OLD Mutual Customised Solutions Proprietary Ltd. Sells 1,700 Shares of Anadarko Petroleum Co. (NYSE:APC)

OLD Mutual Customised Solutions Proprietary Ltd. lessened its holdings in shares of Anadarko Petroleum Co. (NYSE:APC) by 13.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,600 shares of the oil and gas development company’s stock after selling 1,700 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in Anadarko Petroleum were worth $776,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Robeco Institutional Asset Management B.V. raised its stake in shares of Anadarko Petroleum by 258.0% during the first quarter. Robeco Institutional Asset Management B.V. now owns 65,409 shares of the oil and gas development company’s stock valued at $3,952,000 after acquiring an additional 47,140 shares in the last quarter. Aperio Group LLC raised its stake in shares of Anadarko Petroleum by 9.0% during the first quarter. Aperio Group LLC now owns 282,444 shares of the oil and gas development company’s stock valued at $17,062,000 after acquiring an additional 23,376 shares in the last quarter. Korea Investment CORP raised its stake in shares of Anadarko Petroleum by 78.8% during the first quarter. Korea Investment CORP now owns 391,885 shares of the oil and gas development company’s stock valued at $23,674,000 after acquiring an additional 172,698 shares in the last quarter. Tredje AP fonden raised its stake in shares of Anadarko Petroleum by 3.0% during the first quarter. Tredje AP fonden now owns 46,695 shares of the oil and gas development company’s stock valued at $2,821,000 after acquiring an additional 1,340 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its stake in shares of Anadarko Petroleum by 9.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 18,207 shares of the oil and gas development company’s stock valued at $1,100,000 after acquiring an additional 1,638 shares in the last quarter. Institutional investors and hedge funds own 86.25% of the company’s stock.

NYSE APC opened at $69.27 on Tuesday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.85 and a current ratio of 0.85. Anadarko Petroleum Co. has a 12-month low of $46.74 and a 12-month high of $76.70. The firm has a market capitalization of $34.52 billion, a price-to-earnings ratio of -35.38, a PEG ratio of 1.88 and a beta of 1.26.

Anadarko Petroleum (NYSE:APC) last released its quarterly earnings results on Tuesday, July 31st. The oil and gas development company reported $0.54 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.06). Anadarko Petroleum had a return on equity of 1.85% and a net margin of 3.63%. The firm had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.08 billion. During the same period in the prior year, the firm posted ($0.75) earnings per share. Anadarko Petroleum’s revenue for the quarter was up 21.2% compared to the same quarter last year. Sell-side analysts anticipate that Anadarko Petroleum Co. will post 2.96 EPS for the current year.

Anadarko Petroleum declared that its board has initiated a stock buyback program on Monday, July 9th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the oil and gas development company to repurchase up to 2.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 26th. Shareholders of record on Wednesday, September 12th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.44%. The ex-dividend date was Tuesday, September 11th. Anadarko Petroleum’s dividend payout ratio is currently -51.02%.

Several analysts have recently weighed in on the stock. Mitsubishi UFJ Financial Group lifted their price target on shares of Anadarko Petroleum to $92.00 and gave the company an “overweight” rating in a research note on Thursday, July 19th. Seaport Global Securities reissued a “buy” rating on shares of Anadarko Petroleum in a research note on Wednesday, July 25th. ValuEngine downgraded shares of Anadarko Petroleum from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Citigroup reduced their price objective on shares of Anadarko Petroleum from $76.00 to $74.00 and set a “neutral” rating for the company in a research note on Monday, August 13th. Finally, Morgan Stanley reduced their price objective on shares of Anadarko Petroleum from $86.00 to $82.00 and set a “hold” rating for the company in a research note on Tuesday, September 4th. Six investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $80.32.

About Anadarko Petroleum

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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