Silchester International Investors LLP raised its position in Anadarko Petroleum Co. (NYSE:APC) by 15.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,064 shares of the oil and gas development company’s stock after buying an additional 3,016 shares during the period. Anadarko Petroleum accounts for about 0.1% of Silchester International Investors LLP’s investment portfolio, making the stock its 26th biggest position. Silchester International Investors LLP’s holdings in Anadarko Petroleum were worth $1,689,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Sawtooth Solutions LLC bought a new stake in shares of Anadarko Petroleum during the second quarter worth approximately $217,000. Tibra Equities Europe Ltd bought a new stake in shares of Anadarko Petroleum during the second quarter worth approximately $2,137,000. BlackRock Inc. raised its stake in shares of Anadarko Petroleum by 5.0% during the second quarter. BlackRock Inc. now owns 42,439,494 shares of the oil and gas development company’s stock worth $3,108,695,000 after buying an additional 2,037,976 shares during the last quarter. Papp L Roy & Associates bought a new stake in shares of Anadarko Petroleum during the second quarter worth approximately $209,000. Finally, Standard Life Aberdeen plc raised its stake in shares of Anadarko Petroleum by 294.2% during the second quarter. Standard Life Aberdeen plc now owns 1,824,553 shares of the oil and gas development company’s stock worth $133,659,000 after buying an additional 1,361,698 shares during the last quarter. Hedge funds and other institutional investors own 86.28% of the company’s stock.
Shares of NYSE:APC opened at $63.65 on Monday. Anadarko Petroleum Co. has a 52 week low of $39.96 and a 52 week high of $76.70. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.34. The company has a market capitalization of $32.59 billion, a price-to-earnings ratio of -32.47, a PEG ratio of 2.15 and a beta of 1.27.
Anadarko Petroleum announced that its Board of Directors has approved a stock buyback plan on Monday, July 9th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the oil and gas development company to reacquire up to 2.6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 26th. Shareholders of record on Wednesday, September 12th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend is Tuesday, September 11th. Anadarko Petroleum’s payout ratio is presently -51.02%.
A number of equities research analysts recently weighed in on the stock. Credit Suisse Group set a $84.00 price target on shares of Anadarko Petroleum and gave the stock a “buy” rating in a research note on Monday, July 9th. Stifel Nicolaus boosted their price target on shares of Anadarko Petroleum from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, July 10th. ValuEngine raised shares of Anadarko Petroleum from a “hold” rating to a “buy” rating in a research note on Friday, June 22nd. Morgan Stanley assumed coverage on shares of Anadarko Petroleum in a research note on Thursday, July 12th. They set an “equal weight” rating and a $86.00 price target for the company. Finally, Seaport Global Securities reissued a “buy” rating on shares of Anadarko Petroleum in a research note on Wednesday, July 25th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seventeen have assigned a buy rating to the stock. Anadarko Petroleum currently has a consensus rating of “Buy” and an average price target of $78.15.
Anadarko Petroleum 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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