Investors Buy Anadarko Petroleum (APC) on Weakness

Traders bought shares of Anadarko Petroleum Co. (NYSE:APC) on weakness during trading hours on Thursday. $101.02 million flowed into the stock on the tick-up and $55.76 million flowed out of the stock on the tick-down, for a money net flow of $45.26 million into the stock. Of all companies tracked, Anadarko Petroleum had the 23rd highest net in-flow for the day. Anadarko Petroleum traded down ($1.27) for the day and closed at $69.06

A number of analysts have weighed in on APC shares. Stifel Nicolaus set a $73.00 target price on shares of Anadarko Petroleum and gave the stock a “buy” rating in a research note on Monday, January 29th. Credit Suisse Group boosted their target price on shares of Anadarko Petroleum from $71.00 to $74.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Jefferies Group reaffirmed a “buy” rating and set a $78.00 target price on shares of Anadarko Petroleum in a research note on Thursday, February 8th. Macquarie raised shares of Anadarko Petroleum from a “neutral” rating to an “outperform” rating and set a $70.00 target price on the stock in a research note on Thursday, February 8th. Finally, BMO Capital Markets boosted their price objective on shares of Anadarko Petroleum from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. Anadarko Petroleum presently has an average rating of “Buy” and a consensus target price of $67.60.

The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market cap of $35.57 billion, a P/E ratio of -34.48, a price-to-earnings-growth ratio of 2.58 and a beta of 1.26.

Anadarko Petroleum (NYSE:APC) last issued its quarterly earnings results on Tuesday, May 1st. The oil and gas development company reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.09. The business had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $3.14 billion. Anadarko Petroleum had a negative net margin of 0.15% and a negative return on equity of 3.44%. The business’s quarterly revenue was down 19.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.60) earnings per share. equities analysts predict that Anadarko Petroleum Co. will post 2.68 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 27th. Shareholders of record on Wednesday, June 13th will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, June 12th. This represents a $1.00 dividend on an annualized basis and a yield of 1.48%. Anadarko Petroleum’s dividend payout ratio (DPR) is currently -51.02%.

Anadarko Petroleum announced that its Board of Directors has approved a share buyback plan on Wednesday, February 7th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the oil and gas development company to buy shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

A number of institutional investors and hedge funds have recently modified their holdings of APC. Schwab Charles Investment Management Inc. boosted its position in Anadarko Petroleum by 1.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 2,173,067 shares of the oil and gas development company’s stock valued at $116,564,000 after acquiring an additional 21,214 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of Anadarko Petroleum by 186.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,810 shares of the oil and gas development company’s stock valued at $365,000 after purchasing an additional 4,434 shares during the period. First Manhattan Co. raised its holdings in shares of Anadarko Petroleum by 5.0% during the fourth quarter. First Manhattan Co. now owns 22,940 shares of the oil and gas development company’s stock valued at $1,230,000 after purchasing an additional 1,093 shares during the period. Hennessy Advisors Inc. acquired a new position in shares of Anadarko Petroleum during the fourth quarter valued at about $403,000. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of Anadarko Petroleum by 45.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 18,269 shares of the oil and gas development company’s stock valued at $979,000 after purchasing an additional 5,721 shares during the period. 89.21% of the stock is currently owned by institutional investors and hedge funds.

Anadarko Petroleum Company Profile

Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of oil and gas properties. It operates through three segments: Exploration and Production, WES Midstream, and Other Midstream. The company explores for and produces oil, natural gas, and natural gas liquids (NGLs).

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