Kimelman & Baird LLC Decreases Holdings in Anadarko Petroleum Co. (APC)

Kimelman & Baird LLC lowered its stake in shares of Anadarko Petroleum Co. (NYSE:APC) by 4.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,058 shares of the oil and gas development company’s stock after selling 500 shares during the period. Kimelman & Baird LLC’s holdings in Anadarko Petroleum were worth $529,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Claybrook Capital LLC acquired a new stake in shares of Anadarko Petroleum in the 4th quarter valued at $29,000. We Are One Seven LLC acquired a new stake in shares of Anadarko Petroleum in the 4th quarter valued at $41,000. Legacy Bridge LLC acquired a new stake in shares of Anadarko Petroleum in the 4th quarter valued at $43,000. Lindbrook Capital LLC acquired a new stake in shares of Anadarko Petroleum in the 4th quarter valued at $43,000. Finally, Bremer Trust National Association acquired a new stake in shares of Anadarko Petroleum in the 4th quarter valued at $47,000. 86.99% of the stock is owned by institutional investors.

APC traded up $0.09 during trading on Monday, hitting $43.32. The stock had a trading volume of 1,410,427 shares, compared to its average volume of 4,971,841. The company has a market capitalization of $21.60 billion, a PE ratio of 19.17, a price-to-earnings-growth ratio of 2.24 and a beta of 1.54. Anadarko Petroleum Co. has a 12 month low of $40.40 and a 12 month high of $76.70. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.81 and a quick ratio of 0.81.



Anadarko Petroleum (NYSE:APC) last announced its earnings results on Tuesday, February 5th. The oil and gas development company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.19). The firm had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.47 billion. Anadarko Petroleum had a return on equity of 10.14% and a net margin of 4.60%. The business’s revenue was up 14.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.18 EPS. Analysts anticipate that Anadarko Petroleum Co. will post 1.59 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 13th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, March 12th. This represents a $1.20 annualized dividend and a dividend yield of 2.77%. Anadarko Petroleum’s payout ratio is 53.10%.

Several research firms recently issued reports on APC. Mizuho lowered shares of Anadarko Petroleum from a “buy” rating to a “neutral” rating and set a $51.00 price objective for the company. in a research note on Tuesday, March 19th. Zacks Investment Research raised shares of Anadarko Petroleum from a “sell” rating to a “hold” rating in a research note on Tuesday, March 12th. Guggenheim set a $69.00 price objective on shares of Anadarko Petroleum and gave the company a “buy” rating in a research note on Friday, February 22nd. Mitsubishi UFJ Financial Group reduced their price objective on shares of Anadarko Petroleum to $70.00 in a research note on Thursday, February 7th. Finally, Credit Suisse Group reduced their price objective on shares of Anadarko Petroleum from $73.00 to $67.00 and set an “outperform” rating for the company in a research note on Wednesday, February 6th. Eight analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $75.63.

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About Anadarko Petroleum

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).

Further Reading: Ex-Dividend

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Institutional Ownership by Quarter for Anadarko Petroleum (NYSE:APC)

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