Personal Capital Advisors Corp Has $20.07 Million Position in Anadarko Petroleum Co. (APC)
Personal Capital Advisors Corp boosted its position in Anadarko Petroleum Co. (NYSE:APC) by 6.9% during the 4th quarter, HoldingsChannel reports. The fund owned 374,074 shares of the oil and gas development company’s stock after acquiring an additional 24,265 shares during the quarter. Personal Capital Advisors Corp’s holdings in Anadarko Petroleum were worth $20,065,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Reinhart Partners Inc. acquired a new stake in Anadarko Petroleum in the third quarter valued at approximately $345,000. Virtu KCG Holdings LLC raised its holdings in Anadarko Petroleum by 34.5% during the second quarter. Virtu KCG Holdings LLC now owns 109,782 shares of the oil and gas development company’s stock worth $4,978,000 after purchasing an additional 28,135 shares in the last quarter. Artemis Investment Management LLP raised its holdings in Anadarko Petroleum by 15.6% during the third quarter. Artemis Investment Management LLP now owns 42,281 shares of the oil and gas development company’s stock worth $2,066,000 after purchasing an additional 5,716 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Anadarko Petroleum by 2.5% during the third quarter. Dimensional Fund Advisors LP now owns 2,582,421 shares of the oil and gas development company’s stock worth $126,152,000 after purchasing an additional 63,165 shares in the last quarter. Finally, Adams Natural Resources Fund Inc. acquired a new stake in Anadarko Petroleum during the third quarter worth approximately $8,358,000. 87.84% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have weighed in on the stock. Morgan Stanley set a $55.00 price objective on shares of Anadarko Petroleum and gave the stock a “hold” rating in a report on Wednesday, October 18th. Cowen set a $60.00 price objective on shares of Anadarko Petroleum and gave the stock a “buy” rating in a report on Monday, October 16th. Scotiabank reissued a “buy” rating and set a $62.00 price objective on shares of Anadarko Petroleum in a report on Wednesday, November 1st. Stifel Nicolaus reissued a “buy” rating and set a $77.00 price objective (up previously from $76.00) on shares of Anadarko Petroleum in a report on Monday, September 25th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $64.00 price objective 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 issued a hold rating and nineteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $65.48.
Anadarko Petroleum Co. (NYSE APC) opened at $58.20 on Friday. Anadarko Petroleum Co. has a 1-year low of $39.96 and a 1-year high of $71.97. The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.03 and a current ratio of 2.03.
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). The business had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.52 billion. Anadarko Petroleum had a negative net margin of 17.13% and a negative return on equity of 9.82%. The business’s revenue was up 31.9% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.89) earnings per share. equities analysts forecast that Anadarko Petroleum Co. will post -2.2 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 27th. Stockholders of record on Wednesday, December 13th were issued a $0.05 dividend. The ex-dividend date was Tuesday, December 12th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.34%. Anadarko Petroleum’s payout ratio is -5.63%.
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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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