Capital Investment Advisory Services LLC acquired a new stake in Anadarko Petroleum Co. (NYSE:APC) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 1,907 shares of the oil and gas development company’s stock, valued at approximately $84,000.
Other hedge funds have also made changes to their positions in the company. FMR LLC lifted its position in Anadarko Petroleum by 9.2% during the 2nd quarter. FMR LLC now owns 23,949,562 shares of the oil and gas development company’s stock worth $1,754,305,000 after acquiring an additional 2,011,856 shares during the period. Bank of New York Mellon Corp lifted its position in Anadarko Petroleum by 46.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 7,941,486 shares of the oil and gas development company’s stock worth $581,714,000 after acquiring an additional 2,536,173 shares during the period. Bank of Montreal Can lifted its position in Anadarko Petroleum by 135.3% during the 3rd quarter. Bank of Montreal Can now owns 413,343 shares of the oil and gas development company’s stock worth $27,863,000 after acquiring an additional 237,653 shares during the period. First Hawaiian Bank acquired a new stake in Anadarko Petroleum during the 3rd quarter worth approximately $244,000. Finally, Nisa Investment Advisors LLC lifted its position in Anadarko Petroleum by 6.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 241,955 shares of the oil and gas development company’s stock worth $16,310,000 after acquiring an additional 14,075 shares during the period. 85.57% of the stock is currently owned by hedge funds and other institutional investors.
APC opened at $44.04 on Thursday. The company has a quick ratio of 0.87, a current ratio of 0.81 and a debt-to-equity ratio of 1.41. The company has a market capitalization of $22.10 billion, a PE ratio of 19.49, a price-to-earnings-growth ratio of 1.79 and a beta of 1.58. Anadarko Petroleum Co. has a 12 month low of $40.40 and a 12 month high of $76.70.
Anadarko Petroleum (NYSE:APC) last posted its quarterly earnings results on Tuesday, February 5th. The oil and gas development company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.19). The business had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.47 billion. Anadarko Petroleum had a net margin of 4.60% and a return on equity of 10.14%. The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.18 earnings per share. As a group, research analysts forecast that Anadarko Petroleum Co. will post 1.54 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 13th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.72%. Anadarko Petroleum’s dividend payout ratio is currently 53.10%.
A number of analysts have weighed in on the company. Zacks Investment Research raised Anadarko Petroleum from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research report on Monday, October 22nd. MKM Partners assumed coverage on Anadarko Petroleum in a research report on Wednesday, December 5th. They set a “buy” rating and a $76.00 price objective for the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $88.00 price objective on shares of Anadarko Petroleum in a research report on Monday, November 12th. Mizuho reaffirmed a “buy” rating and set a $74.00 price objective on shares of Anadarko Petroleum in a research report on Tuesday, December 4th. Finally, Wells Fargo & Co raised Anadarko Petroleum from a “market perform” rating to an “outperform” rating in a research report on Tuesday, October 23rd. Seven analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $76.25.
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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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