Lake Street Financial LLC Buys Shares of 20,879 Anadarko Petroleum Co. (APC)

Lake Street Financial LLC purchased a new position in shares of Anadarko Petroleum Co. (NYSE:APC) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 20,879 shares of the oil and gas development company’s stock, valued at approximately $950,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. DNB Asset Management AS lifted its holdings in Anadarko Petroleum by 15.0% during the 1st quarter. DNB Asset Management AS now owns 2,215,902 shares of the oil and gas development company’s stock worth $100,779,000 after purchasing an additional 289,624 shares during the last quarter. Pacer Advisors Inc. bought a new stake in Anadarko Petroleum during the 1st quarter worth $1,909,000. Triangle Securities Wealth Management grew its position in Anadarko Petroleum by 5.5% during the 1st quarter. Triangle Securities Wealth Management now owns 7,553 shares of the oil and gas development company’s stock worth $344,000 after acquiring an additional 395 shares during the last quarter. Bank of The West grew its position in Anadarko Petroleum by 14.9% during the 1st quarter. Bank of The West now owns 64,635 shares of the oil and gas development company’s stock worth $2,940,000 after acquiring an additional 8,381 shares during the last quarter. Finally, Heritage Investors Management Corp grew its position in shares of Anadarko Petroleum by 24.0% in the 1st quarter. Heritage Investors Management Corp now owns 128,023 shares of the oil and gas development company’s stock valued at $5,822,000 after buying an additional 24,750 shares during the last quarter. 87.16% of the stock is currently owned by institutional investors.

APC opened at $72.72 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.41. The stock has a market capitalization of $35.74 billion, a PE ratio of 32.18, a P/E/G ratio of 4.73 and a beta of 1.82. Anadarko Petroleum Co. has a 12 month low of $40.40 and a 12 month high of $76.70.

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. The company had revenue of $3.22 billion for the quarter, compared to analysts’ expectations of $2.91 billion. Anadarko Petroleum had a return on equity of 10.09% and a net margin of 3.53%. Anadarko Petroleum’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the firm earned $0.52 earnings per share. On average, analysts predict that Anadarko Petroleum Co. will post 2.37 earnings per share for the current year.

A number of equities research analysts have commented on APC shares. Piper Jaffray Companies lowered Anadarko Petroleum from an “overweight” rating to a “neutral” rating and set a $65.00 price target on the stock. in a research report on Monday, April 22nd. Jefferies Financial Group lowered Anadarko Petroleum from a “buy” rating to a “hold” rating and set a $79.00 target price on the stock. in a research report on Thursday, April 25th. Zacks Investment Research raised Anadarko Petroleum from a “sell” rating to a “hold” rating in a research note on Wednesday, January 9th. Tudor Pickering lowered Anadarko Petroleum from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Finally, Johnson Rice lowered Anadarko Petroleum from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $69.81.

ILLEGAL ACTIVITY WARNING: This article was posted by Baseball Daily News and is owned by of Baseball Daily News. If you are reading this article on another site, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this article can be viewed at https://www.baseballdailydigest.com/news/2019/05/04/lake-street-financial-llc-invests-950000-in-anadarko-petroleum-co-apc.html.

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).

Recommended Story: Certificate of Deposit (CD)

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

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.