BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its position in shares of Anadarko Petroleum Co. (NYSE:APC) by 31.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 113,859 shares of the oil and gas development company’s stock after selling 52,405 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Anadarko Petroleum were worth $7,675,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. ARS Investment Partners LLC grew its stake in shares of Anadarko Petroleum by 0.8% during the 3rd quarter. ARS Investment Partners LLC now owns 337,119 shares of the oil and gas development company’s stock worth $22,725,000 after acquiring an additional 2,575 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Anadarko Petroleum by 30.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,913 shares of the oil and gas development company’s stock worth $4,033,000 after acquiring an additional 13,830 shares during the period. GSA Capital Partners LLP grew its stake in shares of Anadarko Petroleum by 735.3% during the 3rd quarter. GSA Capital Partners LLP now owns 68,916 shares of the oil and gas development company’s stock worth $4,646,000 after acquiring an additional 60,666 shares during the period. United Services Automobile Association grew its stake in shares of Anadarko Petroleum by 48.7% during the 3rd quarter. United Services Automobile Association now owns 239,548 shares of the oil and gas development company’s stock worth $16,148,000 after acquiring an additional 78,502 shares during the period. Finally, Stevens Capital Management LP lifted its holdings in Anadarko Petroleum by 171.6% during the 3rd quarter. Stevens Capital Management LP now owns 190,922 shares of the oil and gas development company’s stock worth $12,870,000 after purchasing an additional 120,614 shares in the last quarter. Institutional investors own 85.01% of the company’s stock.
A number of brokerages recently issued reports on APC. Johnson Rice cut Anadarko Petroleum from a “buy” rating to an “accumulate” rating in a report on Wednesday, August 15th. Zacks Investment Research raised Anadarko Petroleum from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a report on Monday, October 22nd. BMO Capital Markets set a $72.00 price objective on Anadarko Petroleum and gave the stock a “buy” rating in a report on Monday, November 12th. Stifel Nicolaus reissued a “buy” rating and set a $81.00 price objective on shares of Anadarko Petroleum in a report on Wednesday, October 24th. Finally, Morgan Stanley set a $85.00 price objective on Anadarko Petroleum and gave the stock a “hold” rating in a report on Friday, October 12th. Five investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $79.67.
NYSE:APC opened at $52.06 on Friday. Anadarko Petroleum Co. has a twelve month low of $47.37 and a twelve month high of $76.70. The stock has a market capitalization of $26.72 billion, a price-to-earnings ratio of -26.56, a price-to-earnings-growth ratio of 1.34 and a beta of 1.49. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.87 and a current ratio of 0.87.
Anadarko Petroleum (NYSE:APC) last released its quarterly earnings results on Tuesday, October 30th. The oil and gas development company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.02). Anadarko Petroleum had a net margin of 11.49% and a return on equity of 8.90%. The business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same period in the previous year, the business earned ($0.77) EPS. The business’s revenue was up 48.1% on a year-over-year basis. As a group, research analysts expect that Anadarko Petroleum Co. will post 2.76 earnings per share for the current fiscal year.
The firm 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. The ex-dividend date is Tuesday, December 11th. This represents a $1.20 annualized dividend and a dividend yield of 2.31%. This is a boost from Anadarko Petroleum’s previous quarterly dividend of $0.25. Anadarko Petroleum’s dividend payout ratio (DPR) is presently -51.02%.
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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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