Nissay Asset Management Corp Japan ADV boosted its holdings in shares of Anadarko Petroleum Co. (NYSE:APC) by 0.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 62,992 shares of the oil and gas development company’s stock after acquiring an additional 192 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Anadarko Petroleum were worth $2,865,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Kaizen Advisory LLC raised its position in Anadarko Petroleum by 24.2% during the fourth quarter. Kaizen Advisory LLC now owns 1,390 shares of the oil and gas development company’s stock valued at $61,000 after acquiring an additional 271 shares in the last quarter. Precocity Capital LP acquired a new position in Anadarko Petroleum during the fourth quarter valued at approximately $8,768,000. HRT Financial LLC acquired a new position in Anadarko Petroleum during the fourth quarter valued at approximately $440,000. Perella Weinberg Partners Capital Management LP grew its holdings in Anadarko Petroleum by 10.6% during the fourth quarter. Perella Weinberg Partners Capital Management LP now owns 765,721 shares of the oil and gas development company’s stock valued at $33,569,000 after purchasing an additional 73,429 shares during the last quarter. Finally, Calamos Advisors LLC grew its holdings in Anadarko Petroleum by 14.7% during the fourth quarter. Calamos Advisors LLC now owns 134,585 shares of the oil and gas development company’s stock valued at $5,900,000 after purchasing an additional 17,275 shares during the last quarter. 86.53% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Anadarko Petroleum stock opened at $72.96 on Thursday. The firm has a market capitalization 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 quick ratio of 0.77 and a current ratio of 0.77. Anadarko Petroleum Co. has a 1 year low of $40.40 and a 1 year high of $76.70.
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, topping the consensus estimate of $0.30 by $0.23. The business had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $2.91 billion. Anadarko Petroleum had a net margin of 3.53% and a return on equity of 10.24%. Anadarko Petroleum’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the company posted $0.52 earnings per share. On average, sell-side analysts anticipate that Anadarko Petroleum Co. will post 2.66 earnings per share for the current 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 $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.64%. Anadarko Petroleum’s payout ratio is 53.10%.
Several equities analysts have commented on the company. Cowen reiterated a “buy” rating and set a $71.00 price target on shares of Anadarko Petroleum in a report on Wednesday, April 17th. MKM Partners increased their price target on Anadarko Petroleum to $73.00 and gave the company a “neutral” rating in a report on Tuesday, April 30th. Mizuho reiterated a “buy” rating and set a $55.00 price target on shares of Anadarko Petroleum in a report on Tuesday, February 12th. Citigroup assumed coverage on Anadarko Petroleum in a report on Monday, April 1st. They set a “buy” rating and a $65.00 price target on the stock. Finally, Susquehanna Bancshares reiterated a “neutral” rating and set a $65.00 price target (up previously from $62.00) on shares of Anadarko Petroleum in a report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, twenty-one have given a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $70.19.
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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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