Investors Sell Shares of Anadarko Petroleum (APC) on Strength (APC)

Traders sold shares of Anadarko Petroleum Co. (NYSE:APC) on strength during trading on Friday. $66.94 million flowed into the stock on the tick-up and $89.02 million flowed out of the stock on the tick-down, for a money net flow of $22.08 million out of the stock. Of all stocks tracked, Anadarko Petroleum had the 0th highest net out-flow for the day. Anadarko Petroleum traded up $0.76 for the day and closed at $66.82

Several equities analysts have recently issued reports on the company. Credit Suisse Group set a $84.00 target price on Anadarko Petroleum and gave the company a “buy” rating in a report on Monday, July 9th. Stifel Nicolaus upped their target price on Anadarko Petroleum from $80.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, July 10th. ValuEngine raised Anadarko Petroleum from a “hold” rating to a “buy” rating in a report on Friday, June 22nd. Morgan Stanley assumed coverage on Anadarko Petroleum in a report on Thursday, July 12th. They issued an “equal weight” rating and a $86.00 target price for the company. Finally, Seaport Global Securities reaffirmed a “buy” rating on shares of Anadarko Petroleum in a report on Wednesday, July 25th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $77.45.

The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market cap of $33.83 billion, a price-to-earnings ratio of -34.09, a price-to-earnings-growth ratio of 2.18 and a beta of 1.27.



Anadarko Petroleum (NYSE:APC) last released its earnings results on Tuesday, July 31st. The oil and gas development company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.06). The firm had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.08 billion. Anadarko Petroleum had a net margin of 3.63% and a return on equity of 1.85%. The firm’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.75) EPS. analysts forecast that Anadarko Petroleum Co. will post 3.04 earnings per share for the current year.

Anadarko Petroleum announced that its Board of Directors has approved a stock repurchase program on Monday, July 9th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the oil and gas development company to reacquire up to 2.6% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. grew its holdings in Anadarko Petroleum by 2.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 58,660 shares of the oil and gas development company’s stock valued at $4,296,000 after purchasing an additional 1,304 shares during the last quarter. AGF Investments Inc. grew its holdings in Anadarko Petroleum by 33.8% during the 2nd quarter. AGF Investments Inc. now owns 1,307,148 shares of the oil and gas development company’s stock valued at $95,749,000 after purchasing an additional 330,526 shares during the last quarter. ING Groep NV bought a new position in Anadarko Petroleum during the 2nd quarter valued at about $4,363,000. Richard Bernstein Advisors LLC bought a new position in Anadarko Petroleum during the 2nd quarter valued at about $2,520,000. Finally, Employees Retirement System of Texas grew its holdings in Anadarko Petroleum by 125.7% during the 2nd quarter. Employees Retirement System of Texas now owns 199,300 shares of the oil and gas development company’s stock valued at $14,599,000 after purchasing an additional 111,000 shares during the last quarter. Institutional investors and hedge funds own 88.28% of the company’s stock.

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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