Tokio Marine Asset Management Co. Ltd. lowered its stake in shares of Anadarko Petroleum Corporation (NYSE:APC) by 24.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,437 shares of the oil and gas development company’s stock after selling 2,059 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Anadarko Petroleum Corporation were worth $292,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in APC. Clean Yield Group purchased a new position in shares of Anadarko Petroleum Corporation during the first quarter valued at about $105,000. Assetmark Inc. increased 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 in the last quarter. Winch Advisory Services LLC increased 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 in the last quarter. Guardian Life Insurance Co. of America increased 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 in the last quarter. Finally, Financial Architects Inc increased 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 in the last quarter. 84.56% of the stock is owned by hedge funds and other institutional investors.

Anadarko Petroleum Corporation (NYSE:APC) opened at 44.89 on Monday. Anadarko Petroleum Corporation has a 12-month low of $42.58 and a 12-month high of $73.33. The stock has a 50 day moving average of $45.16 and a 200 day moving average of $56.70. The firm’s market cap is $25.15 billion.

Anadarko Petroleum Corporation (NYSE:APC) last released its quarterly earnings results on Monday, July 24th. The oil and gas development company reported ($0.77) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by $0.42. Anadarko Petroleum Corporation had a negative return on equity of 9.71% and a negative net margin of 19.31%. The firm had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the previous year, the business posted ($0.60) EPS. The firm’s revenue for the quarter was up 41.8% compared to the same quarter last year. On average, equities research analysts anticipate that Anadarko Petroleum Corporation will post ($2.11) EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Wednesday, September 13th will be issued a dividend of $0.05 per share. The ex-dividend date is Tuesday, September 12th. This represents a $0.20 annualized dividend and a yield of 0.45%. Anadarko Petroleum Corporation’s payout ratio is -5.14%.

COPYRIGHT VIOLATION WARNING: This article was originally published by Daily Political and is the sole property of of Daily Political. If you are accessing this article on another site, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The original version of this article can be viewed at https://www.dailypolitical.com/2017/08/07/tokio-marine-asset-management-co-ltd-has-292000-position-in-anadarko-petroleum-corporation-nyseapc.html.

A number of equities analysts have weighed in on APC shares. Stifel Nicolaus reaffirmed a “buy” rating and issued a $80.00 target price (down from $81.00) on shares of Anadarko Petroleum Corporation in a research note on Friday, May 19th. Scotiabank set a $76.00 target price on shares of Anadarko Petroleum Corporation and gave the stock a “buy” rating in a research note on Tuesday, May 16th. UBS AG reaffirmed a “buy” rating and issued a $80.00 target price on shares of Anadarko Petroleum Corporation in a research note on Monday, May 15th. Bank of America Corporation reaffirmed a “buy” rating on shares of Anadarko Petroleum Corporation in a research note on Thursday, May 11th. Finally, KLR Group boosted their target price on shares of Anadarko Petroleum Corporation from $82.00 to $86.00 and gave the stock a “buy” rating in a research note on Thursday, May 4th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $69.81.

In related news, Chairman R A. Walker acquired 19,300 shares of Anadarko Petroleum Corporation stock in a transaction dated Wednesday, May 17th. The stock was bought at an average price of $51.82 per share, with a total value of $1,000,126.00. Following the transaction, the chairman now directly owns 176,718 shares in the company, valued at approximately $9,157,526.76. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Anthony R. Chase acquired 1,905 shares of Anadarko Petroleum Corporation stock in a transaction dated Thursday, May 18th. The shares were bought at an average cost of $52.48 per share, with a total value of $99,974.40. Following the transaction, the director now owns 23,636 shares in the company, valued at $1,240,417.28. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 41,205 shares of company stock valued at $2,136,700. Company insiders own 0.45% of the company’s stock.

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.

Want to see what other hedge funds are holding APC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Anadarko Petroleum Corporation (NYSE:APC).

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.