DNB Asset Management AS trimmed its holdings in Anadarko Petroleum Co. (NYSE:APC) by 97.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,842 shares of the oil and gas development company’s stock after selling 2,160,060 shares during the quarter. DNB Asset Management AS’s holdings in Anadarko Petroleum were worth $3,940,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of APC. Norges Bank acquired a new position in Anadarko Petroleum during the fourth quarter worth $245,766,000. FMR LLC raised its stake in Anadarko Petroleum by 12.1% during the fourth quarter. FMR LLC now owns 20,868,184 shares of the oil and gas development company’s stock worth $914,861,000 after acquiring an additional 2,251,077 shares in the last quarter. American Century Companies Inc. raised its stake in Anadarko Petroleum by 21.0% during the first quarter. American Century Companies Inc. now owns 4,240,987 shares of the oil and gas development company’s stock worth $192,880,000 after acquiring an additional 735,388 shares in the last quarter. Clearbridge Investments LLC raised its stake in Anadarko Petroleum by 2.7% during the first 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 acquiring an additional 601,916 shares in the last quarter. Finally, Marshall Wace North America L.P. raised its stake in Anadarko Petroleum by 3,196.1% during the first quarter. Marshall Wace North America L.P. now owns 575,902 shares of the oil and gas development company’s stock worth $26,191,000 after acquiring an additional 558,430 shares in the last quarter. 85.17% of the stock is owned by institutional investors.
Anadarko Petroleum stock 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 stock has a market capitalization of $36.56 billion, a PE ratio of 32.20, a P/E/G ratio of 5.64 and a beta of 1.64. Anadarko Petroleum Co. has a 1-year low of $40.40 and a 1-year high of $76.23. The company’s fifty day moving average is $72.58 and its two-hundred day moving average is $61.69. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.95.Anadarko Petroleum (NYSE:APC) last posted its quarterly earnings results on Friday, July 26th. The oil and gas development company reported $0.51 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.04). The company had revenue of $3.44 billion for the quarter, compared to analyst estimates of $3.31 billion. Anadarko Petroleum had a positive return on equity of 10.49% and a negative net margin of 4.20%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the firm earned $0.54 EPS. As a group, equities analysts anticipate that Anadarko Petroleum Co. will post 1.97 EPS for the current year.
A number of analysts have recently weighed in on APC shares. Stifel Nicolaus lowered Anadarko Petroleum from a “buy” rating to a “hold” rating and raised their target price for the company from $68.00 to $76.00 in a research note on Tuesday, May 7th. Piper Jaffray Companies lowered Anadarko Petroleum from an “overweight” rating to a “neutral” rating and set a $65.00 target price for the company. in a research note on Monday, April 22nd. Tudor Pickering cut Anadarko Petroleum from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Johnson Rice cut Anadarko Petroleum from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Finally, Morgan Stanley raised their price target on Anadarko Petroleum from $60.00 to $75.00 and gave the company an “equal weight” rating in a report on Thursday, May 16th. One investment analyst has rated the stock with a sell rating, twenty-three have issued a hold rating and five have issued a buy rating to the company. Anadarko Petroleum presently has a consensus rating of “Hold” and an average price target of $70.25.
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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