Anadarko Petroleum Co. (APC) Shares Sold by Northstar Investment Advisors LLC
Northstar Investment Advisors LLC cut its holdings in shares of Anadarko Petroleum Co. (NYSE:APC) by 11.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,835 shares of the oil and gas development company’s stock after selling 1,000 shares during the period. Northstar Investment Advisors LLC’s holdings in Anadarko Petroleum were worth $383,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Quantbot Technologies LP grew its position in Anadarko Petroleum by 78.6% during the 3rd quarter. Quantbot Technologies LP now owns 121,433 shares of the oil and gas development company’s stock worth $5,932,000 after acquiring an additional 53,448 shares during the last quarter. NBT Bank N A NY bought a new position in Anadarko Petroleum in the 3rd quarter valued at $203,000. Bank Hapoalim BM bought a new position in Anadarko Petroleum in the 3rd quarter valued at $654,000. Sigma Investment Counselors Inc. boosted its position in Anadarko Petroleum by 2.8% in the 3rd quarter. Sigma Investment Counselors Inc. now owns 40,400 shares of the oil and gas development company’s stock valued at $1,974,000 after buying an additional 1,086 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in Anadarko Petroleum by 0.7% in the 3rd quarter. Rhumbline Advisers now owns 968,170 shares of the oil and gas development company’s stock valued at $47,295,000 after buying an additional 7,095 shares during the last quarter. Institutional investors and hedge funds own 88.68% of the company’s stock.
A number of brokerages have commented on APC. Scotiabank set a $64.00 price objective on Anadarko Petroleum and gave the company a “buy” rating in a research report on Friday. BMO Capital Markets upgraded Anadarko Petroleum from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $53.00 to $57.00 in a research report on Friday. Stifel Nicolaus decreased their price objective on Anadarko Petroleum from $73.00 to $72.00 and set a “buy” rating on the stock in a research report on Wednesday, November 1st. Morgan Stanley set a $55.00 price target on Anadarko Petroleum and gave the stock a “hold” rating in a research report on Wednesday, October 18th. Finally, Cowen and Company set a $60.00 price target on Anadarko Petroleum and gave the stock a “buy” rating in a research report on Monday, October 16th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. Anadarko Petroleum presently has a consensus rating of “Buy” and an average target price of $67.18.
Shares of Anadarko Petroleum Co. (NYSE:APC) traded up $0.10 during trading hours on Monday, hitting $48.25. The stock had a trading volume of 1,122,893 shares, compared to its average volume of 5,027,613. Anadarko Petroleum Co. has a 12 month low of $39.96 and a 12 month high of $73.33. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.03 and a quick ratio of 2.03.
Anadarko Petroleum (NYSE:APC) last issued its quarterly earnings data on Tuesday, October 31st. The oil and gas development company reported ($0.77) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.21). Anadarko Petroleum had a negative return on equity of 25.27% and a negative net margin of 24.56%. The firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the prior year, the firm earned ($0.89) EPS. The company’s revenue was up 31.9% on a year-over-year basis. sell-side analysts predict that Anadarko Petroleum Co. will post -2.23 earnings per share for the current fiscal year.
Anadarko Petroleum announced that its board has authorized a share repurchase plan on Wednesday, September 20th that allows the company to repurchase $2.50 billion in shares. This repurchase authorization allows the oil and gas development company to purchase up to 10% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 27th. Stockholders of record on Wednesday, December 13th will be given a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.41%. Anadarko Petroleum’s payout ratio is -5.65%.
Anadarko Petroleum Company Profile
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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