First American Trust FSB reduced its holdings in shares of Anadarko Petroleum Co. (NYSE:APC) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 40,026 shares of the oil and gas development company’s stock after selling 1,871 shares during the period. First American Trust FSB’s holdings in Anadarko Petroleum were worth $1,755,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of APC. Belpointe Asset Management LLC acquired a new stake in shares of Anadarko Petroleum during the 3rd quarter valued at about $135,000. TRUE Private Wealth Advisors acquired a new stake in shares of Anadarko Petroleum during the 3rd quarter valued at about $163,000. Moneta Group Investment Advisors LLC acquired a new stake in shares of Anadarko Petroleum during the 2nd quarter valued at about $170,000. Beaton Management Co. Inc. acquired a new stake in shares of Anadarko Petroleum during the 2nd quarter valued at about $202,000. Finally, Tokio Marine Asset Management Co. Ltd. acquired a new position in Anadarko Petroleum in the third quarter valued at about $204,000. Institutional investors and hedge funds own 84.94% of the company’s stock.
Anadarko Petroleum stock traded down $0.68 during midday trading on Friday, reaching $47.65. The stock had a trading volume of 3,342,743 shares, compared to its average volume of 4,933,779. The firm has a market capitalization of $24.16 billion, a price-to-earnings ratio of -24.31, a P/E/G ratio of 1.42 and a beta of 1.55. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.87 and a current ratio of 0.87. Anadarko Petroleum Co. has a twelve month low of $40.40 and a twelve month high of $76.70.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 26th. Shareholders of record on Wednesday, December 12th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.52%. This is an increase from Anadarko Petroleum’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Tuesday, December 11th. Anadarko Petroleum’s payout ratio is currently -61.22%.
A number of equities analysts have commented on APC shares. Piper Jaffray Companies restated an “overweight” rating and issued a $85.00 price target on shares of Anadarko Petroleum in a research report on Friday, September 28th. BMO Capital Markets reaffirmed a “buy” rating and set a $85.00 price target on shares of Anadarko Petroleum in a research report on Thursday, October 11th. Morgan Stanley set a $85.00 price target on shares of Anadarko Petroleum and gave the stock a “hold” rating in a report on Friday, October 12th. Zacks Investment Research raised shares of Anadarko Petroleum from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a report on Tuesday, October 16th. Finally, Wells Fargo & Co raised Anadarko Petroleum from a “market perform” rating to an “outperform” rating in a research note on Tuesday, October 23rd. Seven equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $78.90.
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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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