Velanne Asset Management Ltd Purchases 2,788 Shares of Anadarko Petroleum Co. (NYSE:APC)

Velanne Asset Management Ltd increased its position in Anadarko Petroleum Co. (NYSE:APC) by 4.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 71,066 shares of the oil and gas development company’s stock after acquiring an additional 2,788 shares during the period. Anadarko Petroleum makes up 2.2% of Velanne Asset Management Ltd’s portfolio, making the stock its 20th biggest position. Velanne Asset Management Ltd’s holdings in Anadarko Petroleum were worth $3,232,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Claybrook Capital LLC bought a new position in shares of Anadarko Petroleum in the fourth quarter valued at approximately $29,000. Shine Investment Advisory Services Inc. raised its position in shares of Anadarko Petroleum by 35.0% in the first quarter. Shine Investment Advisory Services Inc. now owns 675 shares of the oil and gas development company’s stock valued at $31,000 after purchasing an additional 175 shares during the period. We Are One Seven LLC bought a new position in shares of Anadarko Petroleum in the fourth quarter valued at approximately $41,000. Legacy Bridge LLC acquired a new stake in shares of Anadarko Petroleum in the fourth quarter worth $43,000. Finally, Lindbrook Capital LLC acquired a new stake in shares of Anadarko Petroleum in the fourth quarter worth $43,000. 86.56% of the stock is currently owned by institutional investors and hedge funds.

Anadarko Petroleum stock opened at $73.39 on Friday. 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 1 year low of $40.40 and a 1 year high of $76.70. The stock has a market cap of $37.85 billion, a PE ratio of 32.47, a P/E/G ratio of 4.47 and a beta of 1.83.

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

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus downgraded shares of Anadarko Petroleum from a “buy” rating to a “hold” rating and raised their price objective for the stock from $68.00 to $76.00 in a research note on Tuesday. MKM Partners lifted their price target on shares of Anadarko Petroleum to $73.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 30th. Sanford C. Bernstein downgraded shares of Anadarko Petroleum from an “outperform” rating to a “market perform” rating and set a $72.55 price target on the stock. in a research note on Tuesday, April 30th. JPMorgan Chase & Co. downgraded shares of Anadarko Petroleum from an “overweight” rating to a “neutral” rating and set a $65.00 price target on the stock. in a research note on Monday, April 29th. Finally, Tudor Pickering downgraded shares of Anadarko Petroleum from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, twenty have given a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $70.19.

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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).

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

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