Anadarko Petroleum Co. (APC) Shares Sold by BB&T Securities LLC

BB&T Securities LLC lessened its position in shares of Anadarko Petroleum Co. (NYSE:APC) by 7.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 45,220 shares of the oil and gas development company’s stock after selling 3,432 shares during the quarter. BB&T Securities LLC’s holdings in Anadarko Petroleum were worth $3,311,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. raised its stake in shares of Anadarko Petroleum by 258.0% in the first quarter. Robeco Institutional Asset Management B.V. now owns 65,409 shares of the oil and gas development company’s stock worth $3,952,000 after acquiring an additional 47,140 shares during the last quarter. Aperio Group LLC raised its stake in shares of Anadarko Petroleum by 9.0% in the first quarter. Aperio Group LLC now owns 282,444 shares of the oil and gas development company’s stock worth $17,062,000 after acquiring an additional 23,376 shares during the last quarter. Signaturefd LLC bought a new position in shares of Anadarko Petroleum in the first quarter worth about $218,000. Intact Investment Management Inc. raised its stake in shares of Anadarko Petroleum by 53.7% in the first quarter. Intact Investment Management Inc. now owns 33,200 shares of the oil and gas development company’s stock worth $2,006,000 after acquiring an additional 11,600 shares during the last quarter. Finally, King Luther Capital Management Corp raised its stake in shares of Anadarko Petroleum by 3.9% in the first quarter. King Luther Capital Management Corp now owns 157,014 shares of the oil and gas development company’s stock worth $9,485,000 after acquiring an additional 5,858 shares during the last quarter. Institutional investors and hedge funds own 86.27% of the company’s stock.

APC opened at $62.44 on Friday. Anadarko Petroleum Co. has a fifty-two week low of $43.13 and a fifty-two week high of $76.70. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.34. The company has a market cap of $32.04 billion, a P/E ratio of -31.86, a price-to-earnings-growth ratio of 2.13 and a beta of 1.27.

Anadarko Petroleum (NYSE:APC) last issued its earnings results on Tuesday, July 31st. The oil and gas development company reported $0.54 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.06). Anadarko Petroleum had a net margin of 3.63% and a return on equity of 1.85%. The firm had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.08 billion. During the same period in the previous year, the company posted ($0.75) EPS. The firm’s revenue for the quarter was up 21.2% on a year-over-year basis. equities research analysts anticipate that Anadarko Petroleum Co. will post 2.94 earnings per share for the current fiscal year.

Anadarko Petroleum announced that its Board of Directors has approved a stock buyback plan on Monday, July 9th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the oil and gas development company to reacquire up to 2.6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 26th. Shareholders of record on Wednesday, September 12th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.60%. The ex-dividend date is Tuesday, September 11th. Anadarko Petroleum’s payout ratio is presently -51.02%.

A number of equities analysts have weighed in on APC shares. SunTrust Banks started coverage on shares of Anadarko Petroleum in a research note on Friday, May 18th. They issued a “hold” rating and a $70.00 target price for the company. ValuEngine raised shares of Anadarko Petroleum from a “hold” rating to a “buy” rating in a research note on Friday, June 22nd. Credit Suisse Group set a $84.00 price target on shares of Anadarko Petroleum and gave the stock a “buy” rating in a research note on Monday, July 2nd. Stifel Nicolaus boosted their price target on shares of Anadarko Petroleum from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, July 10th. Finally, Morgan Stanley began coverage on shares of Anadarko Petroleum in a research note on Thursday, July 12th. They set an “equal weight” rating and a $86.00 price target for the company. Six equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $79.60.

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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