Anadarko Petroleum Co. (NYSE:APC) Position Increased by Nordea Investment Management AB

Nordea Investment Management AB raised its stake in shares of Anadarko Petroleum Co. (NYSE:APC) by 8.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 677,768 shares of the oil and gas development company’s stock after buying an additional 54,242 shares during the quarter. Nordea Investment Management AB owned about 0.14% of Anadarko Petroleum worth $29,714,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Claybrook Capital LLC purchased a new position in Anadarko Petroleum during the 4th quarter valued at about $29,000. We Are One Seven LLC purchased a new position in shares of Anadarko Petroleum during the fourth quarter worth about $41,000. Legacy Bridge LLC purchased a new position in shares of Anadarko Petroleum during the fourth quarter worth about $43,000. Lindbrook Capital LLC purchased a new position in shares of Anadarko Petroleum during the fourth quarter worth about $43,000. Finally, Bremer Trust National Association purchased a new position in shares of Anadarko Petroleum during the fourth quarter worth about $47,000. 87.06% of the stock is owned by institutional investors and hedge funds.

Shares of Anadarko Petroleum stock traded up $0.15 during midday trading on Friday, reaching $64.18. 10,900,494 shares of the company’s stock traded hands, compared to its average volume of 12,938,078. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.41. The company has a market cap of $32.06 billion, a PE ratio of 28.40, a P/E/G ratio of 5.99 and a beta of 1.55. Anadarko Petroleum Co. has a 12 month low of $40.40 and a 12 month high of $76.70.

Anadarko Petroleum (NYSE:APC) last announced its earnings results on Tuesday, February 5th. The oil and gas development company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.19). The business had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.47 billion. Anadarko Petroleum had a net margin of 4.60% and a return on equity of 10.14%. Anadarko Petroleum’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.18 EPS. On average, research analysts anticipate that Anadarko Petroleum Co. will post 1.91 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 13th were issued 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 yield of 1.87%. Anadarko Petroleum’s dividend payout ratio (DPR) is 53.10%.

Several research analysts have recently commented on the company. ValuEngine raised Anadarko Petroleum from a “sell” rating to a “hold” rating in a report on Saturday, April 13th. Zacks Investment Research raised Anadarko Petroleum from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a research note on Tuesday, April 16th. Cowen reaffirmed a “buy” rating and issued a $71.00 target price on shares of Anadarko Petroleum in a research note on Wednesday. Guggenheim lowered Anadarko Petroleum from a “buy” rating to a “hold” rating and set a $69.00 target price for the company. in a research note on Friday, April 12th. Finally, Argus lowered Anadarko Petroleum from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th. One investment 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’s stock. The stock presently has an average rating of “Hold” and an average price target of $72.00.

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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).

Read More: Intrinsic Value

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

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