Endurance Wealth Management Inc. Purchases 10,021 Shares of Anadarko Petroleum Co. (APC)
Endurance Wealth Management Inc. boosted its position in Anadarko Petroleum Co. (NYSE:APC) by 19.4% in the 4th quarter, Holdings Channel reports. The firm owned 61,743 shares of the oil and gas development company’s stock after acquiring an additional 10,021 shares during the quarter. Endurance Wealth Management Inc.’s holdings in Anadarko Petroleum were worth $3,312,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. grew its holdings in Anadarko Petroleum by 1.0% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 2,173,067 shares of the oil and gas development company’s stock valued at $116,564,000 after buying an additional 21,214 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in Anadarko Petroleum by 12.4% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 14,680 shares of the oil and gas development company’s stock valued at $787,000 after buying an additional 1,617 shares in the last quarter. Gulf International Bank UK Ltd grew its holdings in Anadarko Petroleum by 2.3% in the 4th quarter. Gulf International Bank UK Ltd now owns 175,296 shares of the oil and gas development company’s stock valued at $9,402,000 after buying an additional 4,000 shares in the last quarter. Koshinski Asset Management Inc. purchased a new stake in Anadarko Petroleum in the 4th quarter valued at $651,000. Finally, Creative Planning grew its holdings in Anadarko Petroleum by 28.4% in the 4th quarter. Creative Planning now owns 95,475 shares of the oil and gas development company’s stock valued at $5,121,000 after buying an additional 21,117 shares in the last quarter. 87.84% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have issued reports on APC. Morgan Stanley set a $55.00 target price on Anadarko Petroleum and gave the company a “hold” rating in a report on Wednesday, October 18th. Cowen set a $60.00 target price on Anadarko Petroleum and gave the company a “buy” rating in a report on Monday, October 16th. Scotiabank restated a “buy” rating and issued a $62.00 target price on shares of Anadarko Petroleum in a report on Wednesday, November 1st. Stifel Nicolaus restated a “buy” rating and issued a $77.00 target price (up from $76.00) on shares of Anadarko Petroleum in a report on Monday, September 25th. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $64.00 price target on shares of Anadarko Petroleum in a report on Tuesday, January 9th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and nineteen have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $65.00.
Anadarko Petroleum Co. (NYSE APC) traded up $0.42 during midday trading on Thursday, hitting $58.97. The stock had a trading volume of 4,472,700 shares, compared to its average volume of 5,200,082. Anadarko Petroleum Co. has a fifty-two week low of $39.96 and a fifty-two week high of $71.97. The stock has a market cap of $32,020.00, a PE ratio of -16.66 and a beta of 1.38. 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 announced its earnings results on Tuesday, October 31st. The oil and gas development company reported ($0.77) EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter last year, the business earned ($0.89) earnings per share. The business’s revenue was up 31.9% compared to the same quarter last year. analysts expect that Anadarko Petroleum Co. will post -2.2 EPS for the current fiscal year.
Anadarko Petroleum declared that its Board of Directors has approved a share repurchase plan on Wednesday, September 20th that permits the company to buyback $2.50 billion in shares. This buyback authorization permits the oil and gas development company to repurchase up to 10% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 27th. Investors of record on Wednesday, December 13th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date of this dividend was Tuesday, December 12th. Anadarko Petroleum’s dividend payout ratio (DPR) is -5.65%.
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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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