Dai Ichi Life Insurance Company Ltd lowered its holdings in shares of Anadarko Petroleum Corporation (NYSE:APC) by 13.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 82,074 shares of the oil and gas development company’s stock after selling 12,366 shares during the quarter. Dai Ichi Life Insurance Company Ltd’s holdings in Anadarko Petroleum Corporation were worth $3,721,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Clean Yield Group bought a new position in Anadarko Petroleum Corporation during the first quarter valued at $105,000. Assetmark Inc. lifted its position in Anadarko Petroleum Corporation by 10.7% during the first quarter. Assetmark Inc. now owns 1,815 shares of the oil and gas development company’s stock valued at $113,000 after purchasing an additional 176 shares during the last quarter. Guardian Life Insurance Co. of America lifted its position in Anadarko Petroleum Corporation by 0.7% during 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 purchasing an additional 15 shares during the last quarter. Fifth Third Bancorp lifted its position in Anadarko Petroleum Corporation by 33.9% during the first quarter. Fifth Third Bancorp now owns 2,687 shares of the oil and gas development company’s stock valued at $167,000 after purchasing an additional 680 shares during the last quarter. Finally, FUKOKU MUTUAL LIFE INSURANCE Co lifted its position in Anadarko Petroleum Corporation by 50.5% during the first quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 2,980 shares of the oil and gas development company’s stock valued at $185,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 85.08% of the company’s stock.

Anadarko Petroleum Corporation (APC) opened at 41.02 on Tuesday. The stock has a 50 day moving average of $43.21 and a 200-day moving average of $51.54. Anadarko Petroleum Corporation has a 12 month low of $39.96 and a 12 month high of $73.33. The stock’s market cap is $22.99 billion.

Anadarko Petroleum Corporation (NYSE:APC) last released its earnings results on Monday, July 24th. The oil and gas development company reported ($0.77) earnings per share for the quarter, missing the Zacks’ 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 firm had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter in the previous year, the company posted ($0.60) earnings per share. The firm’s quarterly revenue was up 41.8% on a year-over-year basis. On average, equities analysts forecast that Anadarko Petroleum Corporation will post ($2.13) EPS for the current fiscal year.

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 0.49%. Anadarko Petroleum Corporation’s payout ratio is -5.14%.

Several research firms have commented on APC. Zacks Investment Research lowered shares of Anadarko Petroleum Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Susquehanna Bancshares Inc began coverage on shares of Anadarko Petroleum Corporation in a research report on Thursday, June 29th. They set a “positive” rating and a $60.00 price objective for the company. Citigroup Inc. lowered their price objective on shares of Anadarko Petroleum Corporation from $85.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Stifel Nicolaus reiterated a “buy” rating and set a $79.00 price objective on shares of Anadarko Petroleum Corporation in a research report on Friday, May 26th. Finally, Cowen and Company set a $60.00 price objective on shares of Anadarko Petroleum Corporation and gave the company a “buy” rating in a research report on Wednesday, July 19th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. Anadarko Petroleum Corporation currently has a consensus rating of “Buy” and a consensus target price of $69.73.

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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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