Investors Buy Anadarko Petroleum Corporation (APC) on Weakness

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.

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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.

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