Nomura Asset Management Co. Ltd. Has $3.61 Million Holdings in Anadarko Petroleum Corporation (APC)
Nomura Asset Management Co. Ltd. grew its holdings in Anadarko Petroleum Corporation (NYSE:APC) by 7.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 73,917 shares of the oil and gas development company’s stock after purchasing an additional 4,950 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Anadarko Petroleum were worth $3,611,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of the business. BlackRock Inc. boosted its stake in Anadarko Petroleum by 8.2% in the second quarter. BlackRock Inc. now owns 45,766,435 shares of the oil and gas development company’s stock worth $2,075,051,000 after purchasing an additional 3,466,161 shares in the last quarter. Vanguard Group Inc. boosted its stake in Anadarko Petroleum by 2.6% in the second quarter. Vanguard Group Inc. now owns 39,870,873 shares of the oil and gas development company’s stock worth $1,807,745,000 after purchasing an additional 999,933 shares in the last quarter. Dodge & Cox boosted its stake in Anadarko Petroleum by 43.7% in the second quarter. Dodge & Cox now owns 32,794,208 shares of the oil and gas development company’s stock worth $1,486,889,000 after purchasing an additional 9,965,600 shares in the last quarter. State Street Corp boosted its stake in Anadarko Petroleum by 0.8% in the second quarter. State Street Corp now owns 28,641,263 shares of the oil and gas development company’s stock worth $1,298,599,000 after purchasing an additional 218,628 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in Anadarko Petroleum by 106.6% in the second quarter. Franklin Resources Inc. now owns 14,394,958 shares of the oil and gas development company’s stock worth $652,661,000 after purchasing an additional 7,428,741 shares in the last quarter. 87.53% of the stock is currently owned by institutional investors.
Anadarko Petroleum Corporation (NYSE APC) opened at $47.92 on Friday. Anadarko Petroleum Corporation has a one year low of $39.96 and a one year high of $73.33. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.03 and a quick ratio of 2.03.
Anadarko Petroleum (NYSE:APC) last released its earnings results on Tuesday, October 31st. The oil and gas development company reported ($0.77) earnings per share for the quarter, missing the consensus estimate of ($0.56) by ($0.21). Anadarko Petroleum had a negative net margin of 17.13% and a negative return on equity of 9.82%. The company had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period in the previous year, the company posted ($0.89) EPS. The company’s quarterly revenue was up 31.9% compared to the same quarter last year. equities analysts anticipate that Anadarko Petroleum Corporation will post -2.24 EPS for the current year.
Anadarko Petroleum declared that its board has authorized a stock repurchase plan on Wednesday, September 20th that authorizes the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization authorizes the oil and gas development company to buy up to 10% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 27th. Shareholders of record on Wednesday, December 13th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend is Tuesday, December 12th. Anadarko Petroleum’s payout ratio is -5.63%.
A number of research firms have commented on APC. Stifel Nicolaus reduced their price objective on Anadarko Petroleum from $73.00 to $72.00 and set a “buy” rating on the stock in a research note on Wednesday, November 1st. Scotiabank reissued a “buy” rating and issued a $62.00 price objective on shares of Anadarko Petroleum in a research note on Wednesday, November 1st. Atlantic Securities raised Anadarko Petroleum from a “neutral” rating to an “overweight” rating and upped their price target for the company from $49.05 to $62.00 in a research note on Friday, October 6th. Morgan Stanley set a $55.00 price target on Anadarko Petroleum and gave the company a “hold” rating in a research note on Wednesday, October 18th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $57.00 price target on shares of Anadarko Petroleum in a research note on Tuesday, October 10th. Three research analysts have rated the stock with a sell rating, five have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $67.18.
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Anadarko Petroleum Company Profile
Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company is engaged in developing, acquiring, and exploring for oil and natural-gas resources. The Company’s segments include Oil and Gas Exploration and Production; Midstream, and Marketing. The Company’s geographical segments include the United States and International.
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