Caxton Associates LP Decreases Holdings in Anadarko Petroleum Corporation (APC)

Caxton Associates LP cut its stake in Anadarko Petroleum Corporation (NYSE:APC) by 16.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 239,917 shares of the oil and gas development company’s stock after selling 48,753 shares during the quarter. Caxton Associates LP’s holdings in Anadarko Petroleum were worth $11,720,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of APC. Dodge & Cox raised its holdings in Anadarko Petroleum by 43.7% in the 2nd quarter. Dodge & Cox now owns 32,794,208 shares of the oil and gas development company’s stock worth $1,486,889,000 after purchasing an additional 9,965,600 shares in the last quarter. Franklin Resources Inc. raised its holdings in Anadarko Petroleum by 106.6% in the 2nd quarter. Franklin Resources Inc. now owns 14,394,958 shares of the oil and gas development company’s stock worth $652,661,000 after purchasing an additional 7,428,741 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Anadarko Petroleum by 5,465.5% in the 2nd 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 purchasing an additional 4,106,872 shares in the last quarter. BlackRock Inc. raised its holdings in Anadarko Petroleum by 8.2% in the 2nd quarter. BlackRock Inc. now owns 45,766,435 shares of the oil and gas development company’s stock worth $2,075,051,000 after purchasing an additional 3,466,161 shares in the last quarter. Finally, Boston Partners raised its holdings in Anadarko Petroleum by 311.0% in the 3rd quarter. Boston Partners now owns 3,651,098 shares of the oil and gas development company’s stock worth $178,356,000 after purchasing an additional 2,762,834 shares in the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

Shares of Anadarko Petroleum Corporation (NYSE:APC) traded up $0.21 during mid-day trading on Friday, reaching $47.32. 4,665,300 shares of the company traded hands, compared to its average volume of 5,028,661. Anadarko Petroleum Corporation has a one year low of $39.96 and a one year high of $73.33. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 1.11.

Anadarko Petroleum (NYSE:APC) last announced its quarterly earnings data on Tuesday, October 31st. The oil and gas development company reported ($0.77) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.56) by ($0.21). Anadarko Petroleum had a negative net margin of 17.13% and a negative return on equity of 9.82%. The firm had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same period last year, the company posted ($0.89) earnings per share. The business’s revenue for the quarter was up 31.9% compared to the same quarter last year. analysts forecast that Anadarko Petroleum Corporation will post -2.24 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 27th. Investors of record on Wednesday, December 13th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend is Tuesday, December 12th. Anadarko Petroleum’s dividend payout ratio (DPR) is -5.63%.

Anadarko Petroleum announced that its Board of Directors has initiated a share repurchase plan on Wednesday, September 20th that authorizes the company to buyback $2.50 billion in outstanding shares. This buyback authorization authorizes the oil and gas development company to reacquire up to 10% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

Several research analysts have commented on APC shares. Scotiabank set a $64.00 price objective on shares of Anadarko Petroleum and gave the stock a “buy” rating in a report on Friday, August 11th. BidaskClub lowered shares of Anadarko Petroleum from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 17th. Royal Bank Of Canada set a $62.00 price target on shares of Anadarko Petroleum and gave the stock a “buy” rating in a research note on Thursday, August 24th. Jefferies Group set a $62.00 price target on shares of Anadarko Petroleum and gave the stock a “buy” rating in a research note on Monday, August 28th. Finally, Stifel Nicolaus reiterated a “buy” rating on shares of Anadarko Petroleum in a research note on Sunday, September 3rd. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Anadarko Petroleum has a consensus rating of “Buy” and a consensus target price of $67.18.

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

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