US Bancorp DE Cuts Position in Anadarko Petroleum Co. (APC)
US Bancorp DE trimmed its position in Anadarko Petroleum Co. (NYSE:APC) by 4.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 210,007 shares of the oil and gas development company’s stock after selling 10,427 shares during the period. US Bancorp DE’s holdings in Anadarko Petroleum were worth $11,264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in APC. Boston Partners increased its position in shares of Anadarko Petroleum by 311.0% in the 3rd quarter. Boston Partners now owns 3,651,098 shares of the oil and gas development company’s stock valued at $178,356,000 after acquiring an additional 2,762,834 shares during the period. APG Asset Management N.V. boosted its holdings in Anadarko Petroleum by 635.6% in the third quarter. APG Asset Management N.V. now owns 802,196 shares of the oil and gas development company’s stock valued at $39,187,000 after purchasing an additional 693,138 shares during the last quarter. Hexavest Inc. purchased a new stake in Anadarko Petroleum in the fourth quarter valued at $35,192,000. JPMorgan Chase & Co. boosted its holdings in Anadarko Petroleum by 6.4% in the third quarter. JPMorgan Chase & Co. now owns 10,257,355 shares of the oil and gas development company’s stock valued at $501,380,000 after purchasing an additional 619,056 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in Anadarko Petroleum in the third quarter valued at $26,281,000. 88.02% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Anadarko Petroleum Co. (NYSE:APC) opened at $58.72 on Thursday. 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 Co. has a 12 month low of $39.96 and a 12 month high of $70.00. The stock has a market cap of $31,456.09, a PE ratio of -72.49, a PEG ratio of 894.29 and a beta of 1.42.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Wednesday, March 14th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.70%. This is an increase from Anadarko Petroleum’s previous quarterly dividend of $0.05. Anadarko Petroleum’s dividend payout ratio is -24.69%.
Several research firms have commented on APC. Stifel Nicolaus set a $73.00 price target on shares of Anadarko Petroleum and gave the company a “buy” rating in a report on Monday, January 29th. Morgan Stanley upped their price target on shares of Anadarko Petroleum from $55.00 to $66.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. Credit Suisse Group set a $71.00 price target on shares of Anadarko Petroleum and gave the company a “buy” rating in a report on Tuesday, January 23rd. They noted that the move was a valuation call. Jefferies Group reaffirmed a “buy” rating and issued a $78.00 price target on shares of Anadarko Petroleum in a report on Thursday. Finally, Cowen set a $70.00 price target on shares of Anadarko Petroleum and gave the company a “buy” rating in a report on Thursday, January 18th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and eighteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $66.80.
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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