Massmutual Trust Co. FSB ADV Buys 8,546 Shares of Anadarko Petroleum Co. (APC)

Massmutual Trust Co. FSB ADV increased its stake in Anadarko Petroleum Co. (NYSE:APC) by 5,275.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,708 shares of the oil and gas development company’s stock after acquiring an additional 8,546 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Anadarko Petroleum were worth $587,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of APC. BlackRock Inc. grew its holdings in shares of Anadarko Petroleum by 11.8% during the third 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 in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Anadarko Petroleum by 46.9% during the second quarter. Bank of New York Mellon Corp now owns 7,941,486 shares of the oil and gas development company’s stock valued at $581,714,000 after buying an additional 2,536,173 shares in the last quarter. FMR LLC grew its holdings in shares of Anadarko Petroleum by 9.2% during the second 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 in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Anadarko Petroleum by 22.8% during the third 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 in the last quarter. Finally, Standard Life Aberdeen plc grew its holdings in shares of Anadarko Petroleum by 294.2% during the second quarter. Standard Life Aberdeen plc now owns 1,824,553 shares of the oil and gas development company’s stock valued at $133,659,000 after buying an additional 1,361,698 shares in the last quarter. Institutional investors and hedge funds own 87.15% of the company’s stock.

Shares of NYSE APC opened at $53.57 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.40. Anadarko Petroleum Co. has a one year low of $46.80 and a one year high of $76.70. The stock has a market capitalization of $27.01 billion, a price-to-earnings ratio of -27.33, a PEG ratio of 1.41 and a beta of 1.45.

Anadarko Petroleum (NYSE:APC) last issued its earnings results on Tuesday, October 30th. The oil and gas development company reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.02). Anadarko Petroleum had a net margin of 11.49% and a return on equity of 8.90%. The firm had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter last year, the firm earned ($0.77) EPS. The business’s revenue for the quarter was up 48.1% compared to the same quarter last year. On average, equities research analysts anticipate that Anadarko Petroleum Co. will post 2.8 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 26th. Shareholders of record on Wednesday, December 12th will be paid a $0.30 dividend. The ex-dividend date is Tuesday, December 11th. This represents a $1.20 dividend on an annualized basis and a yield of 2.24%. This is an increase from Anadarko Petroleum’s previous quarterly dividend of $0.25. Anadarko Petroleum’s payout ratio is -51.02%.

A number of brokerages have recently weighed in on APC. Stifel Nicolaus lowered their price target on Anadarko Petroleum from $85.00 to $84.00 and set a “buy” rating on the stock in a report on Wednesday, August 1st. ValuEngine downgraded Anadarko Petroleum from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Bank of America set a $100.00 price target on Anadarko Petroleum and gave the company a “buy” rating in a report on Tuesday, July 31st. Susquehanna Bancshares lowered their price target on Anadarko Petroleum from $93.00 to $91.00 and set a “positive” rating on the stock in a report on Wednesday, August 1st. Finally, Jefferies Financial Group set a $88.00 price target on Anadarko Petroleum and gave the company a “buy” rating in a report on Tuesday, August 7th. Five investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. Anadarko Petroleum has an average rating of “Buy” and an average target price of $80.80.

WARNING: This news story was posted by WKRB News and is the property of of WKRB News. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of US & international trademark and copyright legislation. The original version of this news story can be read at https://www.wkrb13.com/2018/11/23/massmutual-trust-co-fsb-adv-buys-8546-shares-of-anadarko-petroleum-co-apc.html.

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: How Do You Make Money With Penny Stocks?

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)

Receive News & Ratings for Anadarko Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anadarko Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply