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Garrison Asset Management LLC Lowers Stock Position in Anadarko Petroleum Co. (NYSE:APC)

By August 23, 2019 No Comments

Garrison Asset Management LLC reduced its position in Anadarko Petroleum Co. (NYSE:APC) by 4.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 36,520 shares of the oil and gas development company’s stock after selling 1,548 shares during the period. Garrison Asset Management LLC’s holdings in Anadarko Petroleum were worth $2,577,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Enterprise Financial Services Corp raised its holdings in Anadarko Petroleum by 103.7% in 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. Liberty Wealth Management LLC grew its stake in shares of Anadarko Petroleum by 78.6% in the first quarter. Liberty Wealth Management LLC now owns 552 shares of the oil and gas development company’s stock worth $25,000 after acquiring an additional 243 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of Anadarko Petroleum by 123.6% in the second quarter. Versant Capital Management Inc now owns 577 shares of the oil and gas development company’s stock worth $40,000 after acquiring an additional 319 shares during the last quarter. Shine Investment Advisory Services Inc. grew its stake in shares of Anadarko Petroleum by 35.0% in the first quarter. Shine Investment Advisory Services Inc. now owns 675 shares of the oil and gas development company’s stock worth $31,000 after acquiring an additional 175 shares during the last quarter. Finally, Cornerstone Advisors Inc. grew its stake in shares of Anadarko Petroleum by 40.0% in the second quarter. Cornerstone Advisors Inc. now owns 773 shares of the oil and gas development company’s stock worth $55,000 after acquiring an additional 221 shares during the last quarter. Institutional investors and hedge funds own 85.17% of the company’s stock.

APC has been the topic of a number of recent research reports. Tudor Pickering downgraded Anadarko Petroleum from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Stifel Nicolaus downgraded Anadarko Petroleum from a “buy” rating to a “hold” rating and increased their target price for the company from $68.00 to $76.00 in a report on Tuesday, May 7th. Cowen downgraded Anadarko Petroleum from an “outperform” rating to a “market perform” rating and increased their target price for the company from $71.00 to $72.00 in a report on Wednesday, May 22nd. Sanford C. Bernstein downgraded Anadarko Petroleum from an “outperform” rating to a “market perform” rating and set a $72.55 target price on the stock. in a report on Tuesday, April 30th. Finally, Credit Suisse Group downgraded Anadarko Petroleum from an “outperform” rating to a “neutral” rating in a research note on Monday, May 13th. One analyst has rated the stock with a sell rating, twenty-three have given a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $70.25.

Shares of APC stock opened at $72.77 on Wednesday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a 50 day moving average price of $72.75 and a 200 day moving average price of $61.98. The firm has a market capitalization of $36.56 billion, a P/E ratio of 32.20, a P/E/G ratio of 5.64 and a beta of 1.64. Anadarko Petroleum Co. has a 52-week low of $40.40 and a 52-week high of $76.23.

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

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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Institutional Ownership by Quarter for Anadarko Petroleum (NYSE:APC)

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