Koshinski Asset Management Inc. bought a new stake in shares of Anadarko Petroleum Co. (NYSE:APC) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 12,128 shares of the oil and gas development company’s stock, valued at approximately $651,000.
Other institutional investors also recently added to or reduced their stakes in the company. Reinhart Partners Inc. acquired a new position in shares of Anadarko Petroleum during the 3rd quarter valued at $345,000. Virtu KCG Holdings LLC lifted its position in shares of Anadarko Petroleum by 34.5% during the 2nd quarter. Virtu KCG Holdings LLC now owns 109,782 shares of the oil and gas development company’s stock valued at $4,978,000 after acquiring an additional 28,135 shares during the period. Artemis Investment Management LLP lifted its position in shares of Anadarko Petroleum by 15.6% during the 3rd quarter. Artemis Investment Management LLP now owns 42,281 shares of the oil and gas development company’s stock valued at $2,066,000 after acquiring an additional 5,716 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Anadarko Petroleum by 2.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,582,421 shares of the oil and gas development company’s stock valued at $126,152,000 after acquiring an additional 63,165 shares during the period. Finally, Adams Natural Resources Fund Inc. acquired a new position in shares of Anadarko Petroleum during the 3rd quarter valued at $8,358,000. Institutional investors own 87.84% of the company’s stock.
Shares of Anadarko Petroleum Co. (NYSE APC) opened at $58.29 on Friday. Anadarko Petroleum Co. has a one year low of $39.96 and a one year high of $71.97. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 1.11. The stock has a market cap of $32,265.89, a price-to-earnings ratio of -16.42 and a beta of 1.38.
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 27th. Stockholders of record on Wednesday, December 13th were paid a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, December 12th. This represents a $0.20 annualized dividend and a dividend yield of 0.34%. Anadarko Petroleum’s payout ratio is -5.63%.
A number of analysts have commented on the stock. Scotiabank set a $62.00 price target on shares of Anadarko Petroleum and gave the company a “buy” rating in a research note on Saturday, November 25th. Atlantic Securities upgraded shares of Anadarko Petroleum from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $49.05 to $62.00 in a research note on Friday, October 6th. Morgan Stanley set a $55.00 price target on shares of Anadarko Petroleum and gave the company a “hold” rating in a research note on Wednesday, October 18th. Stifel Nicolaus decreased their price target on shares of Anadarko Petroleum from $73.00 to $72.00 and set a “buy” rating for the company in a research note on Wednesday, November 1st. Finally, Jefferies Group restated a “buy” rating and set a $57.00 price target on shares of Anadarko Petroleum in a research note on Tuesday, October 10th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and nineteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $65.00.
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Anadarko Petroleum Company 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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