Amundi Pioneer Asset Management Inc. lifted its position in shares of Anadarko Petroleum Co. (NYSE:APC) by 7.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 399,689 shares of the oil and gas development company’s stock after buying an additional 26,422 shares during the period. Amundi Pioneer Asset Management Inc. owned about 0.08% of Anadarko Petroleum worth $24,145,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of APC. Avestar Capital LLC acquired a new position in Anadarko Petroleum during the fourth quarter valued at approximately $129,000. Compton Capital Management Inc. RI acquired a new position in Anadarko Petroleum during the first quarter valued at approximately $208,000. Clearbridge LLC boosted its position in Anadarko Petroleum by 97.9% during the fourth quarter. Clearbridge LLC now owns 3,522 shares of the oil and gas development company’s stock valued at $189,000 after purchasing an additional 1,742 shares during the last quarter. Fayez Sarofim & Co acquired a new position in Anadarko Petroleum during the first quarter valued at approximately $213,000. Finally, Signaturefd LLC acquired a new position in Anadarko Petroleum during the first quarter valued at approximately $218,000. 88.92% of the stock is owned by institutional investors.
Anadarko Petroleum stock opened at $69.46 on Friday. Anadarko Petroleum Co. has a one year low of $39.96 and a one year 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 firm has a market cap of $35.58 billion, a price-to-earnings ratio of -35.44, a P/E/G ratio of 2.37 and a beta of 1.27.
Anadarko Petroleum (NYSE:APC) last posted its quarterly earnings data 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 firm had revenue of $3.05 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same quarter last year, the company earned ($0.60) EPS. The company’s revenue was down 19.2% on a year-over-year basis. equities research analysts expect that Anadarko Petroleum Co. will post 2.92 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 27th. Shareholders of record on Wednesday, June 13th will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, June 12th. This represents a $1.00 dividend on an annualized basis and a yield of 1.44%. Anadarko Petroleum’s dividend payout ratio (DPR) is presently -51.02%.
APC has been the subject of several recent research reports. Zacks Investment Research cut Anadarko Petroleum from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Royal Bank of Canada set a $72.00 price objective on Anadarko Petroleum and gave the company a “buy” rating in a research note on Monday, March 5th. UBS Group started coverage on Anadarko Petroleum in a research note on Wednesday, March 7th. They issued a “buy” rating and a $74.00 price objective on the stock. Piper Jaffray Companies set a $74.00 price objective on Anadarko Petroleum and gave the company a “buy” rating in a research note on Wednesday, March 14th. Finally, Jefferies Financial Group set a $76.00 price objective on Anadarko Petroleum and gave the company a “buy” rating in a research note on Monday, March 19th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eighteen have issued a buy rating to the company’s stock. Anadarko Petroleum presently has an average rating of “Buy” and an average price target 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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