Carret Asset Management LLC Has $2.54 Million Stake in Anadarko Petroleum Co. (NYSE:APC)

Carret Asset Management LLC cut its position in shares of Anadarko Petroleum Co. (NYSE:APC) by 8.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,923 shares of the oil and gas development company’s stock after selling 4,500 shares during the period. Carret Asset Management LLC’s holdings in Anadarko Petroleum were worth $2,536,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BlackRock Inc. raised its position in Anadarko Petroleum by 8.2% during the 2nd quarter. BlackRock Inc. now owns 45,766,435 shares of the oil and gas development company’s stock valued at $2,075,051,000 after purchasing an additional 3,466,161 shares in the last quarter. Vanguard Group Inc. raised its position in Anadarko Petroleum by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 39,870,873 shares of the oil and gas development company’s stock valued at $1,807,745,000 after purchasing an additional 999,933 shares in the last quarter. Dodge & Cox raised its position in Anadarko Petroleum by 43.7% during the 2nd quarter. Dodge & Cox now owns 32,794,208 shares of the oil and gas development company’s stock valued at $1,486,889,000 after purchasing an additional 9,965,600 shares in the last quarter. State Street Corp raised its position in Anadarko Petroleum by 0.8% during the 2nd quarter. State Street Corp now owns 28,641,263 shares of the oil and gas development company’s stock valued at $1,298,599,000 after purchasing an additional 218,628 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in Anadarko Petroleum by 106.6% during the 2nd quarter. Franklin Resources Inc. now owns 14,394,958 shares of the oil and gas development company’s stock valued at $652,661,000 after purchasing an additional 7,428,741 shares in the last quarter. 87.76% of the stock is owned by institutional investors and hedge funds.

Shares of Anadarko Petroleum Co. (NYSE:APC) traded down $0.12 during mid-day trading on Friday, reaching $53.64. The company had a trading volume of 2,545,684 shares, compared to its average volume of 5,333,007. Anadarko Petroleum Co. has a 1 year low of $39.96 and a 1 year high of $72.32. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 1.11. The stock has a market cap of $29,415.20, a P/E ratio of -15.11 and a beta of 1.38.

Anadarko Petroleum (NYSE:APC) last announced its earnings results on Tuesday, October 31st. The oil and gas development company reported ($0.77) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.56) by ($0.21). Anadarko Petroleum had a negative return on equity of 9.82% and a negative net margin of 17.13%. The business had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter last year, the firm earned ($0.89) earnings per share. The firm’s quarterly revenue was up 31.9% compared to the same quarter last year. sell-side analysts predict that Anadarko Petroleum Co. will post -2.21 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 27th. Investors of record on Wednesday, December 13th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, December 12th. This represents a $0.20 annualized dividend and a yield of 0.37%. Anadarko Petroleum’s dividend payout ratio (DPR) is -5.63%.

Anadarko Petroleum announced that its board has authorized a stock buyback plan on Wednesday, September 20th that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the oil and gas development company to reacquire up to 10% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

A number of equities research analysts have weighed in on APC shares. Scotiabank set a $62.00 target price on Anadarko Petroleum and gave the company a “buy” rating in a research report on Saturday, November 25th. Cowen reiterated a “buy” rating and issued a $60.00 price target on shares of Anadarko Petroleum in a report on Sunday, September 17th. Atlantic Securities upgraded Anadarko Petroleum from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $49.05 to $62.00 in a report on Friday, October 6th. BMO Capital Markets reiterated a “hold” rating and issued a $53.00 price target on shares of Anadarko Petroleum in a report on Monday, September 4th. Finally, Stifel Nicolaus reiterated a “buy” rating on shares of Anadarko Petroleum in a report on Sunday, September 3rd. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and twenty have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $64.52.

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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.

Institutional Ownership by Quarter for Anadarko Petroleum (NYSE:APC)

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