Prio Wealth Limited Partnership Buys New Position in Anadarko Petroleum Co. (NYSE:APC)

Prio Wealth Limited Partnership bought a new stake in shares of Anadarko Petroleum Co. (NYSE:APC) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,264 shares of the oil and gas development company’s stock, valued at approximately $300,000.

A number of other large investors have also made changes to their positions in the stock. Dimensional Fund Advisors LP raised its stake in Anadarko Petroleum by 5.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,098,627 shares of the oil and gas development company’s stock valued at $135,840,000 after acquiring an additional 154,340 shares during the period. Geode Capital Management LLC increased its position in shares of Anadarko Petroleum by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 5,868,766 shares of the oil and gas development company’s stock valued at $256,783,000 after buying an additional 88,243 shares during the period. Gotham Asset Management LLC bought a new stake in shares of Anadarko Petroleum during the fourth quarter valued at about $340,000. Advisory Services Network LLC increased its position in shares of Anadarko Petroleum by 5.5% during the fourth quarter. Advisory Services Network LLC now owns 6,261 shares of the oil and gas development company’s stock valued at $274,000 after buying an additional 329 shares during the period. Finally, Actinver Wealth Management Inc. bought a new stake in shares of Anadarko Petroleum during the fourth quarter valued at about $217,000. 85.31% of the stock is currently owned by institutional investors.

Several equities research analysts have recently weighed in on the company. Societe Generale cut Anadarko Petroleum from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. Argus upped their price target on Sempra Energy to $142.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Piper Jaffray Companies set a $15.00 price target on BioCryst Pharmaceuticals and gave the company a “buy” rating in a research report on Monday, April 22nd. Stifel Nicolaus cut Essentra to a “hold” rating in a research report on Tuesday, May 7th. Finally, Zacks Investment Research cut Great Portland Estates from a “hold” rating to a “sell” rating in a research report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, twenty-three have assigned a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $70.25.

Shares of NYSE APC traded down $0.25 during midday trading on Wednesday, hitting $73.79. 133,515 shares of the company’s stock were exchanged, compared to its average volume of 7,019,063. Anadarko Petroleum Co. has a 12-month low of $40.40 and a 12-month high of $76.23. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.51. The stock has a market capitalization of $37.10 billion, a P/E ratio of 32.66, a price-to-earnings-growth ratio of 5.39 and a beta of 1.63. The firm has a fifty day moving average price of $71.61.

Anadarko Petroleum (NYSE:APC) last issued its quarterly earnings data on Friday, July 26th. The oil and gas development company reported $0.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.04). The business had revenue of $3.44 billion for the quarter, compared to analysts’ expectations of $3.31 billion. Anadarko Petroleum had a positive return on equity of 10.11% and a negative net margin of 4.20%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.54 EPS. On average, equities research analysts forecast that Anadarko Petroleum Co. will post 2.1 earnings per share for the current year.

Anadarko Petroleum Company Profile

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

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