Wedbush Securities Inc. Has $340,000 Stake in Anadarko Petroleum (APC)

Wedbush Securities Inc. lifted its position in Anadarko Petroleum (NYSE:APC) by 15.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,623 shares of the oil and gas development company’s stock after acquiring an additional 763 shares during the period. Wedbush Securities Inc.’s holdings in Anadarko Petroleum were worth $340,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Seaward Management Limited Partnership increased its position in shares of Anadarko Petroleum by 17.5% in the fourth quarter. Seaward Management Limited Partnership now owns 5,764 shares of the oil and gas development company’s stock worth $309,000 after acquiring an additional 860 shares in the last quarter. OppenheimerFunds Inc. increased its position in shares of Anadarko Petroleum by 1.9% in the fourth quarter. OppenheimerFunds Inc. now owns 49,686 shares of the oil and gas development company’s stock worth $2,665,000 after acquiring an additional 906 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Anadarko Petroleum by 7.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 13,454 shares of the oil and gas development company’s stock worth $723,000 after acquiring an additional 906 shares in the last quarter. Dupont Capital Management Corp increased its position in shares of Anadarko Petroleum by 20.2% in the first quarter. Dupont Capital Management Corp now owns 5,593 shares of the oil and gas development company’s stock worth $338,000 after acquiring an additional 939 shares in the last quarter. Finally, Brown Advisory Inc. increased its position in shares of Anadarko Petroleum by 1.1% in the fourth quarter. Brown Advisory Inc. now owns 98,577 shares of the oil and gas development company’s stock worth $5,288,000 after acquiring an additional 1,051 shares in the last quarter. 87.65% of the stock is currently owned by institutional investors and hedge funds.

NYSE APC opened at $66.00 on Tuesday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $34.29 billion, a price-to-earnings ratio of -33.67, a price-to-earnings-growth ratio of 2.95 and a beta of 1.26. Anadarko Petroleum has a 12-month low of $39.96 and a 12-month high of $68.75.

Anadarko Petroleum (NYSE:APC) last posted its earnings results on Tuesday, May 1st. The oil and gas development company reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.09. The firm had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $3.14 billion. Anadarko Petroleum had a negative net margin of 0.15% and a negative return on equity of 3.44%. The company’s revenue was down 19.2% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.60) earnings per share. analysts anticipate that Anadarko Petroleum will post 2.26 EPS for the current fiscal year.

Anadarko Petroleum announced that its board has initiated a share buyback plan on Wednesday, February 7th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the oil and gas development company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Several research analysts have recently weighed in on the stock. Macquarie raised shares of Anadarko Petroleum from a “neutral” rating to an “outperform” rating and set a $70.00 target price on the stock in a research report on Thursday, February 8th. Stifel Nicolaus set a $75.00 target price on shares of Anadarko Petroleum and gave the stock a “buy” rating in a research report on Wednesday, March 28th. Jefferies Group reissued a “buy” rating and issued a $78.00 target price on shares of Anadarko Petroleum in a research report on Thursday, February 8th. Zacks Investment Research raised shares of Anadarko Petroleum from a “hold” rating to a “buy” rating and set a $66.00 target price on the stock in a research report on Wednesday, February 21st. Finally, Piper Jaffray reissued a “buy” rating and issued a $64.00 target price on shares of Anadarko Petroleum in a research report on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and seventeen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $67.05.

Anadarko Petroleum Company Profile

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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