Wealthfront Advisers LLC reduced its stake in shares of Anadarko Petroleum Co. (NYSE:APC) by 11.7% during the 1st quarter, HoldingsChannel reports. The fund owned 9,976 shares of the oil and gas development company’s stock after selling 1,318 shares during the quarter. Wealthfront Advisers LLC’s holdings in Anadarko Petroleum were worth $454,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in APC. IndexIQ Advisors LLC increased its stake in Anadarko Petroleum by 3.3% in the first quarter. IndexIQ Advisors LLC now owns 4,990 shares of the oil and gas development company’s stock valued at $227,000 after purchasing an additional 161 shares during the period. Tocqueville Asset Management L.P. increased its stake in Anadarko Petroleum by 1.0% in the first quarter. Tocqueville Asset Management L.P. now owns 17,500 shares of the oil and gas development company’s stock valued at $796,000 after purchasing an additional 165 shares during the period. Shine Investment Advisory Services Inc. increased its stake in Anadarko Petroleum by 35.0% in the first quarter. Shine Investment Advisory Services Inc. now owns 675 shares of the oil and gas development company’s stock valued at $31,000 after purchasing an additional 175 shares during the period. Moors & Cabot Inc. increased its stake in Anadarko Petroleum by 2.9% in the first quarter. Moors & Cabot Inc. now owns 6,307 shares of the oil and gas development company’s stock valued at $287,000 after purchasing an additional 175 shares during the period. Finally, Nissay Asset Management Corp Japan ADV increased its stake in Anadarko Petroleum by 0.3% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 62,992 shares of the oil and gas development company’s stock valued at $2,865,000 after purchasing an additional 192 shares during the period. Hedge funds and other institutional investors own 85.78% of the company’s stock.

A number of research analysts have commented on APC shares. Societe Generale lowered shares of Anadarko Petroleum from a “buy” rating to a “hold” rating in a research note on Friday, April 12th. Tudor Pickering lowered shares of Anadarko Petroleum from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. JPMorgan Chase & Co. lowered shares of Anadarko Petroleum from an “overweight” rating to a “neutral” rating and set a $65.00 price target on the stock. in a research note on Monday, April 29th. Cowen lowered shares of Anadarko Petroleum from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $71.00 to $72.00 in a research note on Wednesday, May 22nd. Finally, Piper Jaffray Companies lowered shares of Anadarko Petroleum from an “overweight” rating to a “neutral” rating and set a $65.00 price target on the stock. in a research note on Monday, April 22nd. One research analyst has rated the stock with a sell rating, twenty-three have issued a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $70.25.

APC stock opened at $69.83 on Friday. The stock has a market cap of $35.06 billion, a P/E ratio of 30.90, a P/E/G ratio of 4.00 and a beta of 1.72. Anadarko Petroleum Co. has a 52 week low of $40.40 and a 52 week high of $76.70. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.51.

Anadarko Petroleum (NYSE:APC) last released its quarterly earnings data on Thursday, April 25th. The oil and gas development company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.23. The firm had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $2.91 billion. Anadarko Petroleum had a net margin of 3.53% and a return on equity of 10.24%. The firm’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.52 earnings per share. On average, equities analysts predict that Anadarko Petroleum Co. will post 2.69 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Wednesday, June 12th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date is Tuesday, June 11th. Anadarko Petroleum’s dividend payout ratio is currently 53.10%.

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Anadarko Petroleum Company Profile

Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of oil and gas properties. It operates through three segments: Exploration and Production, WES Midstream, and Other Midstream. The company explores for and produces oil, natural gas, and natural gas liquids (NGLs).

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Institutional Ownership by Quarter for Anadarko Petroleum (NYSE:APC)

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