Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Anadarko Petroleum Co. (NYSE:APC) by 3.3% during the fourth quarter, HoldingsChannel reports. The firm owned 86,103 shares of the oil and gas development company’s stock after buying an additional 2,778 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Anadarko Petroleum were worth $4,716,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of APC. Fis Group Inc. purchased a new position in Anadarko Petroleum in the third quarter valued at about $107,000. Stelac Advisory Services LLC purchased a new position in Anadarko Petroleum in the third quarter valued at about $107,000. Steward Partners Investment Advisory LLC purchased a new position in Anadarko Petroleum in the third quarter valued at about $116,000. Cerebellum GP LLC purchased a new position in Anadarko Petroleum in the fourth quarter valued at about $131,000. Finally, Resources Investment Advisors Inc. purchased a new position in Anadarko Petroleum in the fourth quarter valued at about $142,000. Hedge funds and other institutional investors own 88.02% of the company’s stock.

Anadarko Petroleum Co. (NYSE APC) opened at $56.20 on Friday. Anadarko Petroleum Co. has a 12-month low of $39.96 and a 12-month high of $70.00. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.03 and a current ratio of 1.73. The firm has a market capitalization of $32,129.10, a PE ratio of -69.38, a P/E/G ratio of 43.96 and a beta of 1.42.

Anadarko Petroleum (NYSE:APC) last posted its quarterly earnings data on Tuesday, February 6th. The oil and gas development company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.15. Anadarko Petroleum had a negative return on equity of 7.48% and a negative net margin of 3.83%. The business had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the previous year, the firm earned ($0.50) EPS. The firm’s revenue was up 22.7% compared to the same quarter last year. analysts forecast that Anadarko Petroleum Co. will post 0.13 earnings per share for the current fiscal year.

Anadarko Petroleum declared that its board has authorized a stock repurchase program on Wednesday, February 7th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the oil and gas development company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

The firm also recently disclosed 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 1.78%. The ex-dividend date is Tuesday, March 13th. This is a boost from Anadarko Petroleum’s previous quarterly dividend of $0.05. Anadarko Petroleum’s payout ratio is currently -24.69%.

A number of analysts have weighed in on APC shares. Scotiabank set a $62.00 price target on Anadarko Petroleum and gave the stock a “buy” rating in a research report on Saturday, November 25th. Stifel Nicolaus reduced their price target on Anadarko Petroleum from $73.00 to $72.00 and set a “buy” rating for the company in a research report on Wednesday, November 1st. Morgan Stanley set a $55.00 price target on Anadarko Petroleum and gave the stock a “hold” rating in a research report on Wednesday, October 18th. Barclays boosted their price target on Anadarko Petroleum from $39.00 to $42.00 and gave the stock an “underweight” rating in a research report on Thursday, December 21st. Finally, Cowen set a $70.00 price target on Anadarko Petroleum and gave the stock a “buy” rating in a research report on Thursday, January 18th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and nineteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $67.95.

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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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Institutional Ownership by Quarter for Anadarko Petroleum (NYSE:APC)

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