Traders bought shares of Anadarko Petroleum Corporation (NYSE:APC) on weakness during trading on Friday. $80.65 million flowed into the stock on the tick-up and $26.05 million flowed out of the stock on the tick-down, for a money net flow of $54.60 million into the stock. Of all stocks tracked, Anadarko Petroleum Corporation had the 13th highest net in-flow for the day. Anadarko Petroleum Corporation traded down ($0.41) for the day and closed at $48.64
APC has been the topic of several research reports. Stifel Nicolaus reissued a “buy” rating on shares of Anadarko Petroleum Corporation in a research report on Sunday, September 3rd. Citigroup Inc. initiated coverage on Anadarko Petroleum Corporation in a research report on Thursday, June 29th. They issued a “positive” rating and a $60.00 price objective on the stock. They noted that the move was a valuation call. Jefferies Group LLC set a $62.00 price objective on Anadarko Petroleum Corporation and gave the company a “buy” rating in a research report on Monday, August 28th. BMO Capital Markets reissued a “hold” rating and issued a $53.00 price objective on shares of Anadarko Petroleum Corporation in a research report on Monday, September 4th. Finally, BidaskClub lowered Anadarko Petroleum Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 22nd. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $69.29.
The company’s market capitalization is $27.26 billion. The company’s 50-day moving average price is $44.61 and its 200 day moving average price is $49.42.
Anadarko Petroleum Corporation (NYSE:APC) last posted its earnings results on Monday, July 24th. The oil and gas development company reported ($0.77) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.35) by ($0.42). The business had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.50 billion. Anadarko Petroleum Corporation had a negative net margin of 19.31% and a negative return on equity of 9.71%. The business’s revenue was up 41.8% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.60) EPS. Analysts predict that Anadarko Petroleum Corporation will post ($2.11) EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 27th. Investors of record on Wednesday, September 13th were paid a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, September 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.41%. Anadarko Petroleum Corporation’s payout ratio is currently -5.14%.
Anadarko Petroleum Corporation announced that its board has authorized a share buyback plan on Wednesday, September 20th that allows the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization allows the oil and gas development company to buy up to 10% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
A number of hedge funds and other institutional investors have recently bought and sold shares of APC. BlackRock Inc. grew its stake in Anadarko Petroleum Corporation by 3,052.0% during the first quarter. BlackRock Inc. now owns 42,300,274 shares of the oil and gas development company’s stock worth $2,622,619,000 after buying an additional 40,958,268 shares during the last quarter. Dodge & Cox grew its stake in Anadarko Petroleum Corporation by 43.7% during the second quarter. Dodge & Cox now owns 32,794,208 shares of the oil and gas development company’s stock worth $1,486,889,000 after buying an additional 9,965,600 shares during the last quarter. Franklin Resources Inc. grew its stake in Anadarko Petroleum Corporation by 106.6% during the second quarter. Franklin Resources Inc. now owns 14,394,958 shares of the oil and gas development company’s stock worth $652,661,000 after buying an additional 7,428,741 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Anadarko Petroleum Corporation by 47.4% during the first quarter. JPMorgan Chase & Co. now owns 12,999,493 shares of the oil and gas development company’s stock worth $805,967,000 after buying an additional 4,182,975 shares during the last quarter. Finally, Janus Henderson Group PLC grew its stake in Anadarko Petroleum Corporation by 5,465.5% during the second quarter. Janus Henderson Group PLC now owns 4,182,014 shares of the oil and gas development company’s stock worth $189,613,000 after buying an additional 4,106,872 shares during the last quarter. 85.05% of the stock is currently owned by institutional investors and hedge funds.
TRADEMARK VIOLATION WARNING: This report was posted by Transcript Daily and is the property of of Transcript Daily. If you are reading this report on another site, it was copied illegally and republished in violation of United States & international copyright and trademark law. The original version of this report can be viewed at https://transcriptdaily.com/2017/10/08/investors-buy-anadarko-petroleum-corporation-apc-on-weakness.html.
Anadarko Petroleum Corporation Company Profile
Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company is engaged in developing, acquiring, and exploring for oil and natural-gas resources. The Company’s segments include Oil and Gas Exploration and Production; Midstream, and Marketing. The Company’s geographical segments include the United States and International.
Receive News & Ratings for Anadarko Petroleum Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anadarko Petroleum Corporation and related companies with MarketBeat.com's FREE daily email newsletter.