Stephens Inc. AR decreased its stake in shares of Anadarko Petroleum Co. (NYSE:APC) by 10.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 34,646 shares of the oil and gas development company’s stock after selling 3,865 shares during the period. Stephens Inc. AR’s holdings in Anadarko Petroleum were worth $1,858,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Reinhart Partners Inc. bought a new stake in shares of Anadarko Petroleum during the 3rd quarter worth about $345,000. Artemis Investment Management LLP boosted its holdings in shares of Anadarko Petroleum by 15.6% during the 3rd quarter. Artemis Investment Management LLP now owns 42,281 shares of the oil and gas development company’s stock worth $2,066,000 after buying an additional 5,716 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Anadarko Petroleum by 2.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,582,421 shares of the oil and gas development company’s stock worth $126,152,000 after buying an additional 63,165 shares during the period. Adams Natural Resources Fund Inc. bought a new stake in shares of Anadarko Petroleum during the 3rd quarter worth about $8,358,000. Finally, Chevy Chase Trust Holdings Inc. boosted its holdings in shares of Anadarko Petroleum by 7.1% during the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 642,219 shares of the oil and gas development company’s stock worth $31,373,000 after buying an additional 42,627 shares during the period. 88.02% of the stock is owned by institutional investors and hedge funds.
Several analysts recently commented on APC shares. TheStreet raised shares of Anadarko Petroleum from a “d+” rating to a “c” rating in a report on Tuesday. Scotiabank set a $62.00 price objective on shares of Anadarko Petroleum and gave the company a “buy” rating in a report on Saturday, November 25th. Royal Bank of Canada set a $63.00 price objective on shares of Anadarko Petroleum and gave the company a “buy” rating in a report on Wednesday, December 20th. BMO Capital Markets boosted their price objective on shares of Anadarko Petroleum from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Piper Jaffray Companies started coverage on shares of Anadarko Petroleum in a report on Thursday, December 21st. They issued an “overweight” rating and a $56.00 price objective for the company. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and nineteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $67.95.
Anadarko Petroleum (NYSE:APC) last issued its earnings results on Tuesday, February 6th. The oil and gas development company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.03 by $0.15. The company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Anadarko Petroleum had a negative net margin of 3.83% and a negative return on equity of 7.48%. The business’s revenue for the quarter was up 22.7% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.50) EPS. sell-side analysts predict that Anadarko Petroleum Co. will post 0.54 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Wednesday, March 14th will be given a $0.25 dividend. The ex-dividend date is Tuesday, March 13th. This is a boost from Anadarko Petroleum’s previous quarterly dividend of $0.05. This represents a $1.00 annualized dividend and a dividend yield of 1.78%. Anadarko Petroleum’s payout ratio is presently -25.32%.
Anadarko Petroleum declared that its Board of Directors has approved a stock repurchase 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 purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.
Anadarko Petroleum Company 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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