Candriam Luxembourg S.C.A. decreased its stake in shares of Anadarko Petroleum Co. (NYSE:APC) by 6.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 125,338 shares of the oil and gas development company’s stock after selling 8,090 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Anadarko Petroleum were worth $6,723,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Fis Group Inc. bought a new stake in shares of Anadarko Petroleum during the 3rd quarter valued at about $107,000. Stelac Advisory Services LLC bought a new stake in shares of Anadarko Petroleum during the 3rd quarter valued at about $107,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Anadarko Petroleum during the 3rd quarter valued at about $116,000. Cerebellum GP LLC bought a new stake in shares of Anadarko Petroleum during the 4th quarter valued at about $131,000. Finally, Resources Investment Advisors Inc. bought a new stake in shares of Anadarko Petroleum during the 4th quarter valued at about $142,000. 87.82% of the stock is currently owned by hedge funds and other institutional investors.
Anadarko Petroleum Co. (NYSE:APC) opened at $59.78 on Thursday. The company has a quick ratio of 2.03, a current ratio of 1.73 and a debt-to-equity ratio of 0.87. The stock has a market cap of $31,286.47, a PE ratio of -73.80, a price-to-earnings-growth ratio of 5.58 and a beta of 1.42. Anadarko Petroleum Co. has a twelve month low of $39.96 and a twelve month high of $68.40.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Wednesday, March 14th will be issued 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 yield of 1.67%. Anadarko Petroleum’s payout ratio is -24.69%.
Anadarko Petroleum declared that its Board of Directors has initiated a stock repurchase program 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. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.
A number of equities research analysts have recently weighed in on APC shares. Morgan Stanley set a $55.00 target price on shares of Anadarko Petroleum and gave the company a “hold” rating in a research note on Wednesday, October 18th. Stifel Nicolaus dropped their price objective on shares of Anadarko Petroleum from $73.00 to $72.00 and set a “buy” rating on the stock in a research note on Wednesday, November 1st. Scotiabank reissued a “buy” rating and set a $62.00 price objective on shares of Anadarko Petroleum in a research note on Wednesday, November 1st. BMO Capital Markets raised shares of Anadarko Petroleum from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $53.00 to $57.00 in a research note on Friday, November 17th. Finally, Barclays boosted their price objective on shares of Anadarko Petroleum from $37.00 to $39.00 and gave the stock an “underweight” rating in a research note on Monday, November 20th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and twenty have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $68.19.
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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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