Cobiz Wealth LLC Acquires 9,646 Shares of Anadarko Petroleum Co. (NYSE:APC)

Cobiz Wealth LLC raised its stake in Anadarko Petroleum Co. (NYSE:APC) by 17.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 65,397 shares of the oil and gas development company’s stock after buying an additional 9,646 shares during the period. Cobiz Wealth LLC’s holdings in Anadarko Petroleum were worth $3,061,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Claybrook Capital LLC purchased a new position in shares of Anadarko Petroleum during the 4th quarter valued at $29,000. We Are One Seven LLC bought a new stake in Anadarko Petroleum in the fourth quarter worth $41,000. Legacy Bridge LLC bought a new stake in Anadarko Petroleum in the fourth quarter worth $43,000. Lindbrook Capital LLC bought a new stake in Anadarko Petroleum in the fourth quarter worth $43,000. Finally, Bremer Trust National Association bought a new stake in Anadarko Petroleum in the fourth quarter worth $47,000. 87.16% of the stock is currently owned by institutional investors.

Shares of APC opened at $72.72 on Friday. The stock has a market cap of $36.33 billion, a PE ratio of 32.04, a P/E/G ratio of 4.47 and a beta of 1.83. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.81 and a quick ratio of 0.81. Anadarko Petroleum Co. has a 52 week low of $40.40 and a 52 week high of $76.70.

Anadarko Petroleum (NYSE:APC) last announced its quarterly earnings data on Thursday, April 25th. The oil and gas development company reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.23. The business had revenue of $3.22 billion during the quarter, compared to analyst estimates of $2.91 billion. Anadarko Petroleum had a net margin of 3.53% and a return on equity of 10.09%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.52 earnings per share. Equities analysts predict that Anadarko Petroleum Co. will post 2.5 EPS for the current year.

APC has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Anadarko Petroleum from a “sell” rating to a “hold” rating in a report on Wednesday, January 9th. Tudor Pickering cut shares of Anadarko Petroleum from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Mizuho reiterated a “buy” rating and issued a $55.00 price objective on shares of Anadarko Petroleum in a report on Tuesday, February 12th. Mitsubishi UFJ Financial Group decreased their price objective on shares of Anadarko Petroleum to $70.00 in a report on Thursday, February 7th. Finally, SunTrust Banks set a $55.00 price target on shares of Anadarko Petroleum and gave the company a “hold” rating in a report on Tuesday, January 29th. One equities research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and ten have issued a buy rating to the company. Anadarko Petroleum presently has a consensus rating of “Hold” and an average target price of $69.81.

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

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