Honeywell International Inc. Boosts Stake in Anadarko Petroleum Co. (APC)

Honeywell International Inc. increased its position in Anadarko Petroleum Co. (NYSE:APC) by 1.9% in the 4th quarter, Holdings Channel reports. The firm owned 564,700 shares of the oil and gas development company’s stock after buying an additional 10,300 shares during the period. Honeywell International Inc.’s holdings in Anadarko Petroleum were worth $30,291,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of APC. Fis Group Inc. purchased a new stake in shares of Anadarko Petroleum in the 3rd quarter valued at about $107,000. Stelac Advisory Services LLC purchased a new stake in shares of Anadarko Petroleum in the 3rd quarter valued at about $107,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Anadarko Petroleum in the 3rd quarter valued at about $116,000. Cerebellum GP LLC purchased a new stake in shares of Anadarko Petroleum in the 4th quarter valued at about $131,000. Finally, Resources Investment Advisors Inc. purchased a new stake in shares of Anadarko Petroleum in the 4th quarter valued at about $142,000. 83.82% of the stock is owned by institutional investors and hedge funds.

Anadarko Petroleum Co. (NYSE:APC) opened at $59.18 on Tuesday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.73 and a current ratio of 1.73. Anadarko Petroleum Co. has a 52-week low of $39.96 and a 52-week high of $68.09. The stock has a market capitalization of $32,380.00, a P/E ratio of -19.93, a price-to-earnings-growth ratio of 4.40 and a beta of 1.42.

Anadarko Petroleum (NYSE:APC) last released its earnings results on Tuesday, February 6th. The oil and gas development company reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.15. Anadarko Petroleum had a negative return on equity of 7.48% and a negative net margin of 3.83%. The company had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the previous year, the firm posted ($0.50) EPS. The firm’s quarterly revenue was up 22.7% on a year-over-year basis. sell-side analysts forecast that Anadarko Petroleum Co. will post 1.35 earnings per share for the current fiscal year.

Anadarko Petroleum declared that its board has initiated a stock buyback program on Wednesday, February 7th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the oil and gas development company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Wednesday, March 14th will be given a dividend of $0.25 per share. This is a boost from Anadarko Petroleum’s previous quarterly dividend of $0.05. The ex-dividend date is Tuesday, March 13th. This represents a $1.00 annualized dividend and a yield of 1.69%. Anadarko Petroleum’s payout ratio is presently -6.73%.

APC has been the subject of several research reports. TheStreet raised Anadarko Petroleum from a “d+” rating to a “c” rating in a report on Tuesday, February 6th. Scotiabank set a $62.00 target price on Anadarko Petroleum and gave the company a “buy” rating in a report on Saturday, November 25th. Royal Bank of Canada set a $63.00 price target on Anadarko Petroleum and gave the company a “buy” rating in a research report on Wednesday, December 20th. BMO Capital Markets boosted their price target on Anadarko Petroleum from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Finally, Barclays boosted their price target on Anadarko Petroleum from $39.00 to $42.00 and gave the company an “underweight” rating in a research report on Thursday, December 21st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and nineteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $68.19.

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About Anadarko Petroleum

Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company is engaged in developing, acquiring, and exploring for oil and natural-gas resources. The Company’s segments include Oil and Gas Exploration and Production; Midstream, and Marketing. The Company’s geographical segments include the United States and International.

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Institutional Ownership by Quarter for Anadarko Petroleum (NYSE:APC)

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