National Pension Service Has $28.91 Million Stake in Anadarko Petroleum Co. (APC)
National Pension Service raised its stake in Anadarko Petroleum Co. (NYSE:APC) by 8.6% in the 4th quarter, Holdings Channel reports. The firm owned 538,912 shares of the oil and gas development company’s stock after buying an additional 42,519 shares during the quarter. National Pension Service’s holdings in Anadarko Petroleum were worth $28,907,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of APC. Fis Group Inc. purchased a new stake in shares of Anadarko Petroleum in the third quarter worth approximately $107,000. Stelac Advisory Services LLC purchased a new stake in shares of Anadarko Petroleum in the third quarter worth approximately $107,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Anadarko Petroleum in the third quarter worth approximately $116,000. Sun Life Financial INC raised its stake in shares of Anadarko Petroleum by 1,363.4% in the second quarter. Sun Life Financial INC now owns 3,000 shares of the oil and gas development company’s stock worth $136,000 after purchasing an additional 2,795 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC raised its stake in shares of Anadarko Petroleum by 12.5% in the second quarter. YorkBridge Wealth Partners LLC now owns 3,606 shares of the oil and gas development company’s stock worth $166,000 after purchasing an additional 402 shares during the last quarter. 87.84% of the stock is owned by hedge funds and other institutional investors.
Shares of Anadarko Petroleum Co. (NYSE:APC) opened at $58.29 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.03 and a quick ratio of 2.03. Anadarko Petroleum Co. has a 52-week low of $39.96 and a 52-week high of $71.97. The stock has a market capitalization of $32,265.89, a price-to-earnings ratio of -16.42 and a beta of 1.38.
Anadarko Petroleum (NYSE:APC) last released its earnings results on Tuesday, October 31st. The oil and gas development company reported ($0.77) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.56) by ($0.21). Anadarko Petroleum had a negative return on equity of 9.82% and a negative net margin of 17.13%. The firm had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the prior year, the business earned ($0.89) earnings per share. The business’s quarterly revenue was up 31.9% compared to the same quarter last year. equities analysts predict that Anadarko Petroleum Co. will post -2.2 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 27th. Shareholders of record on Wednesday, December 13th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date of this dividend was Tuesday, December 12th. Anadarko Petroleum’s dividend payout ratio is currently -5.63%.
APC has been the subject of several analyst reports. Stifel Nicolaus set a $73.00 price objective on Anadarko Petroleum and gave the stock a “buy” rating in a research note on Thursday, October 5th. Royal Bank of Canada reaffirmed a “buy” rating and set a $62.00 price target on shares of Anadarko Petroleum in a research report on Friday, September 29th. Scotiabank reaffirmed a “buy” rating and set a $64.00 price target on shares of Anadarko Petroleum in a research report on Friday, September 22nd. Mitsubishi UFJ Financial Group reaffirmed a “buy” rating and set a $66.00 price target on shares of Anadarko Petroleum in a research report on Thursday, September 21st. Finally, Citigroup decreased their price target on Anadarko Petroleum from $60.00 to $58.00 and set a “buy” rating for the company in a research report on Friday, October 13th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and nineteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $65.00.
About Anadarko Petroleum
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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