Thomas White International Ltd. Takes $294,000 Position in Anadarko Petroleum Co. (APC)

Thomas White International Ltd. acquired a new stake in Anadarko Petroleum Co. (NYSE:APC) during the first quarter, Holdings Channel reports. The institutional investor acquired 6,455 shares of the oil and gas development company’s stock, valued at approximately $294,000.

Several other hedge funds have also recently added to or reduced their stakes in APC. Kaizen Advisory LLC boosted its stake in shares of Anadarko Petroleum by 24.2% during the 4th quarter. Kaizen Advisory LLC now owns 1,390 shares of the oil and gas development company’s stock valued at $61,000 after purchasing an additional 271 shares in the last quarter. Precocity Capital LP bought a new stake in Anadarko Petroleum during the fourth quarter worth about $8,768,000. Folger Nolan Fleming Douglas Capital Management Inc. boosted its stake in Anadarko Petroleum by 4.1% during the first quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 9,344 shares of the oil and gas development company’s stock worth $425,000 after acquiring an additional 370 shares in the last quarter. HRT Financial LLC bought a new stake in Anadarko Petroleum during the fourth quarter worth about $440,000. Finally, Perella Weinberg Partners Capital Management LP boosted its stake in Anadarko Petroleum by 10.6% during the fourth quarter. Perella Weinberg Partners Capital Management LP now owns 765,721 shares of the oil and gas development company’s stock worth $33,569,000 after acquiring an additional 73,429 shares in the last quarter. Hedge funds and other institutional investors own 86.53% of the company’s stock.

Anadarko Petroleum stock traded down $0.33 during trading hours on Wednesday, hitting $72.45. The stock had a trading volume of 4,369,870 shares, compared to its average volume of 9,423,833. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a market capitalization of $36.46 billion, a PE ratio of 32.06, a price-to-earnings-growth ratio of 4.15 and a beta of 1.83. Anadarko Petroleum Co. has a 12-month low of $40.40 and a 12-month high of $76.70.

Anadarko Petroleum (NYSE:APC) last released its quarterly earnings data on Thursday, April 25th. The oil and gas development company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.23. Anadarko Petroleum had a net margin of 3.53% and a return on equity of 10.24%. The firm had revenue of $3.22 billion during the quarter, compared to analysts’ expectations of $2.91 billion. During the same period in the previous year, the company earned $0.52 earnings per share. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. As a group, equities research analysts forecast that Anadarko Petroleum Co. will post 2.74 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 12th will be issued a dividend of $0.30 per share. The ex-dividend date is Tuesday, June 11th. This represents a $1.20 annualized dividend and a dividend yield of 1.66%. Anadarko Petroleum’s payout ratio is 53.10%.

Several equities research analysts recently commented on the stock. Stifel Nicolaus lowered shares of Anadarko Petroleum from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $68.00 to $76.00 in a research note on Tuesday, May 7th. Sanford C. Bernstein lowered shares of Anadarko Petroleum from an “outperform” rating to a “market perform” rating and set a $72.55 price objective on the stock. in a research note on Tuesday, April 30th. MKM Partners lifted their target price on shares of Anadarko Petroleum to $73.00 and gave the stock a “neutral” rating in a report on Tuesday, April 30th. JPMorgan Chase & Co. cut shares of Anadarko Petroleum from an “overweight” rating to a “neutral” rating and set a $65.00 target price for the company. in a report on Monday, April 29th. Finally, Morgan Stanley lifted their target price on shares of Anadarko Petroleum from $60.00 to $75.00 and gave the stock an “equal weight” rating in a report on Thursday, May 16th. One analyst has rated the stock with a sell rating, twenty-two have assigned a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $70.19.

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About Anadarko Petroleum

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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