Whittier Trust Co. decreased its holdings in shares of Anadarko Petroleum Co. (NYSE:APC) by 16.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,994 shares of the oil and gas development company’s stock after selling 1,972 shares during the period. Whittier Trust Co.’s holdings in Anadarko Petroleum were worth $536,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Stelac Advisory Services LLC acquired a new position in Anadarko Petroleum during the third quarter worth $107,000. Fis Group Inc. purchased a new stake in shares of Anadarko Petroleum in the third quarter valued at about $107,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Anadarko Petroleum in the third quarter valued at about $116,000. Cerebellum GP LLC purchased a new stake in shares of Anadarko Petroleum in the fourth quarter valued at about $131,000. Finally, Resources Investment Advisors Inc. purchased a new stake in shares of Anadarko Petroleum in the fourth quarter valued at about $142,000. Hedge funds and other institutional investors own 87.82% of the company’s stock.
Several analysts have recently commented on APC shares. Morgan Stanley set a $55.00 target price on shares of Anadarko Petroleum and gave the company a “hold” rating in a report on Wednesday, October 18th. Stifel Nicolaus reduced their price target on shares of Anadarko Petroleum from $73.00 to $72.00 and set a “buy” rating for the company in a research report on Wednesday, November 1st. Scotiabank restated a “buy” rating and set a $62.00 price target on shares of Anadarko Petroleum in a research report on Wednesday, November 1st. BMO Capital Markets upgraded shares of Anadarko Petroleum from a “market perform” rating to an “outperform” rating and increased their price target for the company from $53.00 to $57.00 in a research report on Friday, November 17th. Finally, Barclays increased their price target on shares of Anadarko Petroleum from $37.00 to $39.00 and gave the company an “underweight” rating in a research report on Monday, November 20th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and twenty have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $68.19.
Anadarko Petroleum (NYSE:APC) last announced its earnings results on Tuesday, February 6th. The oil and gas development company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.15. The business had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.90 billion. Anadarko Petroleum had a negative net margin of 3.83% and a negative return on equity of 7.48%. Anadarko Petroleum’s quarterly revenue was up 22.7% on a year-over-year basis. During the same period last year, the firm posted ($0.50) earnings per share. research analysts predict that Anadarko Petroleum Co. will post 1.03 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Wednesday, March 14th will be paid a $0.25 dividend. This is an increase from Anadarko Petroleum’s previous quarterly dividend of $0.05. This represents a $1.00 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Tuesday, March 13th. Anadarko Petroleum’s dividend payout ratio (DPR) is currently -24.69%.
Anadarko Petroleum announced that its Board of Directors has authorized a share repurchase plan on Wednesday, February 7th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the oil and gas development company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
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About Anadarko Petroleum
Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company is engaged in developing, acquiring, and exploring for oil and natural-gas resources. The Company’s segments include Oil and Gas Exploration and Production; Midstream, and Marketing. The Company’s geographical segments include the United States and International.
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