Anadarko Petroleum Co. (NYSE:APC) Short Interest Up 8.4% in June

Anadarko Petroleum Co. (NYSE:APC) saw a significant increase in short interest in June. As of June 30th, there was short interest totalling 18,787,200 shares, an increase of 8.4% from the May 30th total of 17,329,000 shares. Based on an average daily volume of 13,640,000 shares, the days-to-cover ratio is currently 1.4 days. Approximately 3.8% of the shares of the stock are sold short.

NYSE APC opened at $73.06 on Wednesday. The business has a 50-day moving average of $70.79. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.51. The company has a market capitalization of $36.72 billion, a PE ratio of 32.33, a PEG ratio of 4.83 and a beta of 1.63. Anadarko Petroleum has a 12 month low of $40.40 and a 12 month high of $76.23.

Anadarko Petroleum (NYSE:APC) last posted its quarterly earnings results on Thursday, April 25th. The oil and gas development company reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.23. The firm had revenue of $3.22 billion for the quarter, compared to analysts’ expectations of $2.91 billion. Anadarko Petroleum had a net margin of 3.53% and a return on equity of 10.24%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.52 earnings per share. Research analysts forecast that Anadarko Petroleum will post 2.33 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 12th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date was Tuesday, June 11th. Anadarko Petroleum’s payout ratio is presently 53.10%.

A number of equities research analysts recently issued reports on the stock. Stifel Nicolaus downgraded shares of Essentra to a “hold” rating in a research note on Tuesday, May 7th. Guggenheim downgraded shares of Anadarko Petroleum from a “buy” rating to a “hold” rating and set a $69.00 target price on the stock. in a research note on Friday, April 12th. Mitsubishi UFJ Financial Group increased their target price on shares of Twilio from $121.00 to $133.00 in a research note on Friday, April 12th. Johnson Rice downgraded shares of Anadarko Petroleum from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. Finally, Piper Jaffray Companies set a $15.00 target price on shares of BioCryst Pharmaceuticals and gave the company a “buy” rating in a research note on Monday, April 22nd. One analyst has rated the stock with a sell rating, twenty-three have assigned a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $70.25.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Kaizen Advisory LLC grew its holdings in shares of Anadarko Petroleum by 24.2% in the fourth quarter. Kaizen Advisory LLC now owns 1,390 shares of the oil and gas development company’s stock worth $61,000 after purchasing an additional 271 shares during the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. grew its holdings in Anadarko Petroleum by 4.1% during the 1st quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 9,344 shares of the oil and gas development company’s stock worth $425,000 after acquiring an additional 370 shares in the last quarter. Cibc Bank USA grew its holdings in Anadarko Petroleum by 37.5% during the 1st quarter. Cibc Bank USA now owns 13,511 shares of the oil and gas development company’s stock worth $614,000 after acquiring an additional 3,688 shares in the last quarter. HRT Financial LLC bought a new position in Anadarko Petroleum during the 4th quarter worth about $440,000. Finally, Wellington Shields & Co. LLC grew its holdings in Anadarko Petroleum by 10.0% during the 1st quarter. Wellington Shields & Co. LLC now owns 22,100 shares of the oil and gas development company’s stock worth $1,005,000 after acquiring an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 85.08% of the company’s stock.

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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