Traders Sell Shares of Anadarko Petroleum (APC) on Strength (APC)

Investors sold shares of Anadarko Petroleum Co. (NYSE:APC) on strength during trading hours on Monday. $232.06 million flowed into the stock on the tick-up and $282.56 million flowed out of the stock on the tick-down, for a money net flow of $50.50 million out of the stock. Of all companies tracked, Anadarko Petroleum had the 16th highest net out-flow for the day. Anadarko Petroleum traded up $0.48 for the day and closed at $62.26

Several equities research analysts have recently weighed in on APC shares. Capital One Financial cut shares of Anadarko Petroleum from an “overweight” rating to an “equal weight” rating in a research report on Thursday, December 20th. Societe Generale cut shares of Anadarko Petroleum from a “buy” rating to a “hold” rating in a research report on Friday. Mitsubishi UFJ Financial Group decreased their target price on shares of Anadarko Petroleum to $70.00 in a research report on Thursday, February 7th. Credit Suisse Group decreased their target price on shares of Anadarko Petroleum from $73.00 to $67.00 and set an “outperform” rating for the company in a research report on Wednesday, February 6th. Finally, SunTrust Banks set a $55.00 target price on shares of Anadarko Petroleum and gave the company a “hold” rating in a research report on Tuesday, January 29th. Thirteen investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Anadarko Petroleum currently has a consensus rating of “Buy” and a consensus price target of $73.84.

The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market cap of $23.38 billion, a PE ratio of 27.55, a P/E/G ratio of 2.33 and a beta of 1.55.

Anadarko Petroleum (NYSE:APC) last issued its quarterly earnings results on Tuesday, February 5th. The oil and gas development company reported $0.38 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.19). The company had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.47 billion. Anadarko Petroleum had a net margin of 4.60% and a return on equity of 10.14%. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS. Research analysts forecast that Anadarko Petroleum Co. will post 1.66 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 13th were paid a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.93%. Anadarko Petroleum’s payout ratio is currently 53.10%.

Large investors have recently added to or reduced their stakes in the company. Claybrook Capital LLC acquired a new stake in shares of Anadarko Petroleum in the fourth quarter worth $29,000. We Are One Seven LLC acquired a new stake in shares of Anadarko Petroleum in the fourth quarter worth $41,000. Legacy Bridge LLC acquired a new stake in shares of Anadarko Petroleum in the fourth quarter worth $43,000. Lindbrook Capital LLC acquired a new stake in shares of Anadarko Petroleum in the fourth quarter worth $43,000. Finally, Bremer Trust National Association acquired a new stake in shares of Anadarko Petroleum in the fourth quarter worth $47,000. Hedge funds and other institutional investors own 87.05% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Traders Sell Shares of Anadarko Petroleum (APC) on Strength (APC)” was originally reported by Baseball Daily News and is the property of of Baseball Daily News. If you are accessing this piece on another website, it was illegally copied and republished in violation of international copyright & trademark laws. The original version of this piece can be accessed at https://www.baseballdailydigest.com/news/2019/04/15/traders-sell-shares-of-anadarko-petroleum-apc-on-strength-apc.html.

Anadarko Petroleum Company Profile (NYSE:APC)

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).

Featured Story: What is a Real Estate Investment Trust (REIT)?

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.