Gratus Capital LLC Has $819,000 Stake in Anadarko Petroleum Corporation (APC)
Gratus Capital LLC lifted its holdings in shares of Anadarko Petroleum Corporation (NYSE:APC) by 79.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,770 shares of the oil and gas development company’s stock after purchasing an additional 7,420 shares during the quarter. Gratus Capital LLC’s holdings in Anadarko Petroleum Corporation were worth $819,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of APC. Fis Group Inc. purchased a new position in shares of Anadarko Petroleum Corporation in the 3rd quarter worth $107,000. Stelac Advisory Services LLC purchased a new position in shares of Anadarko Petroleum Corporation in the 3rd quarter worth $107,000. FNY Partners Fund LP raised its position in shares of Anadarko Petroleum Corporation by 2,900.0% in the 2nd quarter. FNY Partners Fund LP now owns 3,000 shares of the oil and gas development company’s stock worth $136,000 after buying an additional 2,900 shares during the period. Sun Life Financial INC raised its position in shares of Anadarko Petroleum Corporation by 1,363.4% in the 2nd quarter. Sun Life Financial INC now owns 3,000 shares of the oil and gas development company’s stock worth $136,000 after buying an additional 2,795 shares during the period. Finally, YorkBridge Wealth Partners LLC raised its position in shares of Anadarko Petroleum Corporation by 12.5% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 3,606 shares of the oil and gas development company’s stock worth $166,000 after buying an additional 402 shares during the period. Institutional investors and hedge funds own 88.68% of the company’s stock.
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Several research analysts recently weighed in on the company. Stifel Nicolaus cut their target price on Anadarko Petroleum Corporation from $73.00 to $72.00 and set a “buy” rating on the stock in a research report on Wednesday, November 1st. Scotiabank reissued a “buy” rating and issued a $62.00 price objective on shares of Anadarko Petroleum Corporation in a research report on Wednesday, November 1st. Atlantic Securities raised Anadarko Petroleum Corporation from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $49.05 to $62.00 in a research report on Friday, October 6th. Morgan Stanley set a $55.00 price objective on Anadarko Petroleum Corporation and gave the company a “hold” rating in a research report on Wednesday, October 18th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $57.00 price objective on shares of Anadarko Petroleum Corporation in a research report on Tuesday, October 10th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $67.27.
Shares of Anadarko Petroleum Corporation (NYSE APC) traded up $0.33 during midday trading on Thursday, hitting $48.35. The stock had a trading volume of 5,948,700 shares, compared to its average volume of 5,026,542. Anadarko Petroleum Corporation has a twelve month low of $39.96 and a twelve month high of $73.33. The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.03 and a current ratio of 2.03.
Anadarko Petroleum Corporation (NYSE:APC) last announced its earnings results on Tuesday, October 31st. The oil and gas development company reported ($0.77) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.56) by ($0.21). The business had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Anadarko Petroleum Corporation had a negative return on equity of 9.82% and a negative net margin of 17.13%. The firm’s revenue was up 31.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.89) earnings per share. equities research analysts anticipate that Anadarko Petroleum Corporation will post -2.24 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 27th. Investors of record on Wednesday, December 13th will be paid 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 yield of 0.41%. Anadarko Petroleum Corporation’s dividend payout ratio (DPR) is -5.63%.
Anadarko Petroleum Corporation declared that its board has approved a share buyback program on Wednesday, September 20th that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the oil and gas development company to repurchase up to 10% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.
Anadarko Petroleum Corporation 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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