Traders sold shares of Anadarko Petroleum Co. (NYSE:APC) on strength during trading on Tuesday. $39.86 million flowed into the stock on the tick-up and $60.92 million flowed out of the stock on the tick-down, for a money net flow of $21.06 million out of the stock. Of all equities tracked, Anadarko Petroleum had the 0th highest net out-flow for the day. Anadarko Petroleum traded up $0.07 for the day and closed at $59.25
Several analysts have weighed in on the company. Zacks Investment Research downgraded Anadarko Petroleum from a “buy” rating to a “hold” rating in a research note on Friday, February 16th. TheStreet upgraded Anadarko Petroleum from a “d+” rating to a “c” rating in a research note on Tuesday, February 6th. Macquarie upgraded Anadarko Petroleum from a “neutral” rating to an “outperform” rating and set a $70.00 price target on the stock in a research note on Thursday, February 8th. 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 note on Thursday, February 8th. Finally, Morgan Stanley boosted their price target on Anadarko Petroleum from $55.00 to $66.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and twenty have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $68.24.
The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 1.13.
Anadarko Petroleum (NYSE:APC) last issued its quarterly earnings data on Tuesday, February 6th. The oil and gas development company reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.15. The business had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Anadarko Petroleum had a negative return on equity of 7.48% and a negative net margin of 3.83%. The company’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.50) EPS. equities analysts expect that Anadarko Petroleum Co. will post 1.35 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Wednesday, March 14th will be issued a $0.25 dividend. 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 dividend on an annualized basis and a yield of 1.75%. Anadarko Petroleum’s dividend payout ratio is presently -24.69%.
Anadarko Petroleum declared that its board has authorized a share repurchase program on Wednesday, February 7th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the oil and gas development company to reacquire shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Xact Kapitalforvaltning AB raised its holdings in Anadarko Petroleum by 14.3% in the 4th quarter. Xact Kapitalforvaltning AB now owns 53,994 shares of the oil and gas development company’s stock worth $2,896,000 after purchasing an additional 6,756 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Anadarko Petroleum by 12.9% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 216,045 shares of the oil and gas development company’s stock worth $11,589,000 after purchasing an additional 24,706 shares during the period. Delek Group Ltd. acquired a new position in Anadarko Petroleum in the 4th quarter worth about $16,069,000. HM Payson & Co. raised its holdings in Anadarko Petroleum by 17.6% in the 4th quarter. HM Payson & Co. now owns 17,843 shares of the oil and gas development company’s stock worth $957,000 after purchasing an additional 2,672 shares during the period. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its holdings in Anadarko Petroleum by 34.4% in the 4th quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 65,700 shares of the oil and gas development company’s stock worth $3,524,000 after purchasing an additional 16,800 shares during the period. 83.82% of the stock is owned by institutional investors.
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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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