Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Anadarko Petroleum Co. (NYSE:APC) by 1,161.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 389,200 shares of the oil and gas development company’s stock after purchasing an additional 358,350 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.08% of Anadarko Petroleum worth $17,701,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. IndexIQ Advisors LLC increased its holdings in Anadarko Petroleum by 3.3% during the 1st quarter. IndexIQ Advisors LLC now owns 4,990 shares of the oil and gas development company’s stock worth $227,000 after purchasing an additional 161 shares during the last quarter. Tocqueville Asset Management L.P. grew its stake in Anadarko Petroleum by 1.0% during the 1st quarter. Tocqueville Asset Management L.P. now owns 17,500 shares of the oil and gas development company’s stock worth $796,000 after buying an additional 165 shares during the last quarter. Shine Investment Advisory Services Inc. grew its stake in Anadarko Petroleum by 35.0% during the 1st quarter. Shine Investment Advisory Services Inc. now owns 675 shares of the oil and gas development company’s stock worth $31,000 after buying an additional 175 shares during the last quarter. Moors & Cabot Inc. grew its stake in Anadarko Petroleum by 2.9% during the 1st quarter. Moors & Cabot Inc. now owns 6,307 shares of the oil and gas development company’s stock worth $287,000 after buying an additional 175 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV grew its stake in Anadarko Petroleum by 0.3% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 62,992 shares of the oil and gas development company’s stock worth $2,865,000 after buying an additional 192 shares during the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.
A number of brokerages have issued reports on APC. Zacks Investment Research upgraded Anadarko Petroleum from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a research report on Tuesday, April 16th. Citigroup started coverage on Anadarko Petroleum in a report on Tuesday, April 9th. They issued a “buy” rating for the company. Guggenheim set a $69.00 price objective on Anadarko Petroleum and gave the company a “buy” rating in a report on Friday, February 22nd. Cowen restated a “buy” rating and issued a $71.00 price objective on shares of Anadarko Petroleum in a report on Wednesday, April 17th. Finally, Stifel Nicolaus set a $68.00 target price on Anadarko Petroleum and gave the stock a “buy” rating in a research report on Friday, April 26th. One research analyst has rated the stock with a sell rating, twenty-three have issued a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $70.25.
Shares of NYSE:APC traded down $0.24 during midday trading on Friday, hitting $69.83. The company had a trading volume of 7,012,843 shares, compared to its average volume of 9,566,013. Anadarko Petroleum Co. has a 12 month low of $40.40 and a 12 month high of $76.70. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $35.13 billion, a P/E ratio of 30.90, a P/E/G ratio of 3.99 and a beta of 1.72.
Anadarko Petroleum (NYSE:APC) last posted 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 business had revenue of $3.22 billion for the quarter, compared to analyst estimates of $2.91 billion. During the same period last year, the company earned $0.52 EPS. The firm’s revenue was up 5.7% on a year-over-year basis. As a group, equities research analysts expect that Anadarko Petroleum Co. will post 2.69 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 12th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend is Tuesday, June 11th. Anadarko Petroleum’s dividend payout ratio is 53.10%.
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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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