CIBC World Markets Inc. Has $1.53 Million Stake in Anadarko Petroleum Co. (APC)

CIBC World Markets Inc. increased its position in Anadarko Petroleum Co. (NYSE:APC) by 37.3% in the 1st quarter, Holdings Channel reports. The firm owned 25,242 shares of the oil and gas development company’s stock after buying an additional 6,861 shares during the period. CIBC World Markets Inc.’s holdings in Anadarko Petroleum were worth $1,525,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Xact Kapitalforvaltning AB lifted its holdings in shares of Anadarko Petroleum by 9.7% in the 1st quarter. Xact Kapitalforvaltning AB now owns 59,208 shares of the oil and gas development company’s stock valued at $3,577,000 after purchasing an additional 5,214 shares during the last quarter. Atlantic Trust Group LLC lifted its holdings in shares of Anadarko Petroleum by 8.1% in the 1st quarter. Atlantic Trust Group LLC now owns 1,263,307 shares of the oil and gas development company’s stock valued at $76,317,000 after purchasing an additional 94,224 shares during the last quarter. Griffin Asset Management Inc. lifted its holdings in shares of Anadarko Petroleum by 26.7% in the 1st quarter. Griffin Asset Management Inc. now owns 26,172 shares of the oil and gas development company’s stock valued at $1,581,000 after purchasing an additional 5,520 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its holdings in shares of Anadarko Petroleum by 7.1% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 399,689 shares of the oil and gas development company’s stock valued at $24,145,000 after purchasing an additional 26,422 shares during the last quarter. Finally, LPL Financial LLC lifted its holdings in shares of Anadarko Petroleum by 45.6% in the 1st quarter. LPL Financial LLC now owns 116,319 shares of the oil and gas development company’s stock valued at $7,027,000 after purchasing an additional 36,424 shares during the last quarter. 88.97% of the stock is owned by institutional investors and hedge funds.

NYSE APC opened at $74.33 on Thursday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.17 and a current ratio of 1.17. Anadarko Petroleum Co. has a 12-month low of $39.96 and a 12-month high of $75.50. The company has a market cap of $37.03 billion, a price-to-earnings ratio of -37.92, a price-to-earnings-growth ratio of 2.43 and a beta of 1.27.

Anadarko Petroleum (NYSE:APC) last released its earnings results on Tuesday, May 1st. The oil and gas development company reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.09. Anadarko Petroleum had a negative return on equity of 3.44% and a negative net margin of 0.15%. The company had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $3.14 billion. During the same quarter in the previous year, the firm posted ($0.60) EPS. The firm’s quarterly revenue was down 19.2% on a year-over-year basis. equities research analysts forecast that Anadarko Petroleum Co. will post 2.96 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 27th. Shareholders of record on Wednesday, June 13th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.35%. The ex-dividend date was Tuesday, June 12th. Anadarko Petroleum’s payout ratio is -51.02%.

Several analysts have recently weighed in on the company. Stifel Nicolaus reduced their target price on Anadarko Petroleum from $73.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, May 2nd. Jefferies Financial Group set a $77.00 target price on Anadarko Petroleum and gave the company a “buy” rating in a report on Wednesday, April 25th. ValuEngine raised Anadarko Petroleum from a “hold” rating to a “buy” rating in a report on Friday, June 22nd. Zacks Investment Research downgraded Anadarko Petroleum from a “buy” rating to a “hold” rating in a report on Thursday, May 10th. Finally, Wolfe Research raised Anadarko Petroleum from a “market perform” rating to an “outperform” rating in a report on Wednesday, May 16th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and nineteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $67.60.

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

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