Investors Sell Shares of Anadarko Petroleum (APC) on Strength (APC)
Investors sold shares of Anadarko Petroleum Co. (NYSE:APC) on strength during trading on Wednesday. $25.78 million flowed into the stock on the tick-up and $62.42 million flowed out of the stock on the tick-down, for a money net flow of $36.64 million out of the stock. Of all stocks tracked, Anadarko Petroleum had the 21st highest net out-flow for the day. Anadarko Petroleum traded up $0.37 for the day and closed at $58.92
Several research firms recently issued reports on APC. Stifel Nicolaus set a $73.00 price target on shares of Anadarko Petroleum and gave the stock a “buy” rating in a report on Monday, January 29th. Morgan Stanley increased their price target on shares of Anadarko Petroleum from $55.00 to $66.00 and gave the stock 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 stock a “buy” rating in a report on Tuesday, January 23rd. They noted that the move was a valuation call. Zacks Investment Research cut shares of Anadarko Petroleum from a “buy” rating to a “hold” rating in a report on Friday, February 16th. Finally, UBS Group began coverage on shares of Anadarko Petroleum in a report on Wednesday, March 7th. They set a “buy” rating and a $74.00 price target for the company. Two analysts have rated the stock with a sell rating, five have given a hold rating and eighteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $67.70.
The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.73 and a current ratio of 1.73. The company has a market capitalization of $31,370.00, a price-to-earnings ratio of -19.84, a PEG ratio of 3.77 and a beta of 1.40.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Wednesday, March 14th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, March 13th. This is a boost from Anadarko Petroleum’s previous quarterly dividend of $0.05. This represents a $1.00 dividend on an annualized basis and a yield of 1.70%. Anadarko Petroleum’s dividend payout ratio (DPR) is -6.73%.
Anadarko Petroleum declared that its Board of Directors has initiated a share buyback plan on Wednesday, February 7th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the oil and gas development company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.
Institutional investors have recently modified their holdings of the business. Stelac Advisory Services LLC acquired a new stake in shares of Anadarko Petroleum in the third quarter valued at approximately $107,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of Anadarko Petroleum in the third quarter valued at approximately $116,000. Cerebellum GP LLC acquired a new stake in shares of Anadarko Petroleum in the fourth quarter valued at approximately $131,000. Resources Investment Advisors Inc. acquired a new stake in shares of Anadarko Petroleum in the fourth quarter valued at approximately $142,000. Finally, Avestar Capital LLC acquired a new stake in shares of Anadarko Petroleum in the fourth quarter valued at approximately $129,000. 88.19% of the stock is owned by institutional investors.
About Anadarko Petroleum
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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