M&T Bank Corp Lowers Position in Anadarko Petroleum Co. (APC)

M&T Bank Corp decreased its position in Anadarko Petroleum Co. (NYSE:APC) by 16.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 67,856 shares of the oil and gas development company’s stock after selling 13,321 shares during the period. M&T Bank Corp’s holdings in Anadarko Petroleum were worth $3,640,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in APC. Pettee Investors Inc. lifted its holdings in Anadarko Petroleum by 52.4% during the fourth quarter. Pettee Investors Inc. now owns 12,500 shares of the oil and gas development company’s stock worth $671,000 after buying an additional 4,300 shares during the period. Investment Management of Virginia LLC lifted its holdings in Anadarko Petroleum by 107.1% during the fourth quarter. Investment Management of Virginia LLC now owns 44,030 shares of the oil and gas development company’s stock worth $2,362,000 after buying an additional 22,765 shares during the period. Albert D Mason Inc. lifted its holdings in Anadarko Petroleum by 93.0% during the fourth quarter. Albert D Mason Inc. now owns 26,195 shares of the oil and gas development company’s stock worth $1,405,000 after buying an additional 12,619 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in Anadarko Petroleum by 3.3% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 86,103 shares of the oil and gas development company’s stock worth $4,716,000 after buying an additional 2,778 shares during the period. Finally, Palladium Partners LLC purchased a new stake in Anadarko Petroleum during the fourth quarter worth $202,000. Hedge funds and other institutional investors own 87.82% of the company’s stock.

Anadarko Petroleum Co. (APC) opened at $59.78 on Thursday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.73 and a quick ratio of 2.03. Anadarko Petroleum Co. has a 12-month low of $39.96 and a 12-month high of $68.41. The stock has a market capitalization of $31,286.47, a price-to-earnings ratio of -73.80, a P/E/G ratio of 5.58 and a beta of 1.42.

Anadarko Petroleum (NYSE:APC) last released its earnings results on Tuesday, February 6th. The oil and gas development company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.15. Anadarko Petroleum had a negative return on equity of 7.48% and a negative net margin of 3.83%. The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the prior year, the firm earned ($0.50) EPS. The firm’s revenue was up 22.7% on a year-over-year basis. research analysts predict that Anadarko Petroleum Co. will post 1.03 earnings per share for the current year.

Anadarko Petroleum declared that its board has initiated a stock repurchase plan on Wednesday, February 7th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the oil and gas development company to purchase shares of its stock 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, March 28th. Investors of record on Wednesday, March 14th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.67%. This is an increase from Anadarko Petroleum’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Tuesday, March 13th. Anadarko Petroleum’s dividend payout ratio is presently -24.69%.

A number of analysts have weighed in on the company. Macquarie upgraded Anadarko Petroleum from a “neutral” rating to an “outperform” rating and set a $70.00 target price for the company in a report on Thursday, February 8th. Morgan Stanley set a $55.00 price target on Anadarko Petroleum and gave the stock a “hold” rating in a research report on Wednesday, October 18th. Jefferies Group reaffirmed a “buy” rating and set a $78.00 price target on shares of Anadarko Petroleum in a research report on Thursday, February 8th. Stifel Nicolaus set a $73.00 price target on Anadarko Petroleum and gave the stock a “buy” rating in a research report on Monday, January 29th. Finally, Scotiabank reaffirmed a “buy” rating and set a $62.00 price target on shares of Anadarko Petroleum in a research report on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, four have given a hold rating and twenty have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $68.19.

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Anadarko Petroleum 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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