Taurus Asset Management LLC cut its stake in Anadarko Petroleum Corporation (NYSE:APC) by 25.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,990 shares of the oil and gas development company’s stock after selling 5,886 shares during the period. Taurus Asset Management LLC’s holdings in Anadarko Petroleum Corporation were worth $770,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Clean Yield Group bought a new position in Anadarko Petroleum Corporation during the first quarter valued at approximately $105,000. Assetmark Inc. increased its position in Anadarko Petroleum Corporation by 10.7% in the first quarter. Assetmark Inc. now owns 1,815 shares of the oil and gas development company’s stock valued at $113,000 after buying an additional 176 shares in the last quarter. Guardian Life Insurance Co. of America increased its position in Anadarko Petroleum Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,156 shares of the oil and gas development company’s stock valued at $134,000 after buying an additional 15 shares in the last quarter. Winch Advisory Services LLC increased its position in Anadarko Petroleum Corporation by 501.9% in the first quarter. Winch Advisory Services LLC now owns 2,167 shares of the oil and gas development company’s stock valued at $126,000 after buying an additional 1,807 shares in the last quarter. Finally, Financial Architects Inc increased its position in Anadarko Petroleum Corporation by 31.6% in the first quarter. Financial Architects Inc now owns 2,290 shares of the oil and gas development company’s stock valued at $142,000 after buying an additional 550 shares in the last quarter. 84.40% of the stock is currently owned by institutional investors.

Shares of Anadarko Petroleum Corporation (NYSE:APC) opened at 42.53 on Thursday. Anadarko Petroleum Corporation has a 52 week low of $42.36 and a 52 week high of $73.33. The firm’s 50-day moving average is $44.44 and its 200 day moving average is $54.79. The firm’s market capitalization is $23.83 billion.

Anadarko Petroleum Corporation (NYSE:APC) last announced its quarterly earnings results on Monday, July 24th. The oil and gas development company reported ($0.77) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by $0.42. The company had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Anadarko Petroleum Corporation had a negative net margin of 19.31% and a negative return on equity of 9.71%. The business’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) earnings per share. On average, equities analysts forecast that Anadarko Petroleum Corporation will post ($2.10) earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Wednesday, September 13th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, September 12th. This represents a $0.20 annualized dividend and a yield of 0.47%. Anadarko Petroleum Corporation’s dividend payout ratio is currently -5.14%.

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Several research analysts recently commented on the stock. UBS AG reaffirmed a “buy” rating and issued a $80.00 price target on shares of Anadarko Petroleum Corporation in a research note on Monday, May 15th. BidaskClub downgraded shares of Anadarko Petroleum Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday. Royal Bank Of Canada set a $78.00 target price on shares of Anadarko Petroleum Corporation and gave the company a “buy” rating in a research report on Saturday, June 17th. Scotiabank set a $64.00 target price on shares of Anadarko Petroleum Corporation and gave the company a “buy” rating in a research report on Friday, August 11th. Finally, Mitsubishi UFJ Financial Group raised shares of Anadarko Petroleum Corporation from a “neutral” rating to a “buy” rating and set a $66.00 target price on the stock in a research report on Thursday, July 27th. 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 given a strong buy rating to the company’s stock. Anadarko Petroleum Corporation presently has an average rating of “Buy” and an average price target of $69.73.

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.

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

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