Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of Anadarko Petroleum Co. (NYSE:APC) by 79.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 85,962 shares of the oil and gas development company’s stock after acquiring an additional 38,192 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Anadarko Petroleum were worth $4,199,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Fis Group Inc. bought a new stake in Anadarko Petroleum during the third quarter worth approximately $107,000. FNY Partners Fund LP grew its stake in shares of Anadarko Petroleum by 2,900.0% during the second quarter. FNY Partners Fund LP now owns 3,000 shares of the oil and gas development company’s stock valued at $136,000 after buying an additional 2,900 shares during the last quarter. Sun Life Financial INC grew its stake in shares of Anadarko Petroleum by 1,363.4% during the second quarter. Sun Life Financial INC now owns 3,000 shares of the oil and gas development company’s stock valued at $136,000 after buying an additional 2,795 shares during the last quarter. YorkBridge Wealth Partners LLC grew its stake in shares of Anadarko Petroleum by 12.5% during the second quarter. YorkBridge Wealth Partners LLC now owns 3,606 shares of the oil and gas development company’s stock valued at $166,000 after buying an additional 402 shares during the last quarter. Finally, Pier 88 Investment Partners LLC grew its stake in shares of Anadarko Petroleum by 537.1% during the third quarter. Pier 88 Investment Partners LLC now owns 4,033 shares of the oil and gas development company’s stock valued at $197,000 after buying an additional 3,400 shares during the last quarter. 88.68% of the stock is currently owned by institutional investors.
Anadarko Petroleum Co. (NYSE:APC) opened at $48.27 on Tuesday. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 1.11. Anadarko Petroleum Co. has a 12-month low of $39.96 and a 12-month high of $73.33.
Anadarko Petroleum (NYSE:APC) last released its earnings results on Tuesday, October 31st. The oil and gas development company reported ($0.77) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.56) by ($0.21). Anadarko Petroleum had a negative net margin of 24.56% and a negative return on equity of 25.27%. The firm had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period in the previous year, the company earned ($0.89) earnings per share. Anadarko Petroleum’s revenue was up 31.9% on a year-over-year basis. equities analysts predict that Anadarko Petroleum Co. will post -2.23 EPS for the current year.
Anadarko Petroleum declared that its board has initiated a stock repurchase plan on Wednesday, September 20th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the oil and gas development company to purchase up to 10% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 27th. Investors of record on Wednesday, December 13th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend is Tuesday, December 12th. Anadarko Petroleum’s payout ratio is -5.65%.
A number of research analysts have recently commented on the company. Morgan Stanley set a $55.00 target price on Anadarko Petroleum and gave the company a “hold” rating in a research note on Wednesday, October 18th. UBS AG raised Anadarko Petroleum from a “neutral” rating to an “overweight” rating in a research note on Thursday, July 27th. Stifel Nicolaus reaffirmed a “buy” rating and set a $78.00 target price (down previously from $80.00) on shares of Anadarko Petroleum in a research note on Tuesday, July 25th. BidaskClub raised Anadarko Petroleum from a “strong sell” rating to a “sell” rating in a research note on Friday, August 4th. Finally, Jefferies Group LLC set a $62.00 target price on Anadarko Petroleum and gave the company a “buy” rating in a research note on Monday, August 28th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Anadarko Petroleum has an average rating of “Buy” and an average target price of $67.27.
About Anadarko Petroleum
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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