Anadarko Petroleum Co. (APC) Holdings Lifted by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. boosted its stake in shares of Anadarko Petroleum Co. (NYSE:APC) by 4.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 77,557 shares of the oil and gas development company’s stock after purchasing an additional 3,640 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Anadarko Petroleum were worth $4,160,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Seaward Management Limited Partnership lifted its holdings in shares of Anadarko Petroleum by 17.5% in the fourth quarter. Seaward Management Limited Partnership now owns 5,764 shares of the oil and gas development company’s stock valued at $309,000 after purchasing an additional 860 shares in the last quarter. OppenheimerFunds Inc. lifted its holdings in shares of Anadarko Petroleum by 1.9% in the fourth quarter. OppenheimerFunds Inc. now owns 49,686 shares of the oil and gas development company’s stock valued at $2,665,000 after purchasing an additional 906 shares in the last quarter. Brown Advisory Inc. lifted its holdings in shares of Anadarko Petroleum by 1.1% in the fourth quarter. Brown Advisory Inc. now owns 98,577 shares of the oil and gas development company’s stock valued at $5,288,000 after purchasing an additional 1,051 shares in the last quarter. Sigma Investment Counselors Inc. lifted its holdings in shares of Anadarko Petroleum by 2.8% in the third quarter. Sigma Investment Counselors Inc. now owns 40,400 shares of the oil and gas development company’s stock valued at $1,974,000 after purchasing an additional 1,086 shares in the last quarter. Finally, First Manhattan Co. lifted its holdings in shares of Anadarko Petroleum by 5.0% in the fourth quarter. First Manhattan Co. now owns 22,940 shares of the oil and gas development company’s stock valued at $1,230,000 after purchasing an additional 1,093 shares in the last quarter. Institutional investors own 88.19% of the company’s stock.

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Anadarko Petroleum Co. (APC) opened at $58.98 on Tuesday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.73 and a current ratio of 1.73. The stock has a market cap of $30,900.23, a P/E ratio of -72.81, a P/E/G ratio of 3.71 and a beta of 1.40. Anadarko Petroleum Co. has a one year low of $39.96 and a one year high of $64.17.

Anadarko Petroleum (NYSE:APC) last posted its quarterly earnings results on Tuesday, February 6th. The oil and gas development company reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.15. The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.90 billion. Anadarko Petroleum had a negative net margin of 3.83% and a negative return on equity of 7.48%. Anadarko Petroleum’s revenue was up 22.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.50) earnings per share. research analysts forecast that Anadarko Petroleum Co. will post 1.56 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Wednesday, March 14th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, March 13th. This represents a $1.00 dividend on an annualized basis and a yield of 1.70%. This is an increase from Anadarko Petroleum’s previous quarterly dividend of $0.05. Anadarko Petroleum’s dividend payout ratio (DPR) is currently -24.69%.

Anadarko Petroleum declared that its board has authorized a share buyback program on Wednesday, February 7th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the oil and gas development company to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Several brokerages have issued reports on APC. Macquarie raised shares of Anadarko Petroleum from a “neutral” rating to an “outperform” rating and set a $70.00 price target on the stock in a report on Thursday, February 8th. Jefferies Group reaffirmed a “buy” rating and issued a $78.00 price target on shares of Anadarko Petroleum in a report on Thursday, February 8th. Zacks Investment Research raised shares of Anadarko Petroleum from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a report on Wednesday, February 21st. Stifel Nicolaus set a $73.00 price target on shares of Anadarko Petroleum and gave the company a “buy” rating in a report on Monday, January 29th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $64.00 price target on shares of Anadarko Petroleum in a report on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eighteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $67.70.

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About Anadarko Petroleum

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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