Deltec Asset Management LLC Lowers Holdings in Anadarko Petroleum Co. (APC)
Deltec Asset Management LLC lowered its holdings in shares of Anadarko Petroleum Co. (NYSE:APC) by 0.7% in the 1st quarter, Holdings Channel reports. The firm owned 158,285 shares of the oil and gas development company’s stock after selling 1,145 shares during the quarter. Anadarko Petroleum comprises 1.6% of Deltec Asset Management LLC’s portfolio, making the stock its 18th largest holding. Deltec Asset Management LLC’s holdings in Anadarko Petroleum were worth $7,199,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in APC. Liberty Wealth Management LLC increased its stake in Anadarko Petroleum by 78.6% in the 1st quarter. Liberty Wealth Management LLC now owns 552 shares of the oil and gas development company’s stock worth $25,000 after buying an additional 243 shares during the period. Claybrook Capital LLC purchased a new position in Anadarko Petroleum in the 4th quarter worth about $29,000. Shine Investment Advisory Services Inc. increased its stake in Anadarko Petroleum by 35.0% in the 1st quarter. Shine Investment Advisory Services Inc. now owns 675 shares of the oil and gas development company’s stock worth $31,000 after buying an additional 175 shares during the period. We Are One Seven LLC purchased a new position in Anadarko Petroleum in the 4th quarter worth about $41,000. Finally, Legacy Bridge LLC purchased a new position in Anadarko Petroleum in the 4th quarter worth about $43,000. Institutional investors and hedge funds own 87.06% of the company’s stock.
Several research firms recently commented on APC. Cowen reaffirmed a “buy” rating and issued a $71.00 price target on shares of Anadarko Petroleum in a research note on Wednesday, April 17th. Mizuho reissued a “buy” rating and set a $55.00 target price on shares of Anadarko Petroleum in a research report on Tuesday, February 12th. Citigroup assumed coverage on shares of Anadarko Petroleum in a research report on Monday, April 1st. They set a “buy” rating and a $65.00 target price on the stock. Susquehanna Bancshares reissued a “neutral” rating and set a $65.00 target price (up previously from $62.00) on shares of Anadarko Petroleum in a research report on Wednesday, April 17th. Finally, Zacks Investment Research raised shares of Anadarko Petroleum from a “sell” rating to a “hold” rating in a research report on Tuesday, March 12th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $72.00.
Anadarko Petroleum (NYSE:APC) last released its earnings results on Tuesday, February 5th. The oil and gas development company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.19). The company had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.47 billion. Anadarko Petroleum had a return on equity of 10.14% and a net margin of 4.60%. The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter last year, the business earned $0.18 earnings per share. On average, equities research analysts expect that Anadarko Petroleum Co. will post 1.91 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 13th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date was Tuesday, March 12th. Anadarko Petroleum’s dividend payout ratio (DPR) is presently 53.10%.
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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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