Stone Ridge Asset Management LLC Makes New $15.88 Million Investment in Anadarko Petroleum Co. (NYSE:APC)

Stone Ridge Asset Management LLC purchased a new position in shares of Anadarko Petroleum Co. (NYSE:APC) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 225,001 shares of the oil and gas development company’s stock, valued at approximately $15,877,000. Anadarko Petroleum makes up about 0.9% of Stone Ridge Asset Management LLC’s investment portfolio, making the stock its 11th largest position.

Other hedge funds have also modified their holdings of the company. Clearbridge Investments LLC grew its stake in shares of Anadarko Petroleum by 2.7% in the 1st quarter. Clearbridge Investments LLC now owns 23,289,436 shares of the oil and gas development company’s stock worth $1,059,204,000 after purchasing an additional 601,916 shares during the last quarter. Geode Capital Management LLC lifted its stake in Anadarko Petroleum by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 5,868,766 shares of the oil and gas development company’s stock valued at $256,783,000 after acquiring an additional 88,243 shares during the last quarter. American Century Companies Inc. lifted its stake in Anadarko Petroleum by 21.0% in the first quarter. American Century Companies Inc. now owns 4,240,987 shares of the oil and gas development company’s stock valued at $192,880,000 after acquiring an additional 735,388 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Anadarko Petroleum by 5.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,098,627 shares of the oil and gas development company’s stock valued at $135,840,000 after acquiring an additional 154,340 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Anadarko Petroleum by 1.6% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,090,386 shares of the oil and gas development company’s stock valued at $95,071,000 after purchasing an additional 33,329 shares during the period. 85.17% of the stock is currently owned by institutional investors and hedge funds.

APC has been the topic of a number of research reports. MKM Partners boosted their target price on shares of Anadarko Petroleum to $73.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 30th. Seaport Global Securities downgraded shares of Anadarko Petroleum from a “buy” rating to a “neutral” rating and set a $71.60 target price on the stock. in a research note on Wednesday, May 29th. Tudor Pickering downgraded shares of Anadarko Petroleum from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. Morgan Stanley upped their price target on shares of Anadarko Petroleum from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 16th. Finally, 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 report on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, twenty-three have assigned a hold rating and five have issued a buy rating to the company. Anadarko Petroleum currently has a consensus rating of “Hold” and a consensus target price of $70.25.

Shares of NYSE:APC remained flat at $$72.77 during midday trading on Friday. The company had a trading volume of 44,791,047 shares, compared to its average volume of 6,979,022. The company has a market capitalization of $36.56 billion, a price-to-earnings ratio of 32.20, a price-to-earnings-growth ratio of 5.64 and a beta of 1.64. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.95. The business’s 50 day moving average price is $72.85 and its two-hundred day moving average price is $62.35. Anadarko Petroleum Co. has a 12 month low of $40.40 and a 12 month high of $76.23.

Anadarko Petroleum (NYSE:APC) last announced its earnings results on Friday, July 26th. The oil and gas development company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.04). The business had revenue of $3.44 billion during the quarter, compared to the consensus estimate of $3.31 billion. Anadarko Petroleum had a positive return on equity of 10.49% and a negative net margin of 4.20%. Anadarko Petroleum’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.54 earnings per share. As a group, equities analysts anticipate that Anadarko Petroleum Co. will post 1.97 earnings per share for the current year.

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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