One68 Global Capital LLC Takes Position in Anadarko Petroleum Co. (NYSE:APC)

One68 Global Capital LLC purchased a new stake in Anadarko Petroleum Co. (NYSE:APC) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 272,668 shares of the oil and gas development company’s stock, valued at approximately $19,239,000. Anadarko Petroleum comprises approximately 24.2% of One68 Global Capital LLC’s investment portfolio, making the stock its 2nd largest position. One68 Global Capital LLC owned approximately 0.05% of Anadarko Petroleum as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ruggie Capital Group acquired a new position in Anadarko Petroleum during the 2nd quarter worth about $34,000. Enterprise Financial Services Corp increased its holdings in Anadarko Petroleum by 103.7% during the 1st quarter. Enterprise Financial Services Corp now owns 546 shares of the oil and gas development company’s stock worth $25,000 after purchasing an additional 278 shares during the period. Berman Capital Advisors LLC increased its holdings in Anadarko Petroleum by 39.9% during the 2nd quarter. Berman Capital Advisors LLC now owns 554 shares of the oil and gas development company’s stock worth $39,000 after purchasing an additional 158 shares during the period. Versant Capital Management Inc increased its holdings in Anadarko Petroleum by 123.6% during the 2nd quarter. Versant Capital Management Inc now owns 577 shares of the oil and gas development company’s stock worth $40,000 after purchasing an additional 319 shares during the period. Finally, Kavar Capital Partners LLC purchased a new stake in Anadarko Petroleum during the 2nd quarter worth about $50,000. 85.17% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have weighed in on APC shares. Stifel Nicolaus downgraded Anadarko Petroleum from a “buy” rating to a “hold” rating and upped their price target for the stock from $68.00 to $76.00 in a report on Tuesday, May 7th. Credit Suisse Group downgraded Anadarko Petroleum from an “outperform” rating to a “neutral” rating in a report on Monday, May 13th. Cowen downgraded Anadarko Petroleum from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $71.00 to $72.00 in a report on Wednesday, May 22nd. Seaport Global Securities downgraded Anadarko Petroleum from a “buy” rating to a “neutral” rating and set a $71.60 price target on the stock. in a report on Wednesday, May 29th. Finally, MKM Partners upped their price target on Anadarko Petroleum to $73.00 and gave the stock a “neutral” rating in a report on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, twenty-three have given a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $70.25.

Shares of APC remained flat at $$72.77 during mid-day trading on Friday. The stock had a trading volume of 44,791,047 shares, compared to its average volume of 6,979,022. Anadarko Petroleum Co. has a fifty-two week low of $40.40 and a fifty-two week high of $76.23. The firm has a market capitalization of $36.56 billion, a PE ratio of 32.20, a PEG ratio of 5.64 and a beta of 1.64. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.95. The firm’s 50-day moving average price is $72.85 and its 200 day moving average price is $62.35.

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

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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