Investors Buy Anadarko Petroleum (APC) on Weakness

Investors bought shares of Anadarko Petroleum Co. (NYSE:APC) on weakness during trading on Thursday. $101.02 million flowed into the stock on the tick-up and $55.76 million flowed out of the stock on the tick-down, for a money net flow of $45.26 million into the stock. Of all stocks tracked, Anadarko Petroleum had the 23rd highest net in-flow for the day. Anadarko Petroleum traded down ($1.27) for the day and closed at $69.06

APC has been the subject of several analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $76.00 price target (up previously from $73.00) on shares of Anadarko Petroleum in a research note on Wednesday, February 7th. Credit Suisse Group raised their price target on shares of Anadarko Petroleum from $71.00 to $74.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Zacks Investment Research raised shares of Anadarko Petroleum from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a research note on Wednesday, February 14th. Piper Jaffray Companies set a $72.00 price target on shares of Anadarko Petroleum and gave the company a “buy” rating in a research note on Sunday, February 11th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $78.00 price target on shares of Anadarko Petroleum in a research note on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eighteen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $67.60.

The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market capitalization of $36.32 billion, a P/E ratio of -35.23, a price-to-earnings-growth ratio of 2.65 and a beta of 1.26.

Anadarko Petroleum (NYSE:APC) last posted its quarterly earnings results on Tuesday, May 1st. The oil and gas development company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.09. The business had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $3.14 billion. Anadarko Petroleum had a negative net margin of 0.15% and a negative return on equity of 3.44%. The business’s quarterly revenue was down 19.2% on a year-over-year basis. During the same period last year, the company posted ($0.60) earnings per share. equities research analysts forecast that Anadarko Petroleum Co. will post 2.66 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 27th. Shareholders of record on Wednesday, June 13th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Tuesday, June 12th. Anadarko Petroleum’s payout ratio is -51.02%.

Anadarko Petroleum announced that its board has approved a share repurchase program on Wednesday, February 7th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the oil and gas development company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.

A number of large investors have recently bought and sold shares of APC. Boston Partners grew its holdings in Anadarko Petroleum by 63.1% in the first quarter. Boston Partners now owns 7,176,573 shares of the oil and gas development company’s stock worth $433,537,000 after purchasing an additional 2,777,166 shares during the period. Franklin Resources Inc. grew its holdings in Anadarko Petroleum by 13.1% in the fourth quarter. Franklin Resources Inc. now owns 14,853,841 shares of the oil and gas development company’s stock worth $796,760,000 after purchasing an additional 1,723,576 shares during the period. Summit Trail Advisors LLC lifted its stake in shares of Anadarko Petroleum by 5,171.5% in the first quarter. Summit Trail Advisors LLC now owns 1,402,633 shares of the oil and gas development company’s stock valued at $1,403,000 after buying an additional 1,376,025 shares in the last quarter. Virtus Fund Advisers LLC lifted its stake in shares of Anadarko Petroleum by 2,503.4% in the fourth quarter. Virtus Fund Advisers LLC now owns 1,155,716 shares of the oil and gas development company’s stock valued at $61,993,000 after buying an additional 1,111,324 shares in the last quarter. Finally, Mackenzie Financial Corp bought a new position in shares of Anadarko Petroleum in the fourth quarter valued at $55,469,000. Institutional investors and hedge funds own 89.21% of the company’s stock.

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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