The Manufacturers Life Insurance Company Has $39.37 Million Stake in Anadarko Petroleum Co. (APC)

The Manufacturers Life Insurance Company grew its stake in Anadarko Petroleum Co. (NYSE:APC) by 4.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 651,777 shares of the oil and gas development company’s stock after acquiring an additional 27,978 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.13% of Anadarko Petroleum worth $39,373,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Franklin Resources Inc. increased its holdings in shares of Anadarko Petroleum by 13.1% in the 4th quarter. Franklin Resources Inc. now owns 14,853,841 shares of the oil and gas development company’s stock valued at $796,760,000 after acquiring an additional 1,723,576 shares during the period. Boston Partners increased its holdings in shares of Anadarko Petroleum by 63.1% in the 1st quarter. Boston Partners now owns 7,176,573 shares of the oil and gas development company’s stock valued at $433,537,000 after acquiring an additional 2,777,166 shares during the period. Geode Capital Management LLC increased its holdings in shares of Anadarko Petroleum by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 5,382,643 shares of the oil and gas development company’s stock valued at $288,074,000 after acquiring an additional 48,739 shares during the period. Prudential Financial Inc. increased its holdings in shares of Anadarko Petroleum by 2.2% in the 1st quarter. Prudential Financial Inc. now owns 3,314,744 shares of the oil and gas development company’s stock valued at $200,244,000 after acquiring an additional 71,406 shares during the period. Finally, Epoch Investment Partners Inc. increased its holdings in shares of Anadarko Petroleum by 38.2% in the 1st quarter. Epoch Investment Partners Inc. now owns 2,760,910 shares of the oil and gas development company’s stock valued at $166,787,000 after acquiring an additional 762,465 shares during the period. Institutional investors and hedge funds own 88.92% of the company’s stock.

APC traded up $1.55 on Monday, reaching $70.04. 77,918 shares of the stock were exchanged, compared to its average volume of 4,427,017. Anadarko Petroleum Co. has a fifty-two week low of $39.96 and a fifty-two week high of $72.70. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market cap of $35.28 billion, a P/E ratio of -35.51, a P/E/G ratio of 2.35 and a beta of 1.27.



Anadarko Petroleum (NYSE:APC) last issued its quarterly earnings results on Tuesday, May 1st. The oil and gas development company reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.09. Anadarko Petroleum had a negative return on equity of 3.44% and a negative net margin of 0.15%. The company had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $3.14 billion. During the same quarter in the previous year, the firm posted ($0.60) EPS. The firm’s revenue was down 19.2% compared to the same quarter last year. analysts predict that Anadarko Petroleum Co. will post 2.92 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 27th. Shareholders of record on Wednesday, June 13th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, June 12th. This represents a $1.00 dividend on an annualized basis and a yield of 1.43%. Anadarko Petroleum’s dividend payout ratio is currently -51.02%.

APC has been the topic of a number of analyst reports. Zacks Investment Research upgraded Anadarko Petroleum from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a report on Wednesday, February 21st. Royal Bank of Canada set a $72.00 price target on Anadarko Petroleum and gave the company a “buy” rating in a report on Monday, March 5th. UBS Group initiated coverage on Anadarko Petroleum in a report on Wednesday, March 7th. They issued a “buy” rating and a $74.00 price target on the stock. Piper Jaffray Companies set a $74.00 price target on Anadarko Petroleum and gave the company a “buy” rating in a report on Wednesday, March 14th. Finally, Jefferies Financial Group set a $76.00 price objective on Anadarko Petroleum and gave the stock a “buy” rating in a research report on Monday, March 19th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eighteen have issued a buy rating to the company. Anadarko Petroleum currently has an average rating of “Buy” and a consensus target price of $67.60.

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

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