HL Financial Services LLC decreased its stake in shares of Anadarko Petroleum Corp. (NYSE:APC) by 1.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,370 shares of the oil and gas development company’s stock after selling 625 shares during the period. HL Financial Services LLC’s holdings in Anadarko Petroleum Corp. were worth $2,416,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of APC. Loomis Sayles & Co. L P increased its position in shares of Anadarko Petroleum Corp. by 0.7% in the first quarter. Loomis Sayles & Co. L P now owns 3,424 shares of the oil and gas development company’s stock worth $159,000 after buying an additional 24 shares during the period. Park National Corp OH increased its position in shares of Anadarko Petroleum Corp. by 1.3% in the second quarter. Park National Corp OH now owns 5,929 shares of the oil and gas development company’s stock worth $316,000 after buying an additional 78 shares during the period. Palladium Partners LLC increased its position in shares of Anadarko Petroleum Corp. by 2.3% in the second quarter. Palladium Partners LLC now owns 4,453 shares of the oil and gas development company’s stock worth $237,000 after buying an additional 100 shares during the period. Security National Trust Co. increased its position in shares of Anadarko Petroleum Corp. by 4.9% in the second quarter. Security National Trust Co. now owns 2,138 shares of the oil and gas development company’s stock worth $114,000 after buying an additional 100 shares during the period. Finally, Pennsylvania Trust Co increased its position in shares of Anadarko Petroleum Corp. by 1.8% in the second quarter. Pennsylvania Trust Co now owns 5,786 shares of the oil and gas development company’s stock worth $308,000 after buying an additional 102 shares during the period. 85.16% of the stock is owned by hedge funds and other institutional investors.

Shares of Anadarko Petroleum Corp. (NYSE:APC) traded up 4.77% during trading on Wednesday, hitting $61.06. The stock had a trading volume of 8,091,508 shares. The stock’s 50-day moving average price is $55.46 and its 200 day moving average price is $51.92. The stock’s market cap is $31.17 billion. Anadarko Petroleum Corp. has a one year low of $28.16 and a one year high of $73.87.

Anadarko Petroleum Corp. (NYSE:APC) last released its earnings results on Tuesday, July 26th. The oil and gas development company reported ($0.60) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.80) by $0.20. The firm earned $1.92 billion during the quarter, compared to analyst estimates of $1.89 billion. Anadarko Petroleum Corp. had a negative net margin of 71.09% and a negative return on equity of 9.88%. The business’s revenue was down 27.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.01 EPS. On average, equities analysts forecast that Anadarko Petroleum Corp. will post ($2.65) EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 28th. Shareholders of record on Wednesday, September 14th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date of this dividend is Monday, September 12th. Anadarko Petroleum Corp.’s dividend payout ratio is -1.95%.

A number of brokerages have recently issued reports on APC. BMO Capital Markets reissued a “hold” rating and set a $55.00 target price on shares of Anadarko Petroleum Corp. in a research note on Wednesday, July 27th. Credit Suisse Group AG increased their target price on Anadarko Petroleum Corp. to $68.00 and gave the stock a “neutral” rating in a research note on Thursday, July 28th. Vetr raised Anadarko Petroleum Corp. from a “hold” rating to a “buy” rating and set a $54.50 target price for the company in a research note on Monday, June 27th. Zacks Investment Research downgraded Anadarko Petroleum Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. Finally, Argus reaffirmed a “buy” rating and issued a $56.00 price objective on shares of Anadarko Petroleum Corp. in a research note on Tuesday, May 24th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $68.32.

Anadarko Petroleum Corp. Company Profile

Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company’s segments include Oil and Gas Exploration & Production; Midstream, and Marketing. The Oil and Gas Exploration & Production segment explores for and produces oil, condensate, natural gas and natural gas liquids (NGLs), and focuses on the development and operation of the Company’s liquefied natural gas (LNG) project in Mozambique.

5 Day Chart for NYSE:APC

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