Citadel Advisors LLC Purchases Shares of 242,930 Anadarko Petroleum Co. $APC

Citadel Advisors LLC purchased a new position in Anadarko Petroleum Co. (NASDAQ:APC) during the 2nd quarter, Holdings Channel reports. The firm purchased 242,930 shares of the oil and gas development company’s stock, valued at approximately $4,579,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. California State Teachers Retirement System acquired a new position in shares of Anadarko Petroleum during the second quarter valued at about $60,000. Greenland Capital Management LP bought a new stake in shares of Anadarko Petroleum in the second quarter valued at about $264,000. Finally, Readystate Asset Management LP acquired a new stake in shares of Anadarko Petroleum during the 2nd quarter worth approximately $1,696,000.

Analyst Upgrades and Downgrades

A number of research analysts have commented on APC shares. Zacks Research cut shares of Anadarko Petroleum from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. Mizuho raised their target price on Anadarko Petroleum from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 28th. UBS Group decreased their price target on Anadarko Petroleum from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Wednesday, August 12th. Finally, Weiss Ratings reiterated a “sell (e)” rating on shares of Anadarko Petroleum in a research report on Tuesday, August 25th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $21.80.

Anadarko Petroleum Price Performance

Shares of Anadarko Petroleum stock opened at $18.99 on Tuesday. The company has a current ratio of 1.18, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $238.70 million and a price-to-earnings ratio of 27.52. Anadarko Petroleum Co. has a 1-year low of $17.00 and a 1-year high of $21.72. The firm’s 50-day moving average price is $19.39 and its two-hundred day moving average price is $19.13.

Anadarko Petroleum (NASDAQ:APC) last posted its earnings results on Thursday, August 6th. The oil and gas development company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.10). The firm had revenue of $1.84 billion for the quarter. The firm’s quarterly revenue was up 27.4% on a year-over-year basis. On average, equities analysts predict that Anadarko Petroleum Co. will post 0.95 earnings per share for the current fiscal year.

Anadarko Petroleum Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Tuesday, August 18th were issued a dividend of $0.50 per share. The ex-dividend date was Tuesday, August 18th. This is a boost from Anadarko Petroleum’s previous quarterly dividend of $0.26. This represents a $2.00 annualized dividend and a dividend yield of 10.5%. Anadarko Petroleum’s dividend payout ratio (DPR) is currently 289.86%.

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). It is also involved in gathering, processing, treating, and transporting oil, natural-gas, and NGLs production, as well as the gathering and disposal of produced water. The company's oil and natural gas properties are located in the United States onshore and deepwater Gulf of Mexico; and Algeria, Ghana, Mozambique, Colombia, Peru, and other countries.