Bremer Trust National Association bought a new stake in shares of Anadarko Petroleum Co. (NYSE:APC) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,076 shares of the oil and gas development company’s stock, valued at approximately $47,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in APC. BlackRock Inc. grew its stake in shares of Anadarko Petroleum by 11.8% during the third quarter. BlackRock Inc. now owns 47,443,900 shares of the oil and gas development company’s stock valued at $3,198,193,000 after buying an additional 5,004,406 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Anadarko Petroleum by 350.0% during the third quarter. AQR Capital Management LLC now owns 5,737,992 shares of the oil and gas development company’s stock valued at $386,798,000 after buying an additional 4,462,780 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Anadarko Petroleum by 4,230.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,445,614 shares of the oil and gas development company’s stock valued at $56,000 after buying an additional 2,389,141 shares during the last quarter. Point72 Asset Management L.P. grew its stake in shares of Anadarko Petroleum by 192.9% during the third quarter. Point72 Asset Management L.P. now owns 3,200,687 shares of the oil and gas development company’s stock valued at $215,758,000 after buying an additional 2,108,068 shares during the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of Anadarko Petroleum by 22.8% during the third quarter. Janus Henderson Group PLC now owns 7,350,604 shares of the oil and gas development company’s stock valued at $495,505,000 after buying an additional 1,363,271 shares during the last quarter. 83.62% of the stock is currently owned by hedge funds and other institutional investors.
Get Anadarko Petroleum alerts:Anadarko Petroleum stock opened at $44.76 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.41. The firm has a market cap of $21.83 billion, a price-to-earnings ratio of 19.33, a P/E/G ratio of 1.93 and a beta of 1.58. Anadarko Petroleum Co. has a twelve month low of $40.40 and a twelve month high of $76.70.
Anadarko Petroleum (NYSE:APC) last posted its earnings results on Tuesday, February 5th. The oil and gas development company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.19). The company had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.47 billion. Anadarko Petroleum had a return on equity of 10.14% and a net margin of 4.60%. The firm’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.18 EPS. Analysts anticipate that Anadarko Petroleum Co. will post 1.49 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 13th will be issued a dividend of $0.30 per share. The ex-dividend date is Tuesday, March 12th. This represents a $1.20 dividend on an annualized basis and a yield of 2.68%. Anadarko Petroleum’s dividend payout ratio is currently 53.10%.
A number of research analysts have recently commented on the company. MKM Partners assumed coverage on Anadarko Petroleum in a research note on Wednesday, December 5th. They set a “buy” rating and a $76.00 target price on the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $88.00 target price on shares of Anadarko Petroleum in a research note on Monday, November 12th. Mizuho reaffirmed a “buy” rating and set a $74.00 target price on shares of Anadarko Petroleum in a research note on Tuesday, December 4th. Capital One Financial cut Anadarko Petroleum from an “overweight” rating to an “equal weight” rating in a research note on Thursday, December 20th. Finally, Cowen initiated coverage on Anadarko Petroleum in a research note on Thursday, November 29th. They set an “outperform” rating and a $75.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $75.75.
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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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