YHB Investment Advisors Inc. raised its position in Anadarko Petroleum Co. (NYSE:APC) by 3.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 20,485 shares of the oil and gas development company’s stock after buying an additional 750 shares during the quarter. YHB Investment Advisors Inc.’s holdings in Anadarko Petroleum were worth $898,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. BlackRock Inc. increased its stake in Anadarko Petroleum by 11.8% in the 3rd quarter. BlackRock Inc. now owns 47,443,900 shares of the oil and gas development company’s stock valued at $3,198,193,000 after buying an additional 5,004,406 shares during the period. FMR LLC increased its stake in Anadarko Petroleum by 9.2% in the 2nd quarter. FMR LLC now owns 23,949,562 shares of the oil and gas development company’s stock valued at $1,754,305,000 after buying an additional 2,011,856 shares during the period. Bank of New York Mellon Corp increased its stake in Anadarko Petroleum by 1.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 8,079,505 shares of the oil and gas development company’s stock valued at $544,639,000 after buying an additional 138,019 shares during the period. Janus Henderson Group PLC increased its stake in Anadarko Petroleum by 22.8% in the 3rd quarter. Janus Henderson Group PLC now owns 7,350,604 shares of the oil and gas development company’s stock valued at $495,505,000 after buying an additional 1,363,271 shares during the period. Finally, AQR Capital Management LLC increased its stake in Anadarko Petroleum by 350.0% in the 3rd quarter. AQR Capital Management LLC now owns 5,737,992 shares of the oil and gas development company’s stock valued at $386,798,000 after buying an additional 4,462,780 shares during the period. 84.94% of the stock is currently owned by institutional investors.
APC has been the topic of several recent research reports. Wells Fargo & Co raised shares of Anadarko Petroleum from a “market perform” rating to an “outperform” rating in a research note on Tuesday, October 23rd. Zacks Investment Research raised shares of Anadarko Petroleum from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a research note on Monday, October 22nd. Capital One Financial cut shares of Anadarko Petroleum from an “overweight” rating to an “equal weight” rating in a research note on Thursday, December 20th. Morgan Stanley lowered their price target on shares of Anadarko Petroleum from $85.00 to $79.00 and set a “hold” rating on the stock in a research note on Monday, November 5th. Finally, Piper Jaffray Companies set a $85.00 price target on shares of Anadarko Petroleum and gave the stock a “buy” rating in a research note on Sunday, September 30th. Seven research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $78.90.
Anadarko Petroleum (NYSE:APC) last issued its quarterly earnings data on Tuesday, October 30th. The oil and gas development company reported $0.82 EPS for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.02). The business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.47 billion. Anadarko Petroleum had a net margin of 11.49% and a return on equity of 8.90%. Anadarko Petroleum’s revenue was up 48.1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.77) earnings per share. As a group, equities research analysts expect that Anadarko Petroleum Co. will post 2.6 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 26th. Investors of record on Wednesday, December 12th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.52%. This is a boost from Anadarko Petroleum’s previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, December 11th. Anadarko Petroleum’s dividend payout ratio is presently -61.22%.
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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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