Sigma Investment Counselors Inc. reduced its position in shares of Anadarko Petroleum Co. (NYSE:APC) by 1.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 37,622 shares of the oil and gas development company’s stock after selling 612 shares during the quarter. Sigma Investment Counselors Inc.’s holdings in Anadarko Petroleum were worth $2,655,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Anadarko Petroleum by 5.7% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 6,671 shares of the oil and gas development company’s stock valued at $471,000 after buying an additional 357 shares during the period. OTA Financial Group L.P. purchased a new position in shares of Anadarko Petroleum during the second quarter valued at $1,128,000. Dowling & Yahnke LLC purchased a new position in shares of Anadarko Petroleum during the second quarter valued at $1,664,000. Clean Yield Group increased its stake in shares of Anadarko Petroleum by 9.5% during the second quarter. Clean Yield Group now owns 1,861 shares of the oil and gas development company’s stock valued at $131,000 after buying an additional 161 shares during the period. Finally, Moody National Bank Trust Division increased its stake in shares of Anadarko Petroleum by 0.7% during the second quarter. Moody National Bank Trust Division now owns 70,628 shares of the oil and gas development company’s stock valued at $4,984,000 after buying an additional 467 shares during the period. Institutional investors own 85.08% of the company’s stock.
Several equities research analysts have weighed in on APC shares. JPMorgan Chase & Co. set a €118.00 ($137.21) price target on Deutsche Boerse and gave the stock a “neutral” rating in a report on Monday, April 29th. Morgan Stanley set a $100.00 price target on Cimarex Energy and gave the stock a “buy” rating in a report on Thursday, May 16th. ValuEngine raised Yandex from a “hold” rating to a “buy” rating in a report on Saturday, April 13th. MKM Partners lifted their target price on Anadarko Petroleum to $73.00 and gave the stock a “neutral” rating in a report on Tuesday, April 30th. Finally, Piper Jaffray Companies set a $15.00 target price on BioCryst Pharmaceuticals and gave the stock a “buy” rating in a report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, twenty-three have issued a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $70.25.
Shares of Anadarko Petroleum stock traded up $0.15 on Friday, reaching $73.62. The company’s stock had a trading volume of 6,131,286 shares, compared to its average volume of 9,172,048. The firm has a market capitalization of $36.96 billion, a P/E ratio of 32.58, a P/E/G ratio of 5.39 and a beta of 1.63. Anadarko Petroleum Co. has a 52-week low of $40.40 and a 52-week high of $76.23. The business has a 50-day simple moving average of $71.27. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.77 and a quick ratio of 0.77.
Anadarko Petroleum (NYSE:APC) last posted its quarterly earnings data on Thursday, April 25th. The oil and gas development company reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.23. The business had revenue of $3.22 billion during the quarter, compared to analysts’ expectations of $2.91 billion. Anadarko Petroleum had a return on equity of 10.24% and a net margin of 3.53%. The business’s revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.52 earnings per share. Research analysts expect that Anadarko Petroleum Co. will post 2.1 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 12th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend was Tuesday, June 11th. Anadarko Petroleum’s dividend payout ratio (DPR) is presently 53.10%.
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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