E&G Advisors LP lowered its stake in shares of Anadarko Petroleum Co. (NYSE:APC) by 25.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,902 shares of the oil and gas development company’s stock after selling 4,415 shares during the period. E&G Advisors LP’s holdings in Anadarko Petroleum were worth $692,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in APC. Riverhead Capital Management LLC raised its holdings in shares of Anadarko Petroleum by 19.5% during the second quarter. Riverhead Capital Management LLC now owns 12,899 shares of the oil and gas development company’s stock valued at $585,000 after purchasing an additional 2,104 shares during the period. BlueMountain Capital Management LLC raised its holdings in shares of Anadarko Petroleum by 3,843.7% during the second quarter. BlueMountain Capital Management LLC now owns 49,612 shares of the oil and gas development company’s stock valued at $2,249,000 after purchasing an additional 48,354 shares during the period. ProShare Advisors LLC raised its holdings in shares of Anadarko Petroleum by 28.1% during the second quarter. ProShare Advisors LLC now owns 131,290 shares of the oil and gas development company’s stock valued at $5,953,000 after purchasing an additional 28,819 shares during the period. Sandy Spring Bank raised its holdings in shares of Anadarko Petroleum by 31.2% during the second quarter. Sandy Spring Bank now owns 11,023 shares of the oil and gas development company’s stock valued at $500,000 after purchasing an additional 2,620 shares during the period. Finally, New York State Common Retirement Fund raised its holdings in shares of Anadarko Petroleum by 9.7% during the second quarter. New York State Common Retirement Fund now owns 1,640,104 shares of the oil and gas development company’s stock valued at $74,362,000 after purchasing an additional 145,203 shares during the period. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Anadarko Petroleum Co. (NYSE APC) traded down $0.43 during trading hours on Tuesday, hitting $58.55. 6,047,877 shares of the stock traded hands, compared to its average volume of 5,268,340. Anadarko Petroleum Co. has a one year low of $39.96 and a one year high of $71.97. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $32,040.00, a P/E ratio of -16.54 and a beta of 1.38.

Anadarko Petroleum (NYSE:APC) last issued its quarterly earnings data 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 return on equity of 9.82% and a negative net margin of 17.13%. The firm had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the previous year, the company posted ($0.89) earnings per share. The company’s revenue for the quarter was up 31.9% on a year-over-year basis. equities research analysts predict that Anadarko Petroleum Co. will post -2.2 earnings per share for the current year.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 27th. Shareholders of record on Wednesday, December 13th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date of this dividend was Tuesday, December 12th. Anadarko Petroleum’s payout ratio is -5.65%.

Several equities analysts have recently weighed in on APC shares. Barclays upped their price objective on shares of Anadarko Petroleum from $35.00 to $37.00 and gave the company an “underweight” rating in a report on Wednesday, October 11th. Stifel Nicolaus dropped their price objective on shares of Anadarko Petroleum from $73.00 to $72.00 and set a “buy” rating on the stock in a report on Wednesday, November 1st. Seaport Global Securities upgraded shares of Anadarko Petroleum from a “neutral” rating to a “buy” rating in a report on Tuesday, December 19th. BMO Capital Markets set a $50.00 price objective on shares of Anadarko Petroleum and gave the company a “hold” rating in a report on Tuesday, October 10th. Finally, Credit Suisse Group started coverage on shares of Anadarko Petroleum in a research report on Monday, December 11th. They set an “outperform” rating and a $61.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nineteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $65.00.

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Anadarko Petroleum 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 (NYSE:APC)

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