First Allied Advisory Services Inc. Sells 1,882 Shares of Anadarko Petroleum Corporation (APC)
First Allied Advisory Services Inc. reduced its holdings in Anadarko Petroleum Corporation (NYSE:APC) by 15.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,513 shares of the oil and gas development company’s stock after selling 1,882 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Anadarko Petroleum were worth $513,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Optimum Investment Advisors lifted its holdings in shares of Anadarko Petroleum by 0.9% in the 2nd quarter. Optimum Investment Advisors now owns 11,541 shares of the oil and gas development company’s stock valued at $523,000 after buying an additional 100 shares during the period. Bienville Capital Management LLC increased its stake in Anadarko Petroleum by 2.0% in the 2nd quarter. Bienville Capital Management LLC now owns 5,840 shares of the oil and gas development company’s stock valued at $265,000 after purchasing an additional 112 shares in the last quarter. Stonebridge Capital Advisors LLC increased its stake in Anadarko Petroleum by 0.8% in the 2nd quarter. Stonebridge Capital Advisors LLC now owns 24,849 shares of the oil and gas development company’s stock valued at $1,127,000 after purchasing an additional 200 shares in the last quarter. Sheaff Brock Investment Advisors LLC increased its stake in Anadarko Petroleum by 3.7% in the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 5,656 shares of the oil and gas development company’s stock valued at $256,000 after purchasing an additional 200 shares in the last quarter. Finally, GHP Investment Advisors Inc. increased its stake in Anadarko Petroleum by 7.5% in the 2nd quarter. GHP Investment Advisors Inc. now owns 4,584 shares of the oil and gas development company’s stock valued at $208,000 after purchasing an additional 320 shares in the last quarter. 87.91% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently weighed in on the company. BidaskClub downgraded Anadarko Petroleum from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 17th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $77.00 price objective (up from $76.00) on shares of Anadarko Petroleum in a research note on Monday, September 25th. Scotiabank reaffirmed a “buy” rating and issued a $62.00 price objective on shares of Anadarko Petroleum in a research note on Wednesday, November 1st. Credit Suisse Group assumed coverage on Anadarko Petroleum in a research note on Monday. They issued an “outperform” rating and a $61.00 price objective for the company. Finally, BMO Capital Markets set a $50.00 price objective on Anadarko Petroleum and gave the company a “hold” rating in a research note on Tuesday, October 10th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $66.23.
Shares of Anadarko Petroleum Corporation (NYSE APC) opened at $48.26 on Thursday. Anadarko Petroleum Corporation has a fifty-two week low of $39.96 and a fifty-two week high of $72.50. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 1.11.
Anadarko Petroleum (NYSE:APC) last posted its quarterly earnings data on Tuesday, October 31st. The oil and gas development company reported ($0.77) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.56) by ($0.21). Anadarko Petroleum had a negative return on equity of 9.82% and a negative net margin of 17.13%. The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter last year, the business earned ($0.89) EPS. Anadarko Petroleum’s revenue for the quarter was up 31.9% compared to the same quarter last year. equities analysts predict that Anadarko Petroleum Corporation will post -2.24 earnings per share for the current year.
Anadarko Petroleum declared that its Board of Directors has authorized a share buyback plan on Wednesday, September 20th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the oil and gas development company to reacquire up to 10% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 27th. Investors of record on Wednesday, December 13th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend is Tuesday, December 12th. Anadarko Petroleum’s payout ratio is currently -5.63%.
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Anadarko Petroleum 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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