AXA boosted its holdings in shares of Anadarko Petroleum Co. (NYSE:APC) by 4.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 84,680 shares of the oil and gas development company’s stock after buying an additional 3,475 shares during the quarter. AXA’s holdings in Anadarko Petroleum were worth $4,542,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in APC. Douglass Winthrop Advisors LLC acquired a new position in shares of Anadarko Petroleum in the fourth quarter valued at approximately $233,000. Bluestein R H & Co. acquired a new position in shares of Anadarko Petroleum in the fourth quarter valued at approximately $429,000. Haverford Trust Co. grew its position in shares of Anadarko Petroleum by 33.6% in the fourth quarter. Haverford Trust Co. now owns 5,728 shares of the oil and gas development company’s stock valued at $307,000 after purchasing an additional 1,442 shares during the last quarter. Landscape Capital Management L.L.C. boosted its stake in shares of Anadarko Petroleum by 527.1% in the fourth quarter. Landscape Capital Management L.L.C. now owns 49,221 shares of the oil and gas development company’s stock valued at $2,640,000 after buying an additional 41,372 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Anadarko Petroleum by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 5,382,643 shares of the oil and gas development company’s stock valued at $288,074,000 after buying an additional 48,739 shares during the period. 88.00% of the stock is currently owned by hedge funds and other institutional investors.
Anadarko Petroleum stock traded down $1.25 during trading hours on Friday, reaching $58.86. 10,749,711 shares of the company’s stock were exchanged, compared to its average volume of 4,824,475. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 1.13. Anadarko Petroleum Co. has a twelve month low of $39.96 and a twelve month high of $63.55. The company has a market cap of $31,342.19, a P/E ratio of -30.03, a PEG ratio of 3.45 and a beta of 1.27.
Anadarko Petroleum (NYSE:APC) last issued its quarterly earnings results on Tuesday, February 6th. The oil and gas development company reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.15. The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.90 billion. Anadarko Petroleum had a negative return on equity of 7.48% and a negative net margin of 3.83%. The business’s revenue was up 22.7% compared to the same quarter last year. During the same period last year, the business posted ($0.50) EPS. equities research analysts forecast that Anadarko Petroleum Co. will post 1.71 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 28th. Stockholders of record on Wednesday, March 14th were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, March 13th. This is an increase from Anadarko Petroleum’s previous quarterly dividend of $0.05. This represents a $1.00 annualized dividend and a dividend yield of 1.70%. Anadarko Petroleum’s dividend payout ratio (DPR) is currently -51.02%.
Anadarko Petroleum announced that its Board of Directors has approved a stock buyback plan on Wednesday, February 7th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the oil and gas development company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
Several equities research analysts recently issued reports on the company. Stifel Nicolaus set a $75.00 price target on Anadarko Petroleum and gave the company a “buy” rating in a research note on Wednesday, March 28th. Jefferies Group set a $76.00 price target on Anadarko Petroleum and gave the company a “buy” rating in a research note on Monday, March 19th. Piper Jaffray set a $74.00 price target on Anadarko Petroleum and gave the company a “buy” rating in a research note on Wednesday, March 14th. UBS started coverage on Anadarko Petroleum in a research note on Wednesday, March 7th. They set a “buy” rating and a $74.00 target price for the company. Finally, Royal Bank of Canada set a $72.00 target price on Anadarko Petroleum and gave the stock a “buy” rating in a research note on Monday, March 5th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and eighteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $67.65.
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About Anadarko Petroleum
Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of oil and gas properties. It operates through three segments: Exploration and Production, WES Midstream, and Other Midstream. The company explores for and produces oil, natural gas, and natural gas liquids (NGLs).
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