Epoch Investment Partners Inc. Reduces Holdings in Anadarko Petroleum Corporation (APC)
Epoch Investment Partners Inc. lessened its stake in Anadarko Petroleum Corporation (NYSE:APC) by 2.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,084,779 shares of the oil and gas development company’s stock after selling 59,632 shares during the quarter. Epoch Investment Partners Inc. owned 0.38% of Anadarko Petroleum worth $101,842,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of APC. Acadian Asset Management LLC bought a new stake in Anadarko Petroleum in the second quarter worth approximately $1,133,000. Daiwa Securities Group Inc. grew its position in Anadarko Petroleum by 3.8% in the second quarter. Daiwa Securities Group Inc. now owns 16,200 shares of the oil and gas development company’s stock worth $735,000 after acquiring an additional 600 shares in the last quarter. IFP Advisors Inc grew its position in Anadarko Petroleum by 4.5% in the second quarter. IFP Advisors Inc now owns 7,363 shares of the oil and gas development company’s stock worth $334,000 after acquiring an additional 320 shares in the last quarter. Cambridge Trust Co. grew its position in Anadarko Petroleum by 5.5% in the second quarter. Cambridge Trust Co. now owns 13,074 shares of the oil and gas development company’s stock worth $593,000 after acquiring an additional 677 shares in the last quarter. Finally, Honeywell International Inc. grew its position in Anadarko Petroleum by 22.3% in the second quarter. Honeywell International Inc. now owns 384,100 shares of the oil and gas development company’s stock worth $17,415,000 after acquiring an additional 70,000 shares in the last quarter. 87.53% of the stock is owned by institutional investors.
APC has been the subject of several recent research reports. Scotiabank set a $62.00 target price on shares of Anadarko Petroleum and gave the stock a “buy” rating in a research report on Saturday, November 25th. Jefferies Group set a $62.00 price objective on shares of Anadarko Petroleum and gave the stock a “buy” rating in a report on Monday, August 28th. Cowen reaffirmed a “buy” rating and set a $60.00 price objective on shares of Anadarko Petroleum in a report on Sunday, September 17th. Atlantic Securities raised shares of Anadarko Petroleum from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $49.05 to $62.00 in a report on Friday, October 6th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $53.00 price objective on shares of Anadarko Petroleum in a report on Monday, September 4th. Three analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. Anadarko Petroleum currently has an average rating of “Buy” and a consensus target price of $67.18.
Shares of Anadarko Petroleum Corporation (NYSE:APC) opened at $48.59 on Tuesday. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 1.11. Anadarko Petroleum Corporation has a 1-year low of $39.96 and a 1-year high of $73.33.
Anadarko Petroleum (NYSE:APC) last announced its quarterly earnings data on Tuesday, October 31st. The oil and gas development company reported ($0.77) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.21). Anadarko Petroleum had a negative net margin of 17.13% and a negative return on equity of 9.82%. The business had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the prior year, the company posted ($0.89) EPS. The company’s quarterly revenue was up 31.9% compared to the same quarter last year. sell-side analysts forecast that Anadarko Petroleum Corporation will post -2.24 EPS for the current fiscal year.
Anadarko Petroleum declared that its Board of Directors has initiated a share repurchase plan on Wednesday, September 20th that allows the company to repurchase $2.50 billion in shares. This repurchase authorization allows the oil and gas development company to reacquire up to 10% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 27th. Stockholders of record on Wednesday, December 13th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date of this dividend is Tuesday, December 12th. Anadarko Petroleum’s dividend payout ratio is -5.63%.
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Anadarko Petroleum Profile
Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company is engaged in developing, acquiring, and exploring for oil and natural-gas resources. The Company’s segments include Oil and Gas Exploration and Production; Midstream, and Marketing. The Company’s geographical segments include the United States and International.
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