AMP Capital Investors Ltd cut its position in shares of Anadarko Petroleum Corporation (NYSE:APC) by 18.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 165,422 shares of the oil and gas development company’s stock after selling 36,564 shares during the period. AMP Capital Investors Ltd’s holdings in Anadarko Petroleum were worth $8,081,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its position in Anadarko Petroleum by 4.5% in the 2nd quarter. IFP Advisors Inc now owns 7,363 shares of the oil and gas development company’s stock valued at $334,000 after buying an additional 320 shares during the period. Schwab Charles Investment Management Inc. boosted its position in Anadarko Petroleum by 7.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,116,591 shares of the oil and gas development company’s stock valued at $95,967,000 after buying an additional 141,126 shares during the period. First Trust Advisors LP boosted its position in Anadarko Petroleum by 9.0% in the 2nd quarter. First Trust Advisors LP now owns 225,108 shares of the oil and gas development company’s stock valued at $10,206,000 after buying an additional 18,612 shares during the period. Advisors Asset Management Inc. boosted its position in Anadarko Petroleum by 6.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 37,070 shares of the oil and gas development company’s stock valued at $1,681,000 after buying an additional 2,156 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in Anadarko Petroleum by 0.6% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 210,524 shares of the oil and gas development company’s stock valued at $9,545,000 after buying an additional 1,207 shares during the period. 87.91% of the stock is owned by hedge funds and other institutional investors.

Anadarko Petroleum Corporation (APC) opened at $48.54 on Wednesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.03 and a current ratio of 2.03. Anadarko Petroleum Corporation has a 52 week low of $39.96 and a 52 week high of $72.73.

Anadarko Petroleum (NYSE:APC) last issued 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). Anadarko Petroleum had a negative net margin of 17.13% and a negative return on equity of 9.82%. The company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the previous year, the company posted ($0.89) EPS. The company’s revenue for the quarter was up 31.9% compared to the same quarter last year. research analysts expect that Anadarko Petroleum Corporation will post -2.24 earnings per share for the current fiscal year.

Anadarko Petroleum declared that its Board of Directors has initiated a share buyback plan on Wednesday, September 20th that authorizes the company to buyback $2.50 billion in outstanding shares. This buyback authorization authorizes the oil and gas development company to buy up to 10% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 27th. Shareholders of record on Wednesday, December 13th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.41%. Anadarko Petroleum’s payout ratio is -5.63%.

APC has been the subject of several research reports. Jefferies Group reissued a “buy” rating and issued a $57.00 price objective on shares of Anadarko Petroleum in a research report on Tuesday, October 10th. Stifel Nicolaus reissued a “buy” rating on shares of Anadarko Petroleum in a research report on Sunday, September 3rd. Royal Bank of Canada set a $62.00 price objective on shares of Anadarko Petroleum and gave the company a “buy” rating in a research report on Thursday, August 24th. Scotiabank reissued a “buy” rating and issued a $64.00 price objective on shares of Anadarko Petroleum in a research report on Friday, September 22nd. Finally, Mitsubishi UFJ Financial Group reissued a “buy” rating and issued a $66.00 price objective on shares of Anadarko Petroleum in a research report on Thursday, September 21st. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. Anadarko Petroleum has a consensus rating of “Buy” and an average price target of $66.23.

ILLEGAL ACTIVITY WARNING: “Anadarko Petroleum Corporation (APC) Position Lowered by AMP Capital Investors Ltd” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/12/13/anadarko-petroleum-corporation-apc-position-lowered-by-amp-capital-investors-ltd.html.

About Anadarko Petroleum

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 (NYSE:APC)

Receive News & Stock Ratings for Anadarko Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anadarko Petroleum and related stocks with our FREE daily email newsletter.