Neuberger Berman Group LLC cut its position in Anadarko Petroleum Corporation (NYSE:APC) by 36.6% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,607,383 shares of the oil and gas development company’s stock after selling 928,225 shares during the period. Neuberger Berman Group LLC owned 0.29% of Anadarko Petroleum Corporation worth $72,879,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in APC. Pacer Advisors Inc. boosted its position in shares of Anadarko Petroleum Corporation by 8.3% in the second quarter. Pacer Advisors Inc. now owns 12,081 shares of the oil and gas development company’s stock worth $548,000 after buying an additional 928 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Anadarko Petroleum Corporation by 1.6% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,121,709 shares of the oil and gas development company’s stock worth $50,858,000 after buying an additional 17,411 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Anadarko Petroleum Corporation by 65.8% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 151,226 shares of the oil and gas development company’s stock worth $6,857,000 after buying an additional 60,043 shares in the last quarter. Airain ltd boosted its position in shares of Anadarko Petroleum Corporation by 237.5% in the second quarter. Airain ltd now owns 239,511 shares of the oil and gas development company’s stock worth $10,859,000 after buying an additional 168,543 shares in the last quarter. Finally, Andra AP fonden boosted its position in shares of Anadarko Petroleum Corporation by 13.7% in the second quarter. Andra AP fonden now owns 84,000 shares of the oil and gas development company’s stock worth $3,809,000 after buying an additional 10,100 shares in the last quarter. 85.07% of the stock is currently owned by institutional investors.

Anadarko Petroleum Corporation (NYSE APC) opened at 40.93 on Friday. The stock’s market capitalization is $22.94 billion. The firm has a 50-day moving average of $43.66 and a 200 day moving average of $52.78. Anadarko Petroleum Corporation has a 12-month low of $40.47 and a 12-month high of $73.33.

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. Anadarko Petroleum Corporation had a negative return on equity of 9.71% and a negative net margin of 19.31%. The company had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the prior year, the business earned ($0.60) earnings per share. Anadarko Petroleum Corporation’s revenue was up 41.8% compared to the same quarter last year. On average, analysts predict that Anadarko Petroleum Corporation will post ($2.13) earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 27th. Investors of record on Wednesday, September 13th will be paid a dividend of $0.05 per share. The ex-dividend date is Tuesday, September 12th. This represents a $0.20 annualized dividend and a yield of 0.49%. Anadarko Petroleum Corporation’s dividend payout ratio is currently -5.14%.

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A number of equities analysts recently commented on the company. Jefferies Group LLC set a $62.00 target price on Anadarko Petroleum Corporation and gave the stock a “buy” rating in a report on Monday. Royal Bank Of Canada set a $62.00 price target on Anadarko Petroleum Corporation and gave the company a “buy” rating in a report on Thursday, August 24th. BidaskClub cut Anadarko Petroleum Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th. Scotiabank set a $64.00 price target on Anadarko Petroleum Corporation and gave the company a “buy” rating in a report on Friday, August 11th. Finally, Mitsubishi UFJ Financial Group raised Anadarko Petroleum Corporation from a “neutral” rating to a “buy” rating and set a $66.00 price target on the stock in a report on Thursday, July 27th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $69.73.

About Anadarko Petroleum Corporation

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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