Anadarko Petroleum Co. (APC) Position Lowered by Gateway Investment Advisers LLC

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Gateway Investment Advisers LLC cut its holdings in shares of Anadarko Petroleum Co. (NYSE:APC) by 10.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,587 shares of the oil and gas development company’s stock after selling 2,634 shares during the period. Gateway Investment Advisers LLC’s holdings in Anadarko Petroleum were worth $982,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in APC. Tortoise Capital Advisors L.L.C. boosted its position in Anadarko Petroleum by 1.3% in the third quarter. Tortoise Capital Advisors L.L.C. now owns 147,053 shares of the oil and gas development company’s stock worth $9,913,000 after purchasing an additional 1,955 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Anadarko Petroleum by 1.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 8,079,505 shares of the oil and gas development company’s stock valued at $544,639,000 after purchasing an additional 138,019 shares during the period. LPL Financial LLC grew its stake in shares of Anadarko Petroleum by 1.3% during the 3rd quarter. LPL Financial LLC now owns 112,013 shares of the oil and gas development company’s stock valued at $7,551,000 after purchasing an additional 1,412 shares during the period. Vident Investment Advisory LLC grew its stake in shares of Anadarko Petroleum by 46.8% during the 3rd quarter. Vident Investment Advisory LLC now owns 4,442 shares of the oil and gas development company’s stock valued at $300,000 after purchasing an additional 1,417 shares during the period. Finally, Verition Fund Management LLC grew its stake in shares of Anadarko Petroleum by 50.5% during the 3rd quarter. Verition Fund Management LLC now owns 24,899 shares of the oil and gas development company’s stock valued at $1,678,000 after purchasing an additional 8,351 shares during the period. 87.06% of the stock is currently owned by institutional investors.

Shares of NYSE:APC opened at $63.60 on Wednesday. The company has a market cap of $31.10 billion, a P/E ratio of 28.14, a P/E/G ratio of 2.59 and a beta of 1.55. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.41. Anadarko Petroleum Co. has a 12-month low of $40.40 and a 12-month high of $76.70.

Anadarko Petroleum (NYSE:APC) last posted its quarterly earnings results on Tuesday, February 5th. The oil and gas development company reported $0.38 EPS for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.19). Anadarko Petroleum had a return on equity of 10.14% and a net margin of 4.60%. The business had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same period in the prior year, the firm posted $0.18 earnings per share. The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. On average, sell-side analysts expect that Anadarko Petroleum Co. will post 1.98 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 13th were issued a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $1.20 dividend on an annualized basis and a yield of 1.89%. Anadarko Petroleum’s dividend payout ratio is presently 53.10%.

A number of equities research analysts have issued reports on APC shares. Zacks Investment Research upgraded Anadarko Petroleum from a “sell” rating to a “hold” rating in a research note on Wednesday, January 9th. Mizuho restated a “buy” rating and set a $55.00 price target on shares of Anadarko Petroleum in a research note on Tuesday, February 12th. Mitsubishi UFJ Financial Group cut their price target on Anadarko Petroleum to $70.00 in a research note on Thursday, February 7th. SunTrust Banks set a $55.00 price target on Anadarko Petroleum and gave the company a “hold” rating in a research note on Tuesday, January 29th. Finally, Credit Suisse Group cut their price target on Anadarko Petroleum from $73.00 to $67.00 and set an “outperform” rating for the company in a research note on Wednesday, February 6th. Thirteen investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $73.58.

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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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