Moody National Bank Trust Division lifted its stake in shares of Anadarko Petroleum Co. (NYSE:APC) by 633.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,501 shares of the oil and gas development company’s stock after purchasing an additional 60,885 shares during the period. Moody National Bank Trust Division’s holdings in Anadarko Petroleum were worth $4,752,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of APC. ING Groep NV acquired a new position in Anadarko Petroleum in the second quarter valued at approximately $4,363,000. Robeco Institutional Asset Management B.V. lifted its holdings in Anadarko Petroleum by 6.2% in the second quarter. Robeco Institutional Asset Management B.V. now owns 69,484 shares of the oil and gas development company’s stock valued at $5,090,000 after acquiring an additional 4,075 shares during the last quarter. Douglas Lane & Associates LLC acquired a new position in Anadarko Petroleum in the third quarter valued at approximately $1,712,000. Castleark Management LLC lifted its holdings in Anadarko Petroleum by 34.2% in the second quarter. Castleark Management LLC now owns 121,210 shares of the oil and gas development company’s stock valued at $8,879,000 after acquiring an additional 30,910 shares during the last quarter. Finally, Federated Investors Inc. PA lifted its holdings in Anadarko Petroleum by 18.1% in the second quarter. Federated Investors Inc. PA now owns 105,630 shares of the oil and gas development company’s stock valued at $7,737,000 after acquiring an additional 16,202 shares during the last quarter. Institutional investors and hedge funds own 85.95% of the company’s stock.
Shares of NYSE APC opened at $54.86 on Friday. The company has a market capitalization of $28.91 billion, a price-to-earnings ratio of -27.99, a PEG ratio of 1.57 and a beta of 1.26. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.85 and a current ratio of 0.85. Anadarko Petroleum Co. has a 52-week low of $46.80 and a 52-week high of $76.70.
Anadarko Petroleum (NYSE:APC) last announced its earnings results on Tuesday, October 30th. The oil and gas development company reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.02). Anadarko Petroleum had a net margin of 11.49% and a return on equity of 8.70%. The firm had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same period in the previous year, the firm earned ($0.77) EPS. The firm’s revenue for the quarter was up 48.1% compared to the same quarter last year. Analysts predict that Anadarko Petroleum Co. will post 3.06 earnings per share for the current fiscal year.
Anadarko Petroleum announced that its board has authorized a share repurchase program on Monday, July 9th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the oil and gas development company to reacquire up to 2.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.
APC has been the topic of a number of recent analyst reports. Stifel Nicolaus upped their price objective on Anadarko Petroleum from $80.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, July 10th. Credit Suisse Group set a $84.00 price objective on Anadarko Petroleum and gave the company a “buy” rating in a report on Monday, July 9th. Morgan Stanley initiated coverage on Anadarko Petroleum in a report on Thursday, July 12th. They issued an “equal weight” rating and a $86.00 price objective on the stock. Mitsubishi UFJ Financial Group upped their price objective on Anadarko Petroleum to $92.00 and gave the company an “overweight” rating in a report on Thursday, July 19th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $89.00 price objective on shares of Anadarko Petroleum in a report on Friday, July 20th. Five equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Anadarko Petroleum currently has a consensus rating of “Buy” and a consensus price target of $81.75.
Anadarko Petroleum Company Profile
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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