Boston Partners lessened its stake in Anadarko Petroleum Co. (NYSE:APC) by 36.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,537,089 shares of the oil and gas development company’s stock after selling 2,639,484 shares during the period. Boston Partners owned about 0.89% of Anadarko Petroleum worth $332,342,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. NN Investment Partners Holdings N.V. bought a new stake in shares of Anadarko Petroleum in the 2nd quarter valued at about $182,000. Kiley Juergens Wealth Management LLC bought a new position in Anadarko Petroleum during the 2nd quarter valued at approximately $182,000. Compton Capital Management Inc. RI bought a new position in Anadarko Petroleum during the 1st quarter valued at approximately $208,000. Fayez Sarofim & Co bought a new position in Anadarko Petroleum during the 1st quarter valued at approximately $213,000. Finally, Leavell Investment Management Inc. bought a new position in Anadarko Petroleum during the 2nd quarter valued at approximately $214,000. 88.28% of the stock is owned by institutional investors.
A number of research firms have commented on APC. SunTrust Banks began coverage on Anadarko Petroleum in a research report on Friday, May 18th. They set a “hold” rating and a $70.00 price target for the company. Credit Suisse Group set a $84.00 price target on Anadarko Petroleum and gave the company a “buy” rating in a research report on Monday, July 2nd. Susquehanna Bancshares lowered their price target on Anadarko Petroleum from $93.00 to $91.00 and set a “positive” rating for the company in a research report on Wednesday, August 1st. Seaport Global Securities reaffirmed a “buy” rating on shares of Anadarko Petroleum in a research report on Wednesday, July 25th. Finally, Bank of America set a $100.00 price target on Anadarko Petroleum and gave the company a “buy” rating in a research report on Tuesday, July 31st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and seventeen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $77.45.
Shares of Anadarko Petroleum opened at $66.06 on Friday, Marketbeat.com reports. Anadarko Petroleum Co. has a 52-week low of $39.96 and a 52-week high of $76.70. The company has a market capitalization of $33.05 billion, a PE ratio of 137.32, a PEG ratio of 2.13 and a beta of 1.27. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.85 and a quick ratio of 0.85.
Anadarko Petroleum (NYSE:APC) last announced its earnings results on Tuesday, July 31st. The oil and gas development company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.06). Anadarko Petroleum had a return on equity of 1.85% and a net margin of 3.63%. The firm had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.08 billion. During the same period in the prior year, the company posted ($0.75) EPS. The firm’s revenue was up 21.2% on a year-over-year basis. equities research analysts forecast that Anadarko Petroleum Co. will post 3.04 EPS for the current year.
Anadarko Petroleum declared that its Board of Directors has initiated a stock repurchase program on Monday, July 9th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the oil and gas development company to buy up to 2.6% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.
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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