PNC Financial Services Group Inc. lowered its stake in Anadarko Petroleum Co. (NYSE:APC) by 0.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 225,149 shares of the oil and gas development company’s stock after selling 1,054 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Anadarko Petroleum were worth $10,240,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of APC. Liberty Wealth Management LLC increased its position in Anadarko Petroleum by 78.6% during the 1st quarter. Liberty Wealth Management LLC now owns 552 shares of the oil and gas development company’s stock worth $25,000 after purchasing an additional 243 shares in the last quarter. Enterprise Financial Services Corp lifted its stake in shares of Anadarko Petroleum by 103.7% in the 1st quarter. Enterprise Financial Services Corp now owns 546 shares of the oil and gas development company’s stock valued at $25,000 after purchasing an additional 278 shares in the last quarter. Claybrook Capital LLC acquired a new position in shares of Anadarko Petroleum in the 4th quarter valued at about $29,000. Shine Investment Advisory Services Inc. lifted its stake in shares of Anadarko Petroleum by 35.0% in the 1st quarter. Shine Investment Advisory Services Inc. now owns 675 shares of the oil and gas development company’s stock valued at $31,000 after purchasing an additional 175 shares in the last quarter. Finally, First Interstate Bank lifted its stake in shares of Anadarko Petroleum by 797.8% in the 1st quarter. First Interstate Bank now owns 808 shares of the oil and gas development company’s stock valued at $37,000 after purchasing an additional 718 shares in the last quarter. 85.66% of the stock is currently owned by institutional investors.
Several equities analysts have recently weighed in on the company. Stifel Nicolaus lowered Anadarko Petroleum from a “buy” rating to a “hold” rating and lifted their price objective for the company from $68.00 to $76.00 in a research note on Tuesday, May 7th. Sanford C. Bernstein downgraded Anadarko Petroleum from an “outperform” rating to a “market perform” rating and set a $72.55 target price on the stock. in a report on Tuesday, April 30th. MKM Partners raised their target price on Anadarko Petroleum to $73.00 and gave the company a “neutral” rating in a report on Tuesday, April 30th. JPMorgan Chase & Co. downgraded Anadarko Petroleum from an “overweight” rating to a “neutral” rating and set a $65.00 target price on the stock. in a report on Monday, April 29th. Finally, Morgan Stanley raised their target price on Anadarko Petroleum from $60.00 to $75.00 and gave the company an “equal weight” rating in a report on Thursday, May 16th. One investment analyst has rated the stock with a sell rating, twenty-three have given a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $70.25.
Shares of Anadarko Petroleum stock traded up $0.40 during trading on Wednesday, hitting $70.49. The stock had a trading volume of 6,631,116 shares, compared to its average volume of 9,465,919. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a market capitalization of $35.40 billion, a price-to-earnings ratio of 31.19, a P/E/G ratio of 4.00 and a beta of 1.72. The firm’s fifty day simple moving average is $71.31. Anadarko Petroleum Co. has a fifty-two week low of $40.40 and a fifty-two week high of $76.70.
Anadarko Petroleum (NYSE:APC) last announced its quarterly earnings data on Thursday, April 25th. The oil and gas development company reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.23. The business had revenue of $3.22 billion during the quarter, compared to analyst estimates of $2.91 billion. Anadarko Petroleum had a return on equity of 10.24% and a net margin of 3.53%. The company’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.52 earnings per share. On average, analysts predict that Anadarko Petroleum Co. will post 2.69 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Wednesday, June 12th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.70%. The ex-dividend date is Tuesday, June 11th. Anadarko Petroleum’s payout ratio is 53.10%.
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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