Hartford Financial Management Inc. increased its position in Anadarko Petroleum Co. (NYSE:APC) by 66.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,429 shares of the oil and gas development company’s stock after purchasing an additional 2,167 shares during the period. Hartford Financial Management Inc.’s holdings in Anadarko Petroleum were worth $238,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in Anadarko Petroleum by 11.8% in the 3rd quarter. BlackRock Inc. now owns 47,443,900 shares of the oil and gas development company’s stock worth $3,198,193,000 after purchasing an additional 5,004,406 shares in the last quarter. FMR LLC boosted its stake in Anadarko Petroleum by 9.2% in the 2nd quarter. FMR LLC now owns 23,949,562 shares of the oil and gas development company’s stock worth $1,754,305,000 after purchasing an additional 2,011,856 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Anadarko Petroleum by 1.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 8,079,505 shares of the oil and gas development company’s stock worth $544,639,000 after purchasing an additional 138,019 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Anadarko Petroleum by 22.8% in the 3rd quarter. Janus Henderson Group PLC now owns 7,350,604 shares of the oil and gas development company’s stock worth $495,505,000 after purchasing an additional 1,363,271 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in Anadarko Petroleum by 350.0% in the 3rd quarter. AQR Capital Management LLC now owns 5,737,992 shares of the oil and gas development company’s stock worth $386,798,000 after purchasing an additional 4,462,780 shares in the last quarter. Institutional investors own 85.03% of the company’s stock.
APC has been the topic of a number of analyst reports. Piper Jaffray Companies set a $98.00 price target on shares of Anadarko Petroleum and gave the stock a “buy” rating in a research note on Tuesday, October 23rd. Zacks Investment Research raised Anadarko Petroleum from a “sell” rating to a “hold” rating in a research report on Wednesday, January 9th. Morgan Stanley decreased their target price on Anadarko Petroleum from $83.00 to $76.00 and set a “hold” rating for the company in a research report on Tuesday, November 20th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Anadarko Petroleum in a research report on Friday, November 16th. Finally, Jefferies Financial Group decreased their target price on Anadarko Petroleum from $86.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, November 1st. Seven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Anadarko Petroleum currently has an average rating of “Buy” and a consensus target price of $77.20.
NYSE:APC traded down $0.76 during mid-day trading on Friday, reaching $41.84. The company’s stock had a trading volume of 10,272,176 shares, compared to its average volume of 5,003,758. Anadarko Petroleum Co. has a 12-month low of $40.40 and a 12-month high of $76.70. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.87 and a current ratio of 0.81. The firm has a market cap of $21.48 billion, a price-to-earnings ratio of 18.51, a price-to-earnings-growth ratio of 1.71 and a beta of 1.58.
Anadarko Petroleum (NYSE:APC) last released its quarterly earnings results on Tuesday, February 5th. The oil and gas development company reported $0.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.19). Anadarko Petroleum had a net margin of 4.60% and a return on equity of 10.14%. The business had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.47 billion. During the same period in the previous year, the company earned $0.18 EPS. Anadarko Petroleum’s revenue for the quarter was up 14.3% compared to the same quarter last year. As a group, research analysts predict that Anadarko Petroleum Co. will post 1.64 earnings per share for the current year.
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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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