AlphaCrest Capital Management LLC Takes $692,000 Position in Anadarko Petroleum Co. (NYSE:APC)

AlphaCrest Capital Management LLC purchased a new stake in shares of Anadarko Petroleum Co. (NYSE:APC) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,217 shares of the oil and gas development company’s stock, valued at approximately $692,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Liberty Wealth Management LLC boosted its holdings in shares of Anadarko Petroleum by 78.6% during the 1st quarter. Liberty Wealth Management LLC now owns 552 shares of the oil and gas development company’s stock worth $25,000 after buying an additional 243 shares during the period. Enterprise Financial Services Corp boosted its holdings in shares of Anadarko Petroleum by 103.7% during the 1st quarter. Enterprise Financial Services Corp now owns 546 shares of the oil and gas development company’s stock worth $25,000 after buying an additional 278 shares during the period. Claybrook Capital LLC bought a new stake in shares of Anadarko Petroleum during the 4th quarter worth about $29,000. Shine Investment Advisory Services Inc. boosted its holdings in shares of 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 buying an additional 175 shares during the period. Finally, First Interstate Bank boosted its holdings in shares of Anadarko Petroleum by 797.8% during the 1st quarter. First Interstate Bank now owns 808 shares of the oil and gas development company’s stock worth $37,000 after buying an additional 718 shares during the period. Institutional investors own 85.66% of the company’s stock.

A number of research firms have issued reports on APC. Cowen reissued a “buy” rating and issued a $71.00 price objective on shares of Anadarko Petroleum in a report on Wednesday, April 17th. Seaport Global Securities downgraded shares of Anadarko Petroleum from a “buy” rating to a “neutral” rating and set a $71.60 price objective for the company. in a report on Wednesday, May 29th. MKM Partners boosted their target price on shares of Anadarko Petroleum to $73.00 and gave the company a “neutral” rating in a research report on Tuesday, April 30th. Citigroup began coverage on shares of Anadarko Petroleum in a research report on Monday, April 1st. They issued a “buy” rating and a $65.00 target price for the company. Finally, Susquehanna Bancshares restated a “neutral” rating and issued a $65.00 target price (up from $62.00) on shares of Anadarko Petroleum in a research report on Wednesday, April 17th. One analyst has rated the stock with a sell rating, twenty-three have issued a hold rating and five have issued a buy rating to the stock. Anadarko Petroleum has an average rating of “Hold” and an average price target of $70.25.

Shares of NYSE:APC traded up $0.13 during trading on Monday, reaching $70.69. The stock had a trading volume of 5,005,371 shares, compared to its average volume of 9,423,042. The business’s fifty day moving average is $71.00. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.51. Anadarko Petroleum Co. has a 52 week low of $40.40 and a 52 week high of $76.70. The stock has a market capitalization of $35.70 billion, a PE ratio of 31.28, a price-to-earnings-growth ratio of 4.15 and a beta of 1.63.

Anadarko Petroleum (NYSE:APC) last issued its earnings results on Thursday, April 25th. The oil and gas development company reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.23. Anadarko Petroleum had a net margin of 3.53% and a return on equity of 10.24%. The business had revenue of $3.22 billion for the quarter, compared to analyst estimates of $2.91 billion. During the same period in the prior year, the firm earned $0.52 earnings per share. Anadarko Petroleum’s revenue was up 5.7% on a year-over-year basis. As a group, research analysts predict that Anadarko Petroleum Co. will post 2.62 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 12th were issued a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, June 11th. This represents a $1.20 annualized dividend and a dividend yield of 1.70%. Anadarko Petroleum’s dividend payout ratio is currently 53.10%.

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).

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Institutional Ownership by Quarter for Anadarko Petroleum (NYSE:APC)

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