Beaconlight Capital LLC purchased a new position in shares of Anadarko Petroleum Co. (NYSE:APC) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 180,936 shares of the oil and gas development company’s stock, valued at approximately $7,932,000. Anadarko Petroleum makes up about 2.7% of Beaconlight Capital LLC’s holdings, making the stock its 10th largest position.
Several other institutional investors have also bought and sold shares of APC. Robeco Institutional Asset Management B.V. raised its position in Anadarko Petroleum by 253.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 245,369 shares of the oil and gas development company’s stock worth $16,540,000 after buying an additional 175,885 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Anadarko Petroleum by 6.7% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 20,978 shares of the oil and gas development company’s stock valued at $1,414,000 after purchasing an additional 1,317 shares in the last quarter. WINTON GROUP Ltd purchased a new position in shares of Anadarko Petroleum in the 3rd quarter valued at about $209,000. Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Anadarko Petroleum by 5.9% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 23,302 shares of the oil and gas development company’s stock valued at $1,571,000 after purchasing an additional 1,300 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in shares of Anadarko Petroleum by 41.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 43,528 shares of the oil and gas development company’s stock valued at $2,934,000 after purchasing an additional 12,748 shares in the last quarter. 86.16% of the stock is owned by institutional investors.
A number of equities analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Anadarko Petroleum from a “hold” rating to a “sell” rating in a report on Wednesday, December 19th. Piper Jaffray Companies reiterated a “buy” rating and issued a $87.00 price target on shares of Anadarko Petroleum in a report on Monday, November 19th. MKM Partners assumed coverage on shares of Anadarko Petroleum in a report on Wednesday, December 5th. They issued a “buy” rating and a $76.00 price target for the company. Mizuho reiterated a “buy” rating and issued a $74.00 price target on shares of Anadarko Petroleum in a report on Tuesday, December 4th. Finally, Morgan Stanley cut their price target on shares of Anadarko Petroleum from $83.00 to $76.00 and set a “hold” rating for the company in a report on Tuesday, November 20th. Seven investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $75.84.
Anadarko Petroleum (NYSE:APC) last issued its quarterly earnings data on Tuesday, February 5th. The oil and gas development company reported $0.38 EPS for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.19). The business had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.47 billion. Anadarko Petroleum had a net margin of 4.60% and a return on equity of 10.14%. Anadarko Petroleum’s revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.18 earnings per share. As a group, equities research analysts expect that Anadarko Petroleum Co. will post 1.46 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 27th. Investors of record on Wednesday, March 13th will be paid a $0.30 dividend. The ex-dividend date is Tuesday, March 12th. This represents a $1.20 dividend on an annualized basis and a yield of 2.71%. Anadarko Petroleum’s payout ratio is 53.10%.
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About Anadarko Petroleum
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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