Robeco Institutional Asset Management B.V. increased its stake in shares of Anadarko Petroleum Co. (NYSE:APC) by 258.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 65,409 shares of the oil and gas development company’s stock after purchasing an additional 47,140 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Anadarko Petroleum were worth $3,952,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of APC. Schwab Charles Investment Management Inc. lifted its holdings in shares of Anadarko Petroleum by 1.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 2,173,067 shares of the oil and gas development company’s stock worth $116,564,000 after purchasing an additional 21,214 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of Anadarko Petroleum by 297.2% during the fourth quarter. State of Alaska Department of Revenue now owns 58,392 shares of the oil and gas development company’s stock worth $3,130,000 after purchasing an additional 43,692 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in shares of Anadarko Petroleum by 186.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,810 shares of the oil and gas development company’s stock worth $365,000 after purchasing an additional 4,434 shares during the period. Chevy Chase Trust Holdings Inc. lifted its holdings in shares of Anadarko Petroleum by 6.2% during the fourth quarter. Chevy Chase Trust Holdings Inc. now owns 682,161 shares of the oil and gas development company’s stock worth $36,591,000 after purchasing an additional 39,942 shares during the period. Finally, First Manhattan Co. lifted its holdings in shares of Anadarko Petroleum by 5.0% during the fourth quarter. First Manhattan Co. now owns 22,940 shares of the oil and gas development company’s stock worth $1,230,000 after purchasing an additional 1,093 shares during the period. 89.21% of the stock is owned by hedge funds and other institutional investors.
Get Anadarko Petroleum alerts:Several equities research analysts recently weighed in on APC shares. Credit Suisse Group set a $71.00 price target on Anadarko Petroleum and gave the stock a “buy” rating in a report on Tuesday, January 23rd. They noted that the move was a valuation call. Stifel Nicolaus reiterated a “buy” rating and issued a $76.00 price objective (up previously from $73.00) on shares of Anadarko Petroleum in a research report on Wednesday, February 7th. Zacks Investment Research upgraded Anadarko Petroleum from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research report on Wednesday, February 14th. Piper Jaffray Companies set a $72.00 price objective on Anadarko Petroleum and gave the stock a “buy” rating in a research report on Sunday, February 11th. Finally, Jefferies Group reiterated a “buy” rating and issued a $78.00 price objective on shares of Anadarko Petroleum in a research report on Thursday, February 8th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eighteen have assigned a buy rating to the stock. Anadarko Petroleum currently has an average rating of “Buy” and an average target price of $67.60.
Shares of Anadarko Petroleum opened at $71.71 on Tuesday, MarketBeat.com reports. Anadarko Petroleum Co. has a fifty-two week low of $39.96 and a fifty-two week high of $72.15. The firm has a market capitalization of $36.35 billion, a PE ratio of -36.59, a PEG ratio of 2.78 and a beta of 1.26. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.17 and a quick ratio of 1.17.
Anadarko Petroleum (NYSE:APC) last announced its quarterly earnings results on Tuesday, May 1st. The oil and gas development company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates 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 last year, the business posted ($0.60) earnings per share. The business’s revenue for the quarter was down 19.2% on a year-over-year basis. sell-side analysts anticipate that Anadarko Petroleum Co. will post 2.54 earnings per share for the current fiscal year.
Anadarko Petroleum declared that its Board of Directors has authorized a share repurchase plan on Wednesday, February 7th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the oil and gas development company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 27th. Stockholders of record on Wednesday, June 13th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date is Tuesday, June 12th. Anadarko Petroleum’s dividend payout ratio is currently -51.02%.
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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