Harvest Management LLC acquired a new position in shares of Anadarko Petroleum Co. (NYSE:APC) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 110,000 shares of the oil and gas development company’s stock, valued at approximately $7,762,000. Anadarko Petroleum makes up 10.7% of Harvest Management LLC’s holdings, making the stock its 3rd biggest holding.
A number of other large investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its stake in Anadarko Petroleum by 5.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,098,627 shares of the oil and gas development company’s stock valued at $135,840,000 after buying an additional 154,340 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Anadarko Petroleum by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 5,868,766 shares of the oil and gas development company’s stock worth $256,783,000 after purchasing an additional 88,243 shares during the last quarter. Actinver Wealth Management Inc. purchased a new stake in shares of Anadarko Petroleum during the fourth quarter worth approximately $217,000. PFS Investments Inc. purchased a new stake in shares of Anadarko Petroleum during the first quarter worth approximately $369,000. Finally, First American Trust FSB raised its stake in shares of Anadarko Petroleum by 2.5% during the first quarter. First American Trust FSB now owns 41,023 shares of the oil and gas development company’s stock worth $1,866,000 after purchasing an additional 997 shares during the last quarter. 85.31% of the stock is currently owned by hedge funds and other institutional investors.
Shares of APC stock opened at $73.76 on Friday. The business’s fifty day simple moving average is $71.84. Anadarko Petroleum Co. has a 1-year low of $40.40 and a 1-year high of $76.23. The firm has a market capitalization of $37.34 billion, a price-to-earnings ratio of 32.64, a PEG ratio of 5.80 and a beta of 1.63. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.92 and a quick ratio of 0.77.
Anadarko Petroleum (NYSE:APC) last posted its earnings results on Friday, July 26th. The oil and gas development company reported $0.51 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.04). The firm had revenue of $3.44 billion during the quarter, compared to analyst estimates of $3.31 billion. Anadarko Petroleum had a negative net margin of 4.20% and a positive return on equity of 10.49%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the company posted $0.54 EPS. On average, equities research analysts anticipate that Anadarko Petroleum Co. will post 1.97 earnings per share for the current year.
APC has been the subject of several analyst reports. Zacks Investment Research upgraded Anadarko Petroleum from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a research note on Tuesday, April 16th. MKM Partners upped their price target on Anadarko Petroleum to $73.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 30th. Cowen cut Anadarko Petroleum from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $71.00 to $72.00 in a research note on Wednesday, May 22nd. Argus cut Anadarko Petroleum from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th. Finally, Capital One Financial cut Anadarko Petroleum from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, twenty-three have issued a hold rating and five have given a buy rating to the company. Anadarko Petroleum has a consensus rating of “Hold” and an average target price of $70.25.
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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