Anadarko Petroleum (APC) Downgraded by Mitsubishi UFJ Financial Group to Neutral

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Mitsubishi UFJ Financial Group lowered shares of Anadarko Petroleum (NYSE:APC) from an overweight rating to a neutral rating in a research note issued to investors on Friday, The Fly reports.

APC has been the topic of several other reports. Mizuho reissued a buy rating and issued a $55.00 price objective on shares of Anadarko Petroleum in a report on Tuesday, February 12th. Credit Suisse Group reissued a buy rating and issued a $73.00 price objective on shares of Anadarko Petroleum in a report on Wednesday, December 19th. Citigroup began coverage on Anadarko Petroleum in a report on Monday, April 1st. They issued a buy rating and a $65.00 price objective on the stock. Zacks Investment Research raised Anadarko Petroleum from a sell rating to a hold rating in a report on Tuesday, March 12th. Finally, Societe Generale lowered Anadarko Petroleum from a buy rating to a hold rating in a report on Friday. Thirteen analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company has an average rating of Buy and an average price target of $73.84.

Anadarko Petroleum stock opened at $62.26 on Friday. The stock has a market cap of $23.38 billion, a P/E ratio of 27.55, a P/E/G ratio of 2.33 and a beta of 1.55. Anadarko Petroleum has a 52 week low of $40.40 and a 52 week high of $76.70. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.41.

Anadarko Petroleum (NYSE:APC) last posted its earnings results on Tuesday, February 5th. The oil and gas development company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.19). The company had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.47 billion. Anadarko Petroleum had a return on equity of 10.14% and a net margin of 4.60%. The firm’s revenue was up 14.3% on a year-over-year basis. During the same period last year, the business earned $0.18 earnings per share. Research analysts anticipate that Anadarko Petroleum will post 1.66 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 13th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend was Tuesday, March 12th. Anadarko Petroleum’s dividend payout ratio is presently 53.10%.

Large investors have recently modified their holdings of the company. Kaizen Advisory LLC boosted its stake in shares of Anadarko Petroleum by 24.2% in the fourth quarter. Kaizen Advisory LLC now owns 1,390 shares of the oil and gas development company’s stock worth $61,000 after acquiring an additional 271 shares during the last quarter. Precocity Capital LP acquired a new stake in shares of Anadarko Petroleum in the fourth quarter worth approximately $8,768,000. HRT Financial LLC purchased a new position in Anadarko Petroleum during the fourth quarter worth approximately $440,000. Perella Weinberg Partners Capital Management LP lifted its position in Anadarko Petroleum by 10.6% during the fourth quarter. Perella Weinberg Partners Capital Management LP now owns 765,721 shares of the oil and gas development company’s stock worth $33,569,000 after buying an additional 73,429 shares in the last quarter. Finally, Calamos Advisors LLC lifted its position in Anadarko Petroleum by 14.7% during the fourth quarter. Calamos Advisors LLC now owns 134,585 shares of the oil and gas development company’s stock worth $5,900,000 after buying an additional 17,275 shares in the last quarter. 87.05% of the stock is currently owned by hedge funds and other institutional investors.

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).

See Also: Net Income

The Fly

Analyst Recommendations for Anadarko Petroleum (NYSE:APC)

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