Energy Opportunities Capital Management LLC Takes $1.29 Million Position in Anadarko Petroleum Co. (APC)
Energy Opportunities Capital Management LLC bought a new position in Anadarko Petroleum Co. (NYSE:APC) during the second quarter, Holdings Channel reports. The fund bought 17,615 shares of the oil and gas development company’s stock, valued at approximately $1,290,000.
Other institutional investors have also bought and sold shares of the company. ING Groep NV bought a new stake in shares of Anadarko Petroleum in the 2nd quarter worth about $4,363,000. Robeco Institutional Asset Management B.V. grew its holdings in Anadarko Petroleum by 6.2% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 69,484 shares of the oil and gas development company’s stock valued at $5,090,000 after purchasing an additional 4,075 shares during the last quarter. Summit Trail Advisors LLC grew its holdings in Anadarko Petroleum by 24.4% during the 1st quarter. Summit Trail Advisors LLC now owns 33,104 shares of the oil and gas development company’s stock valued at $1,403,000 after purchasing an additional 6,496 shares during the last quarter. Community Bank & Trust Waco Texas bought a new position in Anadarko Petroleum during the 2nd quarter valued at about $227,000. Finally, Rampart Investment Management Company LLC grew its holdings in Anadarko Petroleum by 504.5% during the 2nd quarter. Rampart Investment Management Company LLC now owns 34,599 shares of the oil and gas development company’s stock valued at $2,534,000 after purchasing an additional 28,875 shares during the last quarter. Hedge funds and other institutional investors own 86.21% of the company’s stock.
APC has been the topic of several analyst reports. Johnson Rice downgraded shares of Anadarko Petroleum from a “buy” rating to an “accumulate” rating in a report on Wednesday, August 15th. Stifel Nicolaus upped their price target on shares of Anadarko Petroleum from $80.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, July 10th. Credit Suisse Group set a $84.00 price target on shares of Anadarko Petroleum and gave the company a “buy” rating in a report on Monday, July 9th. ValuEngine upgraded shares of Anadarko Petroleum from a “hold” rating to a “buy” rating in a report on Friday, June 22nd. Finally, Seaport Global Securities reiterated a “buy” rating on shares of Anadarko Petroleum in a report on Wednesday, July 25th. Six research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $79.60.
Anadarko Petroleum (NYSE:APC) last released its quarterly earnings data 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). The company had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.08 billion. Anadarko Petroleum had a net margin of 3.63% and a return on equity of 1.85%. Anadarko Petroleum’s quarterly revenue was up 21.2% on a year-over-year basis. During the same period last year, the firm earned ($0.75) earnings per share. research analysts expect that Anadarko Petroleum Co. will post 2.94 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 26th. Shareholders of record on Wednesday, September 12th will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, September 11th. This represents a $1.00 annualized dividend and a yield of 1.56%. Anadarko Petroleum’s dividend payout ratio (DPR) is -51.02%.
Anadarko Petroleum announced that its board has initiated a stock repurchase plan on Monday, July 9th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the oil and gas development company to repurchase up to 2.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
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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