PNC Financial Services Group Inc. lowered its stake in shares of Anadarko Petroleum Corp. (NYSE:APC) by 1.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 291,415 shares of the oil and gas development company’s stock after selling 5,212 shares during the period. PNC Financial Services Group Inc. owned about 0.06% of Anadarko Petroleum Corp. worth $18,464,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Creative Planning boosted its stake in shares of Anadarko Petroleum Corp. by 55.7% in the second quarter. Creative Planning now owns 58,885 shares of the oil and gas development company’s stock valued at $3,136,000 after buying an additional 21,056 shares in the last quarter. Atria Investments LLC bought a new stake in shares of Anadarko Petroleum Corp. during the second quarter valued at about $211,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in shares of Anadarko Petroleum Corp. by 4.8% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 7,363 shares of the oil and gas development company’s stock valued at $392,000 after buying an additional 338 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Anadarko Petroleum Corp. by 428.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 8,634 shares of the oil and gas development company’s stock valued at $460,000 after buying an additional 7,000 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. boosted its stake in shares of Anadarko Petroleum Corp. by 1.7% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 438,011 shares of the oil and gas development company’s stock valued at $23,324,000 after buying an additional 7,423 shares in the last quarter. 85.93% of the stock is owned by institutional investors.

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

Anadarko Petroleum Corp. (NYSE:APC) traded up 11.37% during trading on Wednesday, reaching $67.00. 5,383,723 shares of the company were exchanged. The firm has a 50-day moving average of $62.09 and a 200-day moving average of $56.77. The firm’s market cap is $37.45 billion. Anadarko Petroleum Corp. has a 52-week low of $28.16 and a 52-week high of $67.01.

Anadarko Petroleum Corp. (NYSE:APC) last released its quarterly earnings results on Monday, October 31st. The oil and gas development company reported ($0.89) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.54) by $0.35. The firm earned $1.89 billion during the quarter, compared to analyst estimates of $2.19 billion. Anadarko Petroleum Corp. had a negative net margin of 50.51% and a negative return on equity of 10.73%. Anadarko Petroleum Corp.’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the firm earned ($0.72) earnings per share. On average, equities analysts forecast that Anadarko Petroleum Corp. will post ($3.05) EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 28th. Stockholders of record on Wednesday, December 14th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, December 12th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.33%. Anadarko Petroleum Corp.’s payout ratio is -2.68%.

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Several brokerages have recently issued reports on APC. JPMorgan Chase & Co. reissued a “buy” rating on shares of Anadarko Petroleum Corp. in a research note on Thursday, October 6th. Deutsche Bank AG raised shares of Anadarko Petroleum Corp. from a “hold” rating to a “buy” rating and upped their price target for the stock from $64.00 to $77.00 in a research report on Thursday, October 13th. Barclays PLC upped their price target on shares of Anadarko Petroleum Corp. from $50.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 4th. Guggenheim raised shares of Anadarko Petroleum Corp. from a “neutral” rating to a “buy” rating and set a $80.00 price target for the company in a research report on Friday, November 11th. Finally, Wells Fargo & Co. set a $70.00 price target on shares of Anadarko Petroleum Corp. and gave the stock a “buy” rating in a research report on Friday, September 23rd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $68.48.

Anadarko Petroleum Corp. Company Profile

Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company’s segments include Oil and Gas Exploration & Production; Midstream, and Marketing. The Oil and Gas Exploration & Production segment explores for and produces oil, condensate, natural gas and natural gas liquids (NGLs), and focuses on the development and operation of the Company’s liquefied natural gas (LNG) project in Mozambique.

5 Day Chart for NYSE:APC

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