Cerebellum GP LLC Invests $131,000 in Anadarko Petroleum Co. (APC) Stock

Cerebellum GP LLC purchased a new stake in shares of Anadarko Petroleum Co. (NYSE:APC) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 2,448 shares of the oil and gas development company’s stock, valued at approximately $131,000.

Other hedge funds also recently added to or reduced their stakes in the company. Reinhart Partners Inc. acquired a new position in Anadarko Petroleum during the 3rd quarter valued at about $345,000. Artemis Investment Management LLP boosted its stake in 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 purchasing an additional 5,716 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Anadarko Petroleum by 2.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,582,421 shares of the oil and gas development company’s stock worth $126,152,000 after buying an additional 63,165 shares during the last quarter. Adams Natural Resources Fund Inc. purchased a new position in shares of Anadarko Petroleum in the 3rd quarter worth approximately $8,358,000. Finally, Chevy Chase Trust Holdings Inc. boosted its stake in shares of Anadarko Petroleum by 7.1% in the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 642,219 shares of the oil and gas development company’s stock worth $31,373,000 after buying an additional 42,627 shares during the last quarter. Institutional investors and hedge funds own 87.81% of the company’s stock.

Shares of Anadarko Petroleum Co. (NYSE APC) opened at $60.94 on Wednesday. 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 company has a market cap of $33,340.00, a P/E ratio of -17.21 and a beta of 1.38. Anadarko Petroleum Co. has a 1-year low of $39.96 and a 1-year high of $71.97.

Anadarko Petroleum (NYSE:APC) last posted its quarterly earnings results on Tuesday, October 31st. The oil and gas development company reported ($0.77) EPS for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.21). The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.52 billion. Anadarko Petroleum had a negative return on equity of 9.82% and a negative net margin of 17.13%. The company’s revenue for the quarter was up 31.9% compared to the same quarter last year. During the same period last year, the firm posted ($0.89) EPS. analysts expect that Anadarko Petroleum Co. will post -2.2 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 27th. Investors of record on Wednesday, December 13th were issued a $0.05 dividend. The ex-dividend date was Tuesday, December 12th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.33%. Anadarko Petroleum’s dividend payout ratio (DPR) is presently -5.65%.

APC has been the topic of a number of research analyst reports. Scotiabank set a $62.00 target price on Anadarko Petroleum and gave the stock a “buy” rating in a research note on Saturday, November 25th. Atlantic Securities upgraded Anadarko Petroleum from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $49.05 to $62.00 in a research note on Friday, October 6th. Stifel Nicolaus cut their target price on Anadarko Petroleum from $73.00 to $72.00 and set a “buy” rating on the stock in a research note on Wednesday, November 1st. Morgan Stanley set a $55.00 target price on Anadarko Petroleum and gave the stock a “hold” rating in a research note on Wednesday, October 18th. Finally, Jefferies Group restated a “buy” rating and issued a $57.00 target price 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 issued a hold rating and nineteen have assigned a buy rating to the stock. Anadarko Petroleum has a consensus rating of “Buy” and a consensus target price of $65.95.

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

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