Cowen Inc. cut its position in shares of Anadarko Petroleum Co. (NYSE:APC) by 90.9% in the 4th quarter, Holdings Channel reports. The fund owned 12,500 shares of the oil and gas development company’s stock after selling 125,200 shares during the period. Cowen Inc.’s holdings in Anadarko Petroleum were worth $671,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. Mackenzie Financial Corp acquired a new stake in shares of Anadarko Petroleum in the fourth quarter valued at about $55,469,000. Dimensional Fund Advisors LP grew its stake in shares of Anadarko Petroleum by 2.5% in the third quarter. Dimensional Fund Advisors LP now owns 2,582,421 shares of the oil and gas development company’s stock valued at $126,152,000 after buying an additional 63,165 shares in the last quarter. American International Group Inc. grew its stake in shares of Anadarko Petroleum by 2.9% in the fourth quarter. American International Group Inc. now owns 217,022 shares of the oil and gas development company’s stock valued at $11,641,000 after buying an additional 6,123 shares in the last quarter. Chevy Chase Trust Holdings Inc. grew its stake in shares of Anadarko Petroleum by 7.1% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 642,219 shares of the oil and gas development company’s stock valued at $31,373,000 after buying an additional 42,627 shares in the last quarter. Finally, MANA Advisors LLC acquired a new stake in shares of Anadarko Petroleum in the fourth quarter valued at about $607,000. Institutional investors own 88.19% of the company’s stock.
Anadarko Petroleum Co. (APC) opened at $58.53 on Friday. 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 Co. has a 1-year low of $39.96 and a 1-year high of $64.15.
Anadarko Petroleum (NYSE:APC) last released its earnings results on Tuesday, February 6th. The oil and gas development company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $2.90 billion. During the same quarter last year, the business posted ($0.50) EPS. Anadarko Petroleum’s quarterly revenue was up 22.7% compared to the same quarter last year. sell-side analysts anticipate that Anadarko Petroleum Co. will post 1.58 earnings per share for the current year.
Anadarko Petroleum declared that its board has approved a share repurchase program on Wednesday, February 7th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the oil and gas development company to buy shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Wednesday, March 14th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Tuesday, March 13th. This is an increase from Anadarko Petroleum’s previous quarterly dividend of $0.05. Anadarko Petroleum’s dividend payout ratio (DPR) is currently -123.46%.
A number of equities research analysts have recently issued reports on the company. 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 target price for the company in a research note on Thursday, February 8th. Zacks Investment Research upgraded Anadarko Petroleum from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research note on Wednesday, February 14th. Credit Suisse Group assumed coverage on Anadarko Petroleum in a research note on Monday, December 11th. They issued an “outperform” rating and a $61.00 target price for the company. Finally, Stifel Nicolaus set a $73.00 target price on Anadarko Petroleum and gave the company a “buy” rating in a research note on Monday, January 29th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eighteen have given a buy rating to the stock. Anadarko Petroleum presently has an average rating of “Buy” and a consensus target price of $67.80.
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Anadarko Petroleum Profile
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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