Sei Investments Co. lessened its stake in shares of Anadarko Petroleum Corporation (NYSE:APC) by 0.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 327,603 shares of the oil and gas development company’s stock after selling 2,398 shares during the quarter. Sei Investments Co. owned approximately 0.06% of Anadarko Petroleum Corporation worth $16,087,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Klingenstein Fields & Co. LLC boosted its stake in shares of Anadarko Petroleum Corporation by 0.8% during the second quarter. Klingenstein Fields & Co. LLC now owns 5,250 shares of the oil and gas development company’s stock valued at $238,000 after purchasing an additional 40 shares during the period. Optimum Investment Advisors lifted its stake in Anadarko Petroleum Corporation by 0.9% in the second quarter. Optimum Investment Advisors now owns 11,541 shares of the oil and gas development company’s stock worth $523,000 after acquiring an additional 100 shares during the period. Bienville Capital Management LLC lifted its stake in Anadarko Petroleum Corporation by 2.0% in the second quarter. Bienville Capital Management LLC now owns 5,840 shares of the oil and gas development company’s stock worth $265,000 after acquiring an additional 112 shares during the period. Honkamp Krueger Financial Services Inc. lifted its stake in Anadarko Petroleum Corporation by 1.0% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 13,721 shares of the oil and gas development company’s stock worth $622,000 after acquiring an additional 135 shares during the period. Finally, Berkshire Asset Management LLC PA lifted its stake in Anadarko Petroleum Corporation by 1.9% in the second quarter. Berkshire Asset Management LLC PA now owns 7,884 shares of the oil and gas development company’s stock worth $357,000 after acquiring an additional 144 shares during the period. 87.41% of the stock is owned by hedge funds and other institutional investors.

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Shares of Anadarko Petroleum Corporation (NYSE APC) opened at $47.62 on Thursday. Anadarko Petroleum Corporation has a twelve month low of $39.96 and a twelve month 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 released its quarterly earnings data on Tuesday, October 31st. The oil and gas development company reported ($0.77) EPS for the quarter, missing the consensus estimate of ($0.56) by ($0.21). Anadarko Petroleum Corporation had a negative return on equity of 9.82% and a negative net margin of 17.13%. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the previous year, the business posted ($0.89) earnings per share. Anadarko Petroleum Corporation’s quarterly revenue was up 31.9% compared to the same quarter last year. sell-side analysts predict that Anadarko Petroleum Corporation will post -2.23 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 27th. Investors of record on Wednesday, December 13th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.42%. Anadarko Petroleum Corporation’s payout ratio is -5.63%.

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

A number of analysts recently commented on APC shares. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $62.00 price target on shares of Anadarko Petroleum Corporation in a research note on Friday, September 29th. BMO Capital Markets reaffirmed a “hold” rating and issued a $53.00 price target on shares of Anadarko Petroleum Corporation in a research note on Monday, September 4th. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $48.00 price target (down previously from $55.00) on shares of Anadarko Petroleum Corporation in a research note on Saturday, July 22nd. BidaskClub lowered Anadarko Petroleum Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Finally, Scotiabank set a $64.00 price target on Anadarko Petroleum Corporation and gave the stock a “buy” rating in a research note on Friday, August 11th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $66.77.

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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