Short Interest in Anadarko Petroleum Co. (APC) Declines By 40.2%

Anadarko Petroleum Co. (NYSE:APC) was the recipient of a significant decline in short interest in April. As of April 15th, there was short interest totalling 7,679,427 shares, a decline of 40.2% from the March 29th total of 12,835,974 shares. Approximately 1.5% of the company’s stock are sold short. Based on an average daily trading volume, of 16,245,678 shares, the days-to-cover ratio is currently 0.5 days.

Shares of NYSE:APC traded down $0.12 during midday trading on Friday, reaching $72.61. The company’s stock had a trading volume of 11,076,217 shares, compared to its average volume of 9,435,111. The company has a market capitalization of $36.59 billion, a price-to-earnings ratio of 32.13, a P/E/G ratio of 4.16 and a beta of 1.83. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.77 and a quick ratio of 0.77. Anadarko Petroleum has a fifty-two week low of $40.40 and a fifty-two week high of $76.70.

Anadarko Petroleum (NYSE:APC) last announced its quarterly earnings data on Thursday, April 25th. The oil and gas development company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.23. Anadarko Petroleum had a return on equity of 10.24% and a net margin of 3.53%. The company had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $2.91 billion. During the same period in the previous year, the business earned $0.52 EPS. The firm’s revenue was up 5.7% compared to the same quarter last year. Analysts anticipate that Anadarko Petroleum will post 2.69 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Wednesday, June 12th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend is Tuesday, June 11th. Anadarko Petroleum’s payout ratio is 53.10%.

A number of institutional investors have recently modified their holdings of APC. IndexIQ Advisors LLC increased its holdings in Anadarko Petroleum by 3.3% during the 1st quarter. IndexIQ Advisors LLC now owns 4,990 shares of the oil and gas development company’s stock worth $227,000 after purchasing an additional 161 shares in the last quarter. Tocqueville Asset Management L.P. increased its holdings in Anadarko Petroleum by 1.0% during the 1st quarter. Tocqueville Asset Management L.P. now owns 17,500 shares of the oil and gas development company’s stock worth $796,000 after purchasing an additional 165 shares in the last quarter. Shine Investment Advisory Services Inc. increased its holdings in Anadarko Petroleum by 35.0% during the 1st quarter. Shine Investment Advisory Services Inc. now owns 675 shares of the oil and gas development company’s stock worth $31,000 after purchasing an additional 175 shares in the last quarter. Moors & Cabot Inc. increased its holdings in Anadarko Petroleum by 2.9% during the 1st quarter. Moors & Cabot Inc. now owns 6,307 shares of the oil and gas development company’s stock worth $287,000 after purchasing an additional 175 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV increased its holdings in Anadarko Petroleum by 0.3% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 62,992 shares of the oil and gas development company’s stock worth $2,865,000 after purchasing an additional 192 shares in the last quarter. 86.53% of the stock is owned by institutional investors and hedge funds.

Several analysts have issued reports on the stock. SunTrust Banks set a $55.00 price target on shares of Anadarko Petroleum and gave the stock a “hold” rating in a research report on Tuesday, January 29th. Credit Suisse Group decreased their target price on Anadarko Petroleum from $73.00 to $67.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 6th. Mitsubishi UFJ Financial Group dropped their price target on Anadarko Petroleum to $70.00 in a report on Thursday, February 7th. Mizuho reissued a “buy” rating and set a $55.00 price target on shares of Anadarko Petroleum in a report on Tuesday, February 12th. Finally, Guggenheim set a $69.00 price target on Anadarko Petroleum and gave the stock a “buy” rating in a report on Friday, February 22nd. One analyst has rated the stock with a sell rating, twenty-one have issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $70.14.

TRADEMARK VIOLATION NOTICE: This piece of content was published by Rockland Register and is the property of of Rockland Register. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States and international copyright law. The correct version of this piece of content can be read at https://rocklandregister.com/2019/05/18/anadarko-petroleum-co-apc-short-interest-update.html.

Anadarko Petroleum Company Profile

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).

See Also: What is insider trading?

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.