Cerebellum GP LLC lowered its holdings in Anadarko Petroleum Co. (NYSE:APC) by 22.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,389 shares of the oil and gas development company’s stock after selling 695 shares during the period. Cerebellum GP LLC’s holdings in Anadarko Petroleum were worth $175,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in APC. OppenheimerFunds Inc. raised its holdings in shares of Anadarko Petroleum by 1.9% during the 4th quarter. OppenheimerFunds Inc. now owns 49,686 shares of the oil and gas development company’s stock valued at $2,665,000 after buying an additional 906 shares in the last quarter. AXA increased its stake in Anadarko Petroleum by 4.3% in the 4th quarter. AXA now owns 84,680 shares of the oil and gas development company’s stock worth $4,542,000 after purchasing an additional 3,475 shares during the period. MANA Advisors LLC purchased a new position in Anadarko Petroleum in the 4th quarter worth approximately $607,000. Driehaus Capital Management LLC purchased a new position in Anadarko Petroleum in the 4th quarter worth approximately $536,000. Finally, BlueCrest Capital Management Ltd purchased a new position in Anadarko Petroleum in the 4th quarter worth approximately $5,315,000. 89.00% of the stock is currently owned by hedge funds and other institutional investors.
Anadarko Petroleum traded down $0.93, reaching $72.40, during trading hours on Friday, MarketBeat.com reports. 2,420,257 shares of the company traded hands, compared to its average volume of 5,025,422. The stock has a market capitalization of $37.76 billion, a price-to-earnings ratio of -36.94, a PEG ratio of 2.34 and a beta of 1.27. Anadarko Petroleum Co. has a 1 year low of $39.96 and a 1 year high of $76.70. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.33.
Anadarko Petroleum (NYSE:APC) last announced its quarterly earnings data 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. Anadarko Petroleum had a negative return on equity of 3.44% and a negative net margin of 0.15%. The business 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 business earned ($0.60) earnings per share. The firm’s quarterly revenue was down 19.2% compared to the same quarter last year. equities research analysts predict that Anadarko Petroleum Co. will post 3.13 EPS for the current year.
Anadarko Petroleum declared that its board has authorized a stock buyback program on Monday, July 9th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the oil and gas development company to buy up to 2.6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.
APC has been the topic of a number of analyst reports. Royal Bank of Canada set a $79.00 price target on Anadarko Petroleum and gave the stock a “buy” rating in a research note on Friday, April 13th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $77.00 price target on shares of Anadarko Petroleum in a research note on Wednesday, April 18th. ValuEngine raised Anadarko Petroleum from a “sell” rating to a “hold” rating in a research note on Saturday, April 21st. Stifel Nicolaus set a $73.00 price target on Anadarko Petroleum and gave the stock a “buy” rating in a research note on Monday, April 23rd. Finally, Jefferies Financial Group set a $77.00 price objective on Anadarko Petroleum and gave the stock a “buy” rating in a research report on Wednesday, April 25th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $74.89.
Anadarko Petroleum 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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