Traders Buy Shares of Anadarko Petroleum (APC) on Weakness

Investors purchased shares of Anadarko Petroleum Corporation (NYSE:APC) on weakness during trading on Friday. $148.30 million flowed into the stock on the tick-up and $66.03 million flowed out of the stock on the tick-down, for a money net flow of $82.27 million into the stock. Of all companies tracked, Anadarko Petroleum had the 28th highest net in-flow for the day. Anadarko Petroleum traded down ($0.37) for the day and closed at $47.52

A number of analysts have weighed in on APC shares. Jefferies Group restated a “buy” rating and issued a $57.00 target price on shares of Anadarko Petroleum in a research report on Tuesday, October 10th. Stifel Nicolaus restated a “buy” rating on shares of Anadarko Petroleum in a research report on Sunday, September 3rd. Royal Bank of Canada set a $62.00 target price on shares of Anadarko Petroleum and gave the company a “buy” rating in a research report on Thursday, August 24th. Scotiabank restated a “buy” rating and issued a $64.00 target price on shares of Anadarko Petroleum in a research report on Friday, September 22nd. Finally, Mitsubishi UFJ Financial Group restated a “buy” rating and issued a $66.00 target price on shares of Anadarko Petroleum in a research report on Thursday, September 21st. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and nineteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $65.52.

The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 1.11.

Anadarko Petroleum (NYSE:APC) last released its quarterly earnings results on Tuesday, October 31st. The oil and gas development company reported ($0.77) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.56) by ($0.21). The business had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.52 billion. Anadarko Petroleum had a negative net margin of 17.13% and a negative return on equity of 9.82%. Anadarko Petroleum’s revenue was up 31.9% on a year-over-year basis. During the same period in the previous year, the business posted ($0.89) EPS. equities research analysts expect that Anadarko Petroleum Corporation will post -2.24 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 27th. Stockholders of record on Wednesday, December 13th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.42%. The ex-dividend date is Tuesday, December 12th. Anadarko Petroleum’s payout ratio is currently -5.63%.

Anadarko Petroleum declared that its Board of Directors has authorized a share repurchase program on Wednesday, September 20th that permits the company to buyback $2.50 billion in shares. This buyback authorization permits the oil and gas development company to buy up to 10% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in Anadarko Petroleum by 8.2% during the second quarter. BlackRock Inc. now owns 45,766,435 shares of the oil and gas development company’s stock worth $2,075,051,000 after buying an additional 3,466,161 shares during the last quarter. Vanguard Group Inc. raised its stake in Anadarko Petroleum by 2.6% during the second quarter. Vanguard Group Inc. now owns 39,870,873 shares of the oil and gas development company’s stock worth $1,807,745,000 after buying an additional 999,933 shares during the last quarter. Dodge & Cox raised its stake in Anadarko Petroleum by 43.7% during the second quarter. Dodge & Cox now owns 32,794,208 shares of the oil and gas development company’s stock worth $1,486,889,000 after buying an additional 9,965,600 shares during the last quarter. State Street Corp raised its stake in Anadarko Petroleum by 0.8% during the second quarter. State Street Corp now owns 28,641,263 shares of the oil and gas development company’s stock worth $1,298,599,000 after buying an additional 218,628 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in Anadarko Petroleum by 106.6% during the second quarter. Franklin Resources Inc. now owns 14,394,958 shares of the oil and gas development company’s stock worth $652,661,000 after buying an additional 7,428,741 shares during the last quarter. 87.91% of the stock is owned by institutional investors and hedge funds.

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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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