Wrapmanager Inc. lessened its holdings in shares of Anadarko Petroleum Co. (NYSE:APC) by 8.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,033 shares of the oil and gas development company’s stock after selling 2,423 shares during the period. Wrapmanager Inc.’s holdings in Anadarko Petroleum were worth $1,504,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Gamco Investors INC. ET AL raised its stake in shares of Anadarko Petroleum by 10.7% during the fourth quarter. Gamco Investors INC. ET AL now owns 282,490 shares of the oil and gas development company’s stock valued at $15,153,000 after acquiring an additional 27,290 shares in the last quarter. Checchi Capital Advisers LLC bought a new position in Anadarko Petroleum in the fourth quarter worth approximately $284,000. SeaCrest Wealth Management LLC bought a new position in Anadarko Petroleum in the fourth quarter worth approximately $429,000. Aperio Group LLC raised its stake in Anadarko Petroleum by 12.0% in the fourth quarter. Aperio Group LLC now owns 259,068 shares of the oil and gas development company’s stock worth $13,896,000 after buying an additional 27,829 shares in the last quarter. Finally, Boston Partners raised its stake in Anadarko Petroleum by 20.5% in the fourth quarter. Boston Partners now owns 4,399,407 shares of the oil and gas development company’s stock worth $235,984,000 after buying an additional 748,309 shares in the last quarter. Institutional investors and hedge funds own 88.02% of the company’s stock.
Anadarko Petroleum Co. (APC) traded down $0.07 during mid-day trading on Friday, reaching $56.13. 8,738,166 shares of the company’s stock were exchanged, compared to its average volume of 5,890,000. The firm has a market cap of $30,710.00, a P/E ratio of -71.05, a price-to-earnings-growth ratio of 10.48 and a beta of 1.42. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.03 and a current ratio of 1.73. Anadarko Petroleum Co. has a 12 month low of $39.96 and a 12 month high of $70.00.
Anadarko Petroleum announced that its board has authorized a stock repurchase plan on Wednesday, February 7th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the oil and gas development company to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Wednesday, March 14th will be paid a $0.25 dividend. This is a boost from Anadarko Petroleum’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Tuesday, March 13th. This represents a $1.00 annualized dividend and a dividend yield of 1.78%. Anadarko Petroleum’s dividend payout ratio is -25.32%.
APC has been the topic of a number of recent analyst reports. Wolfe Research downgraded Anadarko Petroleum from an “outperform” rating to a “market perform” rating in a research report on Monday, October 16th. Cowen set a $60.00 price target on Anadarko Petroleum and gave the stock a “buy” rating in a research report on Monday, October 16th. 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. Stifel Nicolaus dropped their price objective on shares of Anadarko Petroleum from $73.00 to $72.00 and set a “buy” rating on the stock in a report on Wednesday, November 1st. Finally, Scotiabank reissued a “buy” rating and set a $62.00 price objective on shares of Anadarko Petroleum in a report on Wednesday, November 1st. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $67.95.
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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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