UBS Asset Management Americas Inc. reduced its holdings in Anadarko Petroleum Co. (NYSE:APC) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,580,943 shares of the oil and gas development company’s stock after selling 11,093 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.29% of Anadarko Petroleum worth $84,802,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Fis Group Inc. bought a new position in Anadarko Petroleum in the 3rd quarter worth approximately $107,000. Stelac Advisory Services LLC bought a new position in Anadarko Petroleum in the 3rd quarter worth approximately $107,000. Steward Partners Investment Advisory LLC bought a new position in Anadarko Petroleum in the 3rd quarter worth approximately $116,000. Cerebellum GP LLC bought a new position in Anadarko Petroleum in the 4th quarter worth approximately $131,000. Finally, Resources Investment Advisors Inc. bought a new position in Anadarko Petroleum in the 4th quarter worth approximately $142,000. 83.82% of the stock is currently owned by institutional investors.
Several research analysts have commented on APC shares. Stifel Nicolaus dropped their price target on Anadarko Petroleum from $73.00 to $72.00 and set a “buy” rating on the stock in a research report on Wednesday, November 1st. Scotiabank restated a “buy” rating and set a $62.00 price objective on shares of Anadarko Petroleum in a research report on Wednesday, November 1st. BMO Capital Markets upgraded Anadarko Petroleum from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $53.00 to $57.00 in a research report on Friday, November 17th. Barclays boosted their price objective on Anadarko Petroleum from $37.00 to $39.00 and gave the company an “underweight” rating in a research report on Monday, November 20th. Finally, Credit Suisse Group started coverage on Anadarko Petroleum in a research report on Monday, December 11th. They set an “outperform” rating and a $61.00 price objective on the stock. Two equities research 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’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $68.24.
Anadarko Petroleum (NYSE:APC) last announced its quarterly earnings results on Tuesday, February 6th. The oil and gas development company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $2.90 billion. During the same period in the prior year, the business posted ($0.50) earnings per share. The business’s revenue was up 22.7% compared to the same quarter last year. equities research analysts anticipate that Anadarko Petroleum Co. will post 1.35 EPS for the current fiscal year.
Anadarko Petroleum announced that its Board of Directors has authorized a share repurchase plan on Wednesday, February 7th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the oil and gas development company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Wednesday, March 14th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.75%. This is a boost from Anadarko Petroleum’s previous quarterly dividend of $0.05. The ex-dividend date is Tuesday, March 13th. Anadarko Petroleum’s dividend payout ratio is -24.69%.
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.
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