Kentucky Retirement Systems Acquires Shares of 41,550 Anadarko Petroleum Co. (APC)

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Kentucky Retirement Systems acquired a new stake in Anadarko Petroleum Co. (NYSE:APC) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 41,550 shares of the oil and gas development company’s stock, valued at approximately $3,296,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. TRUE Private Wealth Advisors acquired a new stake in Anadarko Petroleum during the third quarter worth approximately $163,000. Beaton Management Co. Inc. acquired a new position in shares of Anadarko Petroleum in the 2nd quarter valued at $202,000. Lido Advisors LLC acquired a new position in shares of Anadarko Petroleum in the 2nd quarter valued at $202,000. Papp L Roy & Associates acquired a new position in shares of Anadarko Petroleum in the 2nd quarter valued at $209,000. Finally, WealthTrust Fairport LLC acquired a new position in shares of Anadarko Petroleum in the 2nd quarter valued at $209,000. 85.00% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently commented on the stock. Zacks Investment Research raised shares of Anadarko Petroleum from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a report on Monday, October 22nd. Morgan Stanley dropped their price objective on shares of Anadarko Petroleum from $86.00 to $82.00 and set a “hold” rating on the stock in a research note on Tuesday, September 4th. MKM Partners began coverage on shares of Anadarko Petroleum in a research note on Wednesday, December 5th. They issued a “buy” rating and a $76.00 price objective on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $88.00 price objective on shares of Anadarko Petroleum in a research note on Monday, November 12th. Finally, Mizuho reissued a “buy” rating and issued a $74.00 price objective on shares of Anadarko Petroleum in a research note on Tuesday, December 4th. Five research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Anadarko Petroleum has a consensus rating of “Buy” and a consensus target price of $79.67.

Shares of APC stock opened at $47.13 on Wednesday. Anadarko Petroleum Co. has a twelve month low of $47.05 and a twelve month high of $76.70. The stock has a market capitalization of $25.00 billion, a P/E ratio of -24.05, a PEG ratio of 1.29 and a beta of 1.49. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.87 and a quick ratio of 0.87.

Anadarko Petroleum (NYSE:APC) last posted its earnings results on Tuesday, October 30th. The oil and gas development company reported $0.82 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.02). The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.47 billion. Anadarko Petroleum had a return on equity of 8.90% and a net margin of 11.49%. The firm’s revenue for the quarter was up 48.1% compared to the same quarter last year. During the same period last year, the company posted ($0.77) EPS. On average, analysts expect that Anadarko Petroleum Co. will post 2.7 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 26th. Shareholders of record on Wednesday, December 12th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date is Tuesday, December 11th. This is a boost from Anadarko Petroleum’s previous quarterly dividend of $0.25. Anadarko Petroleum’s dividend payout ratio is currently -61.22%.

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About Anadarko Petroleum

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

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