Berkshire Asset Management LLC PA decreased its position in Anadarko Petroleum Co. (NYSE:APC) by 11.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,740 shares of the oil and gas development company’s stock after selling 1,047 shares during the period. Berkshire Asset Management LLC PA’s holdings in Anadarko Petroleum were worth $480,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC raised its stake in Anadarko Petroleum by 10.1% in the fourth quarter. FMR LLC now owns 35,291,542 shares of the oil and gas development company’s stock worth $2,460,879,000 after buying an additional 3,250,663 shares during the last quarter. State Street Corp raised its stake in Anadarko Petroleum by 6.6% in the fourth quarter. State Street Corp now owns 28,405,456 shares of the oil and gas development company’s stock worth $1,980,720,000 after buying an additional 1,761,196 shares during the last quarter. Dodge & Cox purchased a new stake in Anadarko Petroleum during the fourth quarter worth $1,596,608,000. Carmignac Gestion raised its stake in Anadarko Petroleum by 2.4% in the third quarter. Carmignac Gestion now owns 13,944,742 shares of the oil and gas development company’s stock worth $883,539,000 after buying an additional 325,000 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in Anadarko Petroleum by 5.3% in the fourth quarter. Franklin Resources Inc. now owns 11,240,093 shares of the oil and gas development company’s stock worth $783,782,000 after buying an additional 568,880 shares during the last quarter. Hedge funds and other institutional investors own 88.16% of the company’s stock.

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

Anadarko Petroleum Co. (NYSE:APC) traded down 1.36% during midday trading on Tuesday, reaching $60.38. The company’s stock had a trading volume of 1,091,063 shares. The company’s market capitalization is $33.75 billion. Anadarko Petroleum Co. has a 1-year low of $44.81 and a 1-year high of $73.33. The company’s 50-day moving average price is $62.52 and its 200-day moving average price is $65.51.

Anadarko Petroleum (NYSE:APC) last issued its quarterly earnings results on Tuesday, January 31st. The oil and gas development company reported ($0.50) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.44) by $0.06. Anadarko Petroleum had a negative net margin of 39.03% and a negative return on equity of 10.57%. The firm earned $2.39 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter last year, the firm posted ($0.57) earnings per share. Anadarko Petroleum’s revenue was up 16.3% compared to the same quarter last year. On average, analysts predict that Anadarko Petroleum Co. will post ($0.18) earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 22nd. Stockholders of record on Wednesday, March 8th were issued a $0.05 dividend. The ex-dividend date was Monday, March 6th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.33%. Anadarko Petroleum’s dividend payout ratio (DPR) is -3.37%.

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A number of analysts recently weighed in on APC shares. Mitsubishi UFJ Financial Group lowered shares of Anadarko Petroleum from an “overweight” rating to a “neutral” rating and upped their target price for the stock from $64.00 to $72.00 in a research note on Friday, January 20th. Cowen and Company set a $86.00 price target on shares of Anadarko Petroleum and gave the company a “buy” rating in a research note on Thursday, February 2nd. Royal Bank of Canada reiterated a “buy” rating and issued a $81.00 price target on shares of Anadarko Petroleum in a research note on Wednesday, January 4th. Barclays PLC increased their price target on shares of Anadarko Petroleum from $60.00 to $62.00 and gave the company an “equal weight” rating in a research note on Monday, January 23rd. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $62.00 price target on shares of Anadarko Petroleum in a research note on Wednesday, March 22nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $76.66.

About Anadarko Petroleum

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.

5 Day Chart for NYSE:APC

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