Zacks Investment Research lowered shares of Anadarko Petroleum (NYSE:APC) from a buy rating to a hold rating in a research report report published on Wednesday morning.

According to Zacks, “In a year's time, shares of Anadarko Petroleum have outperformed its industry. Anadarko Petroleum’s premium shale properties, which include the Delaware and Denver-Julesburg basins, and the Deepwater Gulf of Mexico, are expected to be the primary production drivers. Its international assets are also contributing toward the increase in its total production. To focus on high-return assets and achieve capital efficiency, Anadarko Petroleum has been systematically selling its non-core properties. However, Anadarko has a few deep-water assets, which run the risks of adverse weather conditions. In addition, the modifications in laws and regulations, rising expenses and competition from major integrated oil companies pose risks to the stock.”

Other equities analysts also recently issued research reports about the company. ValuEngine downgraded Anadarko Petroleum from a buy rating to a hold rating in a research report on Thursday, August 2nd. Mitsubishi UFJ Financial Group boosted their target price on Anadarko Petroleum to $92.00 and gave the company an overweight rating in a research report on Thursday, July 19th. Seaport Global Securities reissued a buy rating on shares of Anadarko Petroleum in a research report on Wednesday, July 25th. Citigroup cut their target price on Anadarko Petroleum from $76.00 to $74.00 and set a neutral rating on the stock in a research report on Monday, August 13th. Finally, Morgan Stanley cut their target price on Anadarko Petroleum from $86.00 to $82.00 and set a hold rating on the stock in a research report on Tuesday, September 4th. Six equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The company presently has an average rating of Buy and an average target price of $81.37.

Shares of NYSE APC traded down $0.59 during trading hours on Wednesday, hitting $66.46. 41,556 shares of the company traded hands, compared to its average volume of 4,870,391. The company has a market cap of $34.52 billion, a P/E ratio of -33.73, a P/E/G ratio of 1.88 and a beta of 1.26. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.85 and a current ratio of 0.85. Anadarko Petroleum has a 12 month low of $46.74 and a 12 month high of $76.70.

Anadarko Petroleum (NYSE:APC) last released its earnings results on Tuesday, July 31st. The oil and gas development company reported $0.54 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.06). The company had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.08 billion. Anadarko Petroleum had a net margin of 3.63% and a return on equity of 1.85%. The business’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.75) EPS. As a group, equities analysts predict that Anadarko Petroleum will post 2.96 EPS for the current year.

Anadarko Petroleum declared that its board has initiated a share buyback plan on Monday, July 9th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the oil and gas development company to buy up to 2.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 26th. Investors of record on Wednesday, September 12th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date was Tuesday, September 11th. Anadarko Petroleum’s payout ratio is currently -51.02%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its holdings in Anadarko Petroleum by 5.0% during the 2nd quarter. BlackRock Inc. now owns 42,439,494 shares of the oil and gas development company’s stock valued at $3,108,695,000 after acquiring an additional 2,037,976 shares during the period. FMR LLC lifted its holdings in shares of Anadarko Petroleum by 9.2% in the 2nd quarter. FMR LLC now owns 23,949,562 shares of the oil and gas development company’s stock worth $1,754,305,000 after buying an additional 2,011,856 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Anadarko Petroleum by 46.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 7,941,486 shares of the oil and gas development company’s stock worth $581,714,000 after buying an additional 2,536,173 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Anadarko Petroleum by 29.4% in the 2nd quarter. Janus Henderson Group PLC now owns 5,987,333 shares of the oil and gas development company’s stock worth $438,573,000 after buying an additional 1,360,899 shares during the period. Finally, Jennison Associates LLC lifted its holdings in shares of Anadarko Petroleum by 14.7% in the 2nd quarter. Jennison Associates LLC now owns 2,937,066 shares of the oil and gas development company’s stock worth $215,140,000 after buying an additional 377,398 shares during the period. Institutional investors own 86.25% of the company’s stock.

About Anadarko Petroleum

Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of oil and gas properties. It operates through three segments: Exploration and Production, WES Midstream, and Other Midstream. The company explores for and produces oil, natural gas, and natural gas liquids (NGLs).

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