CWM Advisors LLC grew its position in shares of Anadarko Petroleum Co. (NYSE:APC) by 16.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,528 shares of the oil and gas development company’s stock after acquiring an additional 914 shares during the quarter. CWM Advisors LLC’s holdings in Anadarko Petroleum were worth $286,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Claybrook Capital LLC purchased a new stake in Anadarko Petroleum during the 4th quarter worth about $29,000. We Are One Seven LLC purchased a new stake in Anadarko Petroleum during the 4th quarter worth about $41,000. Legacy Bridge LLC purchased a new stake in Anadarko Petroleum during the 4th quarter worth about $43,000. Lindbrook Capital LLC bought a new position in Anadarko Petroleum in the 4th quarter worth about $43,000. Finally, Bremer Trust National Association bought a new position in Anadarko Petroleum in the 4th quarter worth about $47,000. Hedge funds and other institutional investors own 87.06% of the company’s stock.
APC has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Anadarko Petroleum from a “sell” rating to a “hold” rating in a research note on Wednesday, January 9th. Mitsubishi UFJ Financial Group decreased their target price on Anadarko Petroleum to $70.00 in a research note on Thursday, February 7th. Citigroup initiated coverage on Anadarko Petroleum in a research note on Tuesday, April 9th. They issued a “buy” rating on the stock. SunTrust Banks set a $55.00 target price on Anadarko Petroleum and gave the stock a “hold” rating in a research note on Tuesday, January 29th. Finally, Guggenheim lowered Anadarko Petroleum from a “buy” rating to a “hold” rating and set a $69.00 price objective on the stock. in a research report on Friday, April 12th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and thirteen have issued a buy rating to the company. Anadarko Petroleum currently has an average rating of “Hold” and a consensus target price of $72.00.
Anadarko Petroleum (NYSE:APC) last released its quarterly earnings data on Tuesday, February 5th. The oil and gas development company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.19). Anadarko Petroleum had a return on equity of 10.14% and a net margin of 4.60%. The business had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter last year, the business posted $0.18 EPS. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. Sell-side analysts predict that Anadarko Petroleum Co. will post 1.91 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 13th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend was Tuesday, March 12th. Anadarko Petroleum’s payout ratio is presently 53.10%.
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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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