Oppenheimer & Co. Inc. cut its stake in Anadarko Petroleum Corporation (NYSE:APC) by 16.2% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 47,408 shares of the oil and gas development company’s stock after selling 9,180 shares during the period. Oppenheimer & Co. Inc.’s holdings in Anadarko Petroleum Corporation were worth $2,939,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Edmond DE Rothschild Holding S.A. boosted its stake in Anadarko Petroleum Corporation by 2.9% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 837,600 shares of the oil and gas development company’s stock valued at $51,931,000 after buying an additional 23,600 shares during the period. Bronson Point Management LLC purchased a new stake in Anadarko Petroleum Corporation during the first quarter valued at approximately $10,230,000. Schwab Charles Investment Management Inc. boosted its stake in Anadarko Petroleum Corporation by 8.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 1,975,465 shares of the oil and gas development company’s stock valued at $122,479,000 after buying an additional 146,863 shares during the period. Amalgamated Bank boosted its stake in Anadarko Petroleum Corporation by 8.9% in the first quarter. Amalgamated Bank now owns 34,693 shares of the oil and gas development company’s stock valued at $2,151,000 after buying an additional 2,829 shares during the period. Finally, KCG Holdings Inc. boosted its stake in Anadarko Petroleum Corporation by 123.7% in the first quarter. KCG Holdings Inc. now owns 81,647 shares of the oil and gas development company’s stock valued at $5,062,000 after buying an additional 45,143 shares during the period. Institutional investors own 84.70% of the company’s stock.

Anadarko Petroleum Corporation (APC) traded up 2.56% during midday trading on Friday, hitting $44.89. 4,609,967 shares of the company traded hands. The company’s market cap is $25.15 billion. The stock has a 50 day moving average price of $45.16 and a 200-day moving average price of $56.70. Anadarko Petroleum Corporation has a 12-month low of $42.58 and a 12-month high of $73.33.

Anadarko Petroleum Corporation (NYSE:APC) last issued its earnings results on Monday, July 24th. The oil and gas development company reported ($0.77) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.35) by $0.42. The business had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.50 billion. Anadarko Petroleum Corporation had a negative net margin of 19.31% and a negative return on equity of 9.71%. Anadarko Petroleum Corporation’s revenue for the quarter was up 41.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.60) EPS. Analysts expect that Anadarko Petroleum Corporation will post ($2.11) EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 13th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.45%. Anadarko Petroleum Corporation’s dividend payout ratio is -5.14%.

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Several research firms have recently commented on APC. BidaskClub cut shares of Anadarko Petroleum Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Mitsubishi UFJ Financial Group upgraded shares of Anadarko Petroleum Corporation from a “neutral” rating to a “buy” rating and set a $66.00 target price for the company in a research note on Thursday, July 27th. UBS AG upgraded shares of Anadarko Petroleum Corporation from a “neutral” rating to an “overweight” rating in a research note on Thursday, July 27th. Capital One Financial Corporation restated an “overweight” rating on shares of Anadarko Petroleum Corporation in a research note on Wednesday, July 26th. Finally, Bank of America Corporation reduced their target price on shares of Anadarko Petroleum Corporation from $81.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday, July 25th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $69.81.

In other news, Director Peter J. Fluor purchased 20,000 shares of the stock in a transaction that occurred on Wednesday, May 17th. The stock was acquired at an average price of $51.83 per share, with a total value of $1,036,600.00. Following the purchase, the director now owns 146,750 shares in the company, valued at approximately $7,606,052.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman R A. Walker purchased 19,300 shares of the stock in a transaction that occurred on Wednesday, May 17th. The stock was purchased at an average cost of $51.82 per share, with a total value of $1,000,126.00. Following the purchase, the chairman now owns 176,718 shares in the company, valued at approximately $9,157,526.76. The disclosure for this purchase can be found here. Insiders bought a total of 41,205 shares of company stock worth $2,136,700 in the last quarter. 0.45% of the stock is owned by corporate insiders.

Anadarko Petroleum Corporation Company Profile

Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company is engaged in developing, acquiring, and exploring for oil and natural-gas resources. The Company’s segments include Oil and Gas Exploration and Production; Midstream, and Marketing. The Company’s geographical segments include the United States and International.

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

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