Penserra Capital Management LLC Boosts Position in Anadarko Petroleum Co. (APC)

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Penserra Capital Management LLC increased its stake in shares of Anadarko Petroleum Co. (NYSE:APC) by 121.5% in the 1st quarter, HoldingsChannel.com reports. The firm owned 5,737 shares of the oil and gas development company’s stock after buying an additional 3,147 shares during the quarter. Penserra Capital Management LLC’s holdings in Anadarko Petroleum were worth $260,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of APC. Liberty Wealth Management LLC lifted its stake in Anadarko Petroleum by 78.6% in the first quarter. Liberty Wealth Management LLC now owns 552 shares of the oil and gas development company’s stock valued at $25,000 after acquiring an additional 243 shares during the last quarter. Enterprise Financial Services Corp lifted its stake in Anadarko Petroleum by 103.7% in the first quarter. Enterprise Financial Services Corp now owns 546 shares of the oil and gas development company’s stock valued at $25,000 after acquiring an additional 278 shares during the last quarter. Claybrook Capital LLC acquired a new stake in Anadarko Petroleum in the fourth quarter valued at approximately $29,000. Shine Investment Advisory Services Inc. lifted its stake in Anadarko Petroleum by 35.0% in the first quarter. Shine Investment Advisory Services Inc. now owns 675 shares of the oil and gas development company’s stock valued at $31,000 after acquiring an additional 175 shares during the last quarter. Finally, First Interstate Bank lifted its stake in Anadarko Petroleum by 797.8% in the first quarter. First Interstate Bank now owns 808 shares of the oil and gas development company’s stock valued at $37,000 after acquiring an additional 718 shares during the last quarter. Institutional investors and hedge funds own 85.80% of the company’s stock.

A number of analysts have issued reports on the stock. Cowen reiterated a “buy” rating and issued a $71.00 target price on shares of Anadarko Petroleum in a research note on Wednesday, April 17th. MKM Partners lifted their target price on shares of Anadarko Petroleum to $73.00 and gave the company a “neutral” rating in a research note on Tuesday, April 30th. Mizuho reiterated a “buy” rating and issued a $55.00 target price on shares of Anadarko Petroleum in a research note on Tuesday, February 12th. Citigroup assumed coverage on shares of Anadarko Petroleum in a research note on Monday, April 1st. They issued a “buy” rating and a $65.00 target price for the company. Finally, Susquehanna Bancshares reiterated a “neutral” rating and issued a $65.00 target price (up from $62.00) on shares of Anadarko Petroleum in a research note on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, twenty-two have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $70.19.

Shares of Anadarko Petroleum stock opened at $71.99 on Monday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.51. Anadarko Petroleum Co. has a 1-year low of $40.40 and a 1-year high of $76.70. The firm has a market capitalization of $36.15 billion, a PE ratio of 31.85, a PEG ratio of 4.04 and a beta of 1.83.

Anadarko Petroleum (NYSE:APC) last issued its quarterly earnings data on Thursday, April 25th. The oil and gas development company reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.23. Anadarko Petroleum had a net margin of 3.53% and a return on equity of 10.24%. The business had revenue of $3.22 billion during the quarter, compared to analysts’ expectations of $2.91 billion. During the same period in the previous year, the company earned $0.52 earnings per share. Anadarko Petroleum’s revenue for the quarter was up 5.7% on a year-over-year basis. As a group, analysts anticipate that Anadarko Petroleum Co. will post 2.74 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 12th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date is Tuesday, June 11th. Anadarko Petroleum’s payout ratio is 53.10%.

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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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Want to see what other hedge funds are holding APC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Anadarko Petroleum Co. (NYSE:APC).

Institutional Ownership by Quarter for Anadarko Petroleum (NYSE:APC)

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