Atria Investments LLC reduced its stake in Anadarko Petroleum Corporation (NYSE:APC) by 18.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,467 shares of the oil and gas development company’s stock after selling 1,451 shares during the period. Atria Investments LLC’s holdings in Anadarko Petroleum Corporation were worth $293,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Clean Yield Group bought a new position in shares of Anadarko Petroleum Corporation during the first quarter valued at about $105,000. Assetmark Inc. raised its position in shares of Anadarko Petroleum Corporation by 10.7% in the first quarter. Assetmark Inc. now owns 1,815 shares of the oil and gas development company’s stock valued at $113,000 after buying an additional 176 shares during the period. Guardian Life Insurance Co. of America raised its position in shares of Anadarko Petroleum Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,156 shares of the oil and gas development company’s stock valued at $134,000 after buying an additional 15 shares during the period. Winch Advisory Services LLC raised its position in shares of Anadarko Petroleum Corporation by 501.9% in the first quarter. Winch Advisory Services LLC now owns 2,167 shares of the oil and gas development company’s stock valued at $126,000 after buying an additional 1,807 shares during the period. Finally, Financial Architects Inc raised its position in shares of Anadarko Petroleum Corporation by 31.6% in the first quarter. Financial Architects Inc now owns 2,290 shares of the oil and gas development company’s stock valued at $142,000 after buying an additional 550 shares during the period. Institutional investors own 85.12% of the company’s stock.

Anadarko Petroleum Corporation (NYSE:APC) opened at 43.84 on Friday. The firm’s 50 day moving average is $45.96 and its 200-day moving average is $58.28. The company’s market cap is $24.57 billion. Anadarko Petroleum Corporation has a 52 week low of $42.58 and a 52 week high of $73.33.

Anadarko Petroleum Corporation (NYSE:APC) last released its quarterly earnings data on Tuesday, May 2nd. The oil and gas development company reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by $0.34. The company had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $2.64 billion. Anadarko Petroleum Corporation had a negative net margin of 23.64% and a negative return on equity of 8.94%. On average, analysts predict that Anadarko Petroleum Corporation will post ($1.25) earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 28th. Shareholders of record on Wednesday, June 14th were given a $0.05 dividend. The ex-dividend date of this dividend was Monday, June 12th. This represents a $0.20 annualized dividend and a yield of 0.46%. Anadarko Petroleum Corporation’s dividend payout ratio (DPR) is -4.45%.

WARNING: This article was originally reported by Daily Political and is the property of of Daily Political. If you are viewing this article on another site, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The legal version of this article can be read at https://www.dailypolitical.com/2017/07/21/atria-investments-llc-decreases-stake-in-anadarko-petroleum-corporation-apc.html.

Several brokerages recently issued reports on APC. UBS AG reiterated a “buy” rating and issued a $80.00 target price on shares of Anadarko Petroleum Corporation in a research report on Monday, May 15th. Royal Bank Of Canada set a $78.00 target price on shares of Anadarko Petroleum Corporation and gave the stock a “buy” rating in a research report on Saturday, June 17th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Anadarko Petroleum Corporation in a research report on Friday, July 7th. Cowen and Company set a $60.00 target price on shares of Anadarko Petroleum Corporation and gave the stock a “buy” rating in a research report on Wednesday. Finally, Zacks Investment Research lowered shares of Anadarko Petroleum Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. Anadarko Petroleum Corporation has an average rating of “Buy” and an average price target of $72.85.

In other Anadarko Petroleum Corporation news, Chairman R A. Walker purchased 19,300 shares of the stock in a transaction dated Wednesday, May 17th. The stock was purchased at an average price of $51.82 per share, with a total value of $1,000,126.00. Following the transaction, the chairman now owns 176,718 shares of the company’s stock, valued at $9,157,526.76. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Peter J. Fluor purchased 20,000 shares of the stock in a transaction dated Wednesday, May 17th. The stock was acquired at an average cost of $51.83 per share, with a total value of $1,036,600.00. Following the transaction, the director now directly owns 146,750 shares in the company, valued at approximately $7,606,052.50. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 41,205 shares of company stock valued at $2,136,700. 0.45% of the stock is owned by corporate insiders.

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)

Receive News & Ratings for Anadarko Petroleum Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anadarko Petroleum Corporation and related companies with MarketBeat.com's FREE daily email newsletter.