BB&T Corp increased its position in shares of Anadarko Petroleum Co. (NYSE:APC) by 2.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,514 shares of the oil and gas development company’s stock after buying an additional 382 shares during the period. BB&T Corp’s holdings in Anadarko Petroleum were worth $751,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Tortoise Capital Advisors L.L.C. boosted its position in Anadarko Petroleum by 1.3% in the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 147,053 shares of the oil and gas development company’s stock valued at $9,913,000 after buying an additional 1,955 shares during the period. Kentucky Retirement Systems purchased a new position in shares of Anadarko Petroleum during the 3rd quarter valued at approximately $3,296,000. Neuberger Berman Group LLC boosted its stake in shares of Anadarko Petroleum by 0.9% during the 3rd quarter. Neuberger Berman Group LLC now owns 589,686 shares of the oil and gas development company’s stock valued at $39,750,000 after buying an additional 5,305 shares during the last quarter. B. Riley Wealth Management Inc. purchased a new position in shares of Anadarko Petroleum during the 3rd quarter valued at approximately $215,000. Finally, Griffin Asset Management Inc. boosted its stake in shares of Anadarko Petroleum by 12.0% during the 3rd quarter. Griffin Asset Management Inc. now owns 28,697 shares of the oil and gas development company’s stock valued at $1,934,000 after buying an additional 3,075 shares during the last quarter. 86.53% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts recently issued reports on the company. Cowen reissued a “buy” rating and set a $71.00 price target on shares of Anadarko Petroleum in a research report on Wednesday, April 17th. MKM Partners upped their price target on Anadarko Petroleum to $73.00 and gave the company a “neutral” rating in a research report on Tuesday, April 30th. Mizuho reissued a “buy” rating and set a $55.00 price target on shares of Anadarko Petroleum in a research report on Tuesday, February 12th. Citigroup assumed coverage on Anadarko Petroleum in a research report on Monday, April 1st. They set a “buy” rating and a $65.00 price target on the stock. Finally, Susquehanna Bancshares reissued a “neutral” rating and set a $65.00 price target (up from $62.00) on shares of Anadarko Petroleum in a research report on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, twenty-two have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $70.19.
Shares of NYSE:APC traded down $0.46 on Wednesday, hitting $72.31. The company’s stock had a trading volume of 10,537,038 shares, compared to its average volume of 9,439,772. Anadarko Petroleum Co. has a 12 month low of $40.40 and a 12 month high of $76.70. The stock has a market cap of $36.46 billion, a price-to-earnings ratio of 32.00, a PEG ratio of 4.15 and a beta of 1.83. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.77 and a current ratio of 0.77.
Anadarko Petroleum (NYSE:APC) last released its quarterly earnings results on Thursday, April 25th. The oil and gas development company reported $0.53 earnings per share (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 company had revenue of $3.22 billion during the quarter, compared to analysts’ expectations of $2.91 billion. During the same quarter in the prior year, the business posted $0.52 earnings per share. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, equities research analysts predict that Anadarko Petroleum Co. will post 2.74 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 12th will be paid a $0.30 dividend. The ex-dividend date is Tuesday, June 11th. This represents a $1.20 annualized dividend and a dividend yield of 1.66%. Anadarko Petroleum’s payout ratio is 53.10%.
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Anadarko Petroleum 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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