Anadarko Petroleum Co. (APC) Holdings Trimmed by Adell Harriman & Carpenter Inc.

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Adell Harriman & Carpenter Inc. lessened its holdings in Anadarko Petroleum Co. (NYSE:APC) by 13.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 70,796 shares of the oil and gas development company’s stock after selling 11,120 shares during the quarter. Adell Harriman & Carpenter Inc.’s holdings in Anadarko Petroleum were worth $3,220,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of APC. Kaizen Advisory LLC lifted its holdings in shares of Anadarko Petroleum by 24.2% during the fourth quarter. Kaizen Advisory LLC now owns 1,390 shares of the oil and gas development company’s stock worth $61,000 after purchasing an additional 271 shares during the period. Precocity Capital LP acquired a new stake in shares of Anadarko Petroleum during the fourth quarter worth about $8,768,000. HRT Financial LLC acquired a new stake in shares of Anadarko Petroleum during the fourth quarter worth about $440,000. Perella Weinberg Partners Capital Management LP lifted its holdings in shares of Anadarko Petroleum by 10.6% during the fourth quarter. Perella Weinberg Partners Capital Management LP now owns 765,721 shares of the oil and gas development company’s stock worth $33,569,000 after purchasing an additional 73,429 shares during the period. Finally, Calamos Advisors LLC lifted its holdings in shares of Anadarko Petroleum by 14.7% during the fourth quarter. Calamos Advisors LLC now owns 134,585 shares of the oil and gas development company’s stock worth $5,900,000 after purchasing an additional 17,275 shares during the period. 86.53% of the stock is owned by institutional investors and hedge funds.

Shares of APC opened at $72.87 on Thursday. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.77 and a quick ratio of 0.77. Anadarko Petroleum Co. has a one year low of $40.40 and a one year high of $76.70. The company has a market cap of $36.54 billion, a P/E ratio of 32.24, a PEG ratio of 4.20 and a beta of 1.83.

Anadarko Petroleum (NYSE:APC) last issued its quarterly earnings results on Thursday, April 25th. The oil and gas development company reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.23. Anadarko Petroleum had a return on equity of 10.24% and a net margin of 3.53%. The firm had revenue of $3.22 billion during the quarter, compared to analysts’ expectations of $2.91 billion. During the same period in the previous year, the business earned $0.52 earnings per share. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. As a group, equities analysts predict that Anadarko Petroleum Co. will post 2.66 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Wednesday, June 12th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.65%. Anadarko Petroleum’s payout ratio is 53.10%.

A number of equities research analysts recently commented on APC shares. Tudor Pickering downgraded Anadarko Petroleum from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Mizuho reaffirmed a “buy” rating and set a $55.00 target price on shares of Anadarko Petroleum in a report on Tuesday, February 12th. Mitsubishi UFJ Financial Group decreased their target price on Anadarko Petroleum to $70.00 in a report on Thursday, February 7th. SunTrust Banks set a $55.00 price target on Anadarko Petroleum and gave the company a “hold” rating in a report on Tuesday, January 29th. Finally, MKM Partners reissued a “neutral” rating and issued a $65.00 price target (down from $66.00) on shares of Anadarko Petroleum in a report on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, twenty-one have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $70.19.

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

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