Sumitomo Mitsui Trust Holdings Inc. lessened its holdings in shares of Anadarko Petroleum Corporation (NYSE:APC) by 2.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,551,819 shares of the oil and gas development company’s stock after selling 40,683 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.28% of Anadarko Petroleum Corporation worth $75,806,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Klingenstein Fields & Co. LLC raised its holdings 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 acquiring an additional 40 shares in the last quarter. Optimum Investment Advisors raised its holdings in shares of Anadarko Petroleum Corporation by 0.9% during the second quarter. Optimum Investment Advisors now owns 11,541 shares of the oil and gas development company’s stock valued at $523,000 after acquiring an additional 100 shares in the last quarter. Bienville Capital Management LLC raised its holdings in shares of Anadarko Petroleum Corporation by 2.0% during the second quarter. Bienville Capital Management LLC now owns 5,840 shares of the oil and gas development company’s stock valued at $265,000 after acquiring an additional 112 shares in the last quarter. Honkamp Krueger Financial Services Inc. raised its holdings in shares of Anadarko Petroleum Corporation by 1.0% during the second quarter. Honkamp Krueger Financial Services Inc. now owns 13,721 shares of the oil and gas development company’s stock valued at $622,000 after acquiring an additional 135 shares in the last quarter. Finally, Berkshire Asset Management LLC PA raised its holdings in shares of Anadarko Petroleum Corporation by 1.9% during the second quarter. Berkshire Asset Management LLC PA now owns 7,884 shares of the oil and gas development company’s stock valued at $357,000 after acquiring an additional 144 shares in the last quarter. Institutional investors own 87.41% of the company’s stock.

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Shares of Anadarko Petroleum Corporation (NYSE APC) traded up $0.65 during trading hours on Friday, reaching $48.15. The company’s stock had a trading volume of 6,091,098 shares, compared to its average volume of 5,027,613. 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 fifty-two week low of $39.96 and a fifty-two week high of $73.33.

Anadarko Petroleum Corporation (NYSE:APC) last announced its earnings results on Tuesday, October 31st. The oil and gas development company reported ($0.77) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.56) by ($0.21). The firm 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 revenue for the quarter was up 31.9% on a year-over-year basis. During the same period in the previous year, the business posted ($0.89) earnings per share. equities analysts anticipate that Anadarko Petroleum Corporation will post -2.23 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 27th. Shareholders of record on Wednesday, December 13th will be given a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $0.20 annualized dividend and a yield of 0.42%. Anadarko Petroleum Corporation’s payout ratio is -5.65%.

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.

APC has been the subject of a number of research reports. Citigroup Inc. decreased their price objective on Anadarko Petroleum Corporation from $85.00 to $60.00 and set a “buy” rating for the company in a report on Friday, July 21st. Jefferies Group LLC set a $62.00 price objective on Anadarko Petroleum Corporation and gave the stock a “buy” rating in a report on Monday, August 28th. Royal Bank Of Canada set a $62.00 price objective on Anadarko Petroleum Corporation and gave the stock a “buy” rating in a report on Thursday, August 24th. Scotiabank set a $64.00 price objective on Anadarko Petroleum Corporation and gave the stock a “buy” rating in a report on Friday, August 11th. Finally, Mitsubishi UFJ Financial Group upgraded Anadarko Petroleum Corporation from a “neutral” rating to a “buy” rating and set a $66.00 price objective for the company in a report on Thursday, July 27th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $67.18.

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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