Envestnet Asset Management Inc. boosted its stake in Anadarko Petroleum Co. (NYSE:APC) by 20.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 225,187 shares of the oil and gas development company’s stock after acquiring an additional 38,071 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Anadarko Petroleum were worth $10,242,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of APC. Norges Bank bought a new stake in Anadarko Petroleum in the 4th quarter valued at about $245,766,000. Millennium Management LLC lifted its holdings in shares of Anadarko Petroleum by 1,550.8% during the 4th quarter. Millennium Management LLC now owns 5,295,821 shares of the oil and gas development company’s stock worth $232,169,000 after acquiring an additional 4,975,016 shares during the period. Harris Associates L P lifted its holdings in shares of Anadarko Petroleum by 49.9% during the 4th quarter. Harris Associates L P now owns 13,514,955 shares of the oil and gas development company’s stock worth $592,496,000 after acquiring an additional 4,500,125 shares during the period. Oregon Public Employees Retirement Fund increased its position in Anadarko Petroleum by 4,230.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,445,614 shares of the oil and gas development company’s stock worth $56,000 after purchasing an additional 2,389,141 shares in the last quarter. Finally, FMR LLC increased its position in Anadarko Petroleum by 12.1% during the 4th quarter. FMR LLC now owns 20,868,184 shares of the oil and gas development company’s stock worth $914,861,000 after purchasing an additional 2,251,077 shares in the last quarter. 85.66% of the stock is currently owned by institutional investors and hedge funds.
APC has been the subject of a number of research analyst reports. Tudor Pickering cut shares of Anadarko Petroleum from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. MKM Partners restated a “neutral” rating and issued a $65.00 price target (down from $66.00) on shares of Anadarko Petroleum in a research report on Monday, April 15th. Mizuho cut shares of Anadarko Petroleum from a “buy” rating to a “neutral” rating and set a $51.00 price target for the company. in a research report on Tuesday, March 19th. Argus cut shares of Anadarko Petroleum from a “buy” rating to a “hold” rating in a research report on Tuesday, April 16th. Finally, Zacks Investment Research upgraded shares of Anadarko Petroleum from a “sell” rating to a “hold” rating in a research report on Tuesday, March 12th. One research analyst has rated the stock with a sell rating, twenty-three have given a hold rating and five have issued a buy rating to the company’s stock. Anadarko Petroleum presently has an average rating of “Hold” and an average target price of $70.25.
Anadarko Petroleum (NYSE:APC) last posted 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 return on equity of 10.24% and a net margin of 3.53%. The firm had revenue of $3.22 billion for the quarter, compared to analyst estimates of $2.91 billion. During the same quarter in the prior year, the company earned $0.52 EPS. Anadarko Petroleum’s revenue was up 5.7% on a year-over-year basis. On average, research analysts predict that Anadarko Petroleum Co. will post 2.62 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 12th were issued a dividend of $0.30 per share. The ex-dividend date was Tuesday, June 11th. This represents a $1.20 annualized dividend and a yield of 1.70%. Anadarko Petroleum’s dividend payout ratio (DPR) is 53.10%.
Anadarko Petroleum 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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