State Treasurer State of Michigan reduced its stake in shares of Anadarko Petroleum Co. (NYSE:APC) by 0.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 143,927 shares of the oil and gas development company’s stock after selling 400 shares during the period. State Treasurer State of Michigan’s holdings in Anadarko Petroleum were worth $6,546,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Kaizen Advisory LLC raised its position in shares of Anadarko Petroleum by 24.2% during the 4th quarter. Kaizen Advisory LLC now owns 1,390 shares of the oil and gas development company’s stock worth $61,000 after purchasing an additional 271 shares during the last quarter. Precocity Capital LP acquired a new position in shares of Anadarko Petroleum during the 4th quarter worth approximately $8,768,000. HRT Financial LLC acquired a new position in shares of Anadarko Petroleum during the 4th quarter worth approximately $440,000. Perella Weinberg Partners Capital Management LP raised its position in shares of Anadarko Petroleum by 10.6% during the 4th quarter. Perella Weinberg Partners Capital Management LP now owns 765,721 shares of the oil and gas development company’s stock worth $33,569,000 after purchasing an additional 73,429 shares during the last quarter. Finally, Calamos Advisors LLC raised its position in shares of Anadarko Petroleum by 14.7% during the 4th quarter. Calamos Advisors LLC now owns 134,585 shares of the oil and gas development company’s stock worth $5,900,000 after purchasing an additional 17,275 shares during the last quarter. Hedge funds and other institutional investors own 86.53% of the company’s stock.
APC has been the subject of several research reports. SunTrust Banks set a $55.00 price objective on Anadarko Petroleum and gave the stock a “hold” rating in a research report on Tuesday, January 29th. Credit Suisse Group cut their price objective on Anadarko Petroleum from $73.00 to $67.00 and set an “outperform” rating for the company in a research report on Wednesday, February 6th. Mitsubishi UFJ Financial Group cut their price objective on Anadarko Petroleum to $70.00 in a research report on Thursday, February 7th. Mizuho restated a “buy” rating and set a $55.00 price objective on shares of Anadarko Petroleum in a research report on Tuesday, February 12th. Finally, Guggenheim set a $69.00 price objective on Anadarko Petroleum and gave the stock a “buy” rating in a research report on Friday, February 22nd. One equities research analyst has rated the stock with a sell rating, twenty-one have assigned a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $70.19.
Shares of NYSE APC opened at $72.96 on Thursday. Anadarko Petroleum Co. has a 52-week low of $40.40 and a 52-week high of $76.70. The firm has a market cap of $36.54 billion, a PE ratio of 32.28, a P/E/G ratio of 4.20 and a beta of 1.83. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.77 and a quick ratio of 0.77.
Anadarko Petroleum (NYSE:APC) last announced its quarterly earnings data on Thursday, April 25th. The oil and gas development company reported $0.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.23. Anadarko Petroleum had a net margin of 3.53% and a return on equity of 10.24%. The company had revenue of $3.22 billion during the quarter, compared to analysts’ expectations of $2.91 billion. During the same period in the previous year, the company earned $0.52 EPS. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. As a group, sell-side analysts expect that Anadarko Petroleum Co. will post 2.66 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 12th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.64%. Anadarko Petroleum’s dividend payout ratio is presently 53.10%.
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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