Tocqueville Asset Management L.P. lowered its stake in Anadarko Petroleum Corporation (NYSE:APC) by 39.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,195 shares of the oil and gas development company’s stock after selling 25,659 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in Anadarko Petroleum Corporation were worth $1,915,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Fis Group Inc. purchased a new stake in Anadarko Petroleum Corporation in the 3rd quarter worth $107,000. FNY Partners Fund LP lifted its stake in Anadarko Petroleum Corporation by 2,900.0% in the 2nd quarter. FNY Partners Fund LP now owns 3,000 shares of the oil and gas development company’s stock worth $136,000 after purchasing an additional 2,900 shares in the last quarter. Sun Life Financial INC lifted its stake in Anadarko Petroleum Corporation by 1,363.4% in the 2nd quarter. Sun Life Financial INC now owns 3,000 shares of the oil and gas development company’s stock worth $136,000 after purchasing an additional 2,795 shares in the last quarter. YorkBridge Wealth Partners LLC lifted its stake in Anadarko Petroleum Corporation by 12.5% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 3,606 shares of the oil and gas development company’s stock worth $166,000 after purchasing an additional 402 shares in the last quarter. Finally, Trust Co. of Vermont lifted its stake in Anadarko Petroleum Corporation by 24.5% in the 2nd quarter. Trust Co. of Vermont now owns 4,117 shares of the oil and gas development company’s stock worth $187,000 after purchasing an additional 811 shares in the last quarter. Institutional investors and hedge funds own 87.74% of the company’s stock.

Shares of Anadarko Petroleum Corporation (NYSE APC) opened at $51.08 on Wednesday. Anadarko Petroleum Corporation has a one year low of $39.96 and a one year high of $73.33. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 1.11.

Anadarko Petroleum Corporation (NYSE:APC) last posted its quarterly earnings results on Tuesday, October 31st. The oil and gas development company reported ($0.77) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.56) by ($0.21). The company had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Anadarko Petroleum Corporation had a negative return on equity of 9.82% and a negative net margin of 17.13%. The company’s quarterly revenue was up 31.9% on a year-over-year basis. During the same period in the prior year, the business posted ($0.89) EPS. sell-side analysts expect that Anadarko Petroleum Corporation will post -2.31 EPS for the current fiscal year.

Anadarko Petroleum Corporation declared that its board has initiated a share buyback program on Wednesday, September 20th that authorizes the company to repurchase $2.50 billion in shares. This repurchase authorization authorizes the oil and gas development company to buy up to 10% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

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Several analysts have commented on the stock. Mitsubishi UFJ Financial Group upgraded shares of Anadarko Petroleum Corporation from a “neutral” rating to a “buy” rating and set a $66.00 price target on the stock in a research note on Thursday, July 27th. BidaskClub cut shares of Anadarko Petroleum Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 17th. Scotiabank restated a “buy” rating and set a $62.00 target price on shares of Anadarko Petroleum Corporation in a research report on Wednesday, November 1st. Stifel Nicolaus restated a “buy” rating and set a $78.00 target price (down from $80.00) on shares of Anadarko Petroleum Corporation in a research report on Tuesday, July 25th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $62.00 target price on shares of Anadarko Petroleum Corporation in a research report on Thursday, July 20th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $67.35.

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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