Cetera Advisor Networks LLC increased its holdings in Anadarko Petroleum Co. (NYSE:APC) by 149.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,823 shares of the oil and gas development company’s stock after buying an additional 7,083 shares during the period. Cetera Advisor Networks LLC’s holdings in Anadarko Petroleum were worth $635,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Advisory Services Network LLC boosted its holdings in Anadarko Petroleum by 24.0% in the 2nd quarter. Advisory Services Network LLC now owns 4,812 shares of the oil and gas development company’s stock valued at $218,000 after purchasing an additional 932 shares during the period. Intl Fcstone Inc. bought a new position in Anadarko Petroleum in the 2nd quarter valued at $870,000. Mutual of America Capital Management LLC boosted its holdings in Anadarko Petroleum by 20.1% in the 3rd quarter. Mutual of America Capital Management LLC now owns 97,534 shares of the oil and gas development company’s stock valued at $4,765,000 after purchasing an additional 16,336 shares during the period. Assenagon Asset Management S.A. bought a new position in Anadarko Petroleum in the 3rd quarter valued at $26,281,000. Finally, Viking Fund Management LLC bought a new position in Anadarko Petroleum in the 3rd quarter valued at $2,931,000. 83.82% of the stock is owned by institutional investors.
Several brokerages have commented on APC. Macquarie raised shares of Anadarko Petroleum from a “neutral” rating to an “outperform” rating and set a $70.00 price target for the company in a report on Thursday, February 8th. Jefferies Group reissued a “buy” rating and issued a $78.00 price target on shares of Anadarko Petroleum in a report on Thursday, February 8th. Stifel Nicolaus set a $73.00 price target on shares of Anadarko Petroleum and gave the company a “buy” rating in a report on Monday, January 29th. Scotiabank reissued a “buy” rating and issued a $62.00 price target on shares of Anadarko Petroleum in a report on Wednesday, November 1st. Finally, Zacks Investment Research downgraded shares of Anadarko Petroleum from a “buy” rating to a “hold” rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and nineteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $68.19.
Anadarko Petroleum (NYSE:APC) last issued its earnings results on Tuesday, February 6th. The oil and gas development company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.15. The company had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.90 billion. Anadarko Petroleum had a negative net margin of 3.83% and a negative return on equity of 7.48%. The firm’s revenue was up 22.7% compared to the same quarter last year. During the same quarter last year, the company earned ($0.50) EPS. analysts expect that Anadarko Petroleum Co. will post 1.35 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Wednesday, March 14th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Tuesday, March 13th. This is a boost from Anadarko Petroleum’s previous quarterly dividend of $0.05. Anadarko Petroleum’s dividend payout ratio (DPR) is presently -24.69%.
Anadarko Petroleum declared that its Board of Directors has approved a share repurchase program on Wednesday, February 7th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the oil and gas development company to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
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.
Want to see what other hedge funds are holding APC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Anadarko Petroleum Co. (NYSE:APC).
Receive News & Ratings for Anadarko Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anadarko Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.