Anadarko Petroleum Co. (APC) Short Interest Up 123.5% in March

Anadarko Petroleum Co. (NYSE:APC) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 29,914,195 shares, an increase of 123.5% from the February 28th total of 13,381,873 shares. Approximately 5.5% of the shares of the company are short sold. Based on an average trading volume of 4,830,244 shares, the short-interest ratio is presently 6.2 days.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC acquired a new stake in Anadarko Petroleum in the third quarter worth approximately $116,000. Cerebellum GP LLC acquired a new stake in Anadarko Petroleum in the fourth quarter worth approximately $131,000. Resources Investment Advisors Inc. acquired a new stake in Anadarko Petroleum in the fourth quarter worth approximately $142,000. Avestar Capital LLC acquired a new stake in Anadarko Petroleum in the fourth quarter worth approximately $129,000. Finally, Clear Perspective Advisors LLC lifted its position in Anadarko Petroleum by 166.7% in the fourth quarter. Clear Perspective Advisors LLC now owns 3,200 shares of the oil and gas development company’s stock worth $172,000 after purchasing an additional 2,000 shares during the period. Hedge funds and other institutional investors own 88.00% of the company’s stock.

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APC opened at $60.41 on Monday. The company has a market capitalization of $32,167.54, a price-to-earnings ratio of -30.82, a PEG ratio of 3.82 and a beta of 1.40. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.73 and a quick ratio of 1.73. Anadarko Petroleum has a 1-year low of $39.96 and a 1-year high of $64.15.

Anadarko Petroleum (NYSE:APC) last released its earnings results on Tuesday, February 6th. The oil and gas development company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.15. The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.90 billion. Anadarko Petroleum had a negative return on equity of 7.48% and a negative net margin of 3.83%. The firm’s revenue for the quarter was up 22.7% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.50) earnings per share. analysts predict that Anadarko Petroleum will post 1.58 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 28th. Shareholders of record on Wednesday, March 14th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.66%. This is an increase from Anadarko Petroleum’s previous quarterly dividend of $0.05. The ex-dividend date was Tuesday, March 13th. Anadarko Petroleum’s dividend payout ratio is -51.02%.

Anadarko Petroleum announced that its board has authorized a share repurchase program on Wednesday, February 7th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the oil and gas development company to purchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

A number of equities analysts have commented on APC shares. Seaport Global Securities upgraded Anadarko Petroleum from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 19th. Piper Jaffray restated a “buy” rating and issued a $64.00 target price on shares of Anadarko Petroleum in a research note on Tuesday, January 9th. Citigroup downgraded Anadarko Petroleum from a “buy” rating to a “neutral” rating and set a $60.00 target price for the company. in a research note on Wednesday, January 3rd. Royal Bank of Canada set a $63.00 target price on Anadarko Petroleum and gave the company a “buy” rating in a research note on Wednesday, December 20th. Finally, Credit Suisse Group started coverage on Anadarko Petroleum in a research note on Monday, December 11th. They issued an “outperform” rating and a $61.00 target price for the company. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eighteen have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $67.65.

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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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