Montgomery Investment Management Inc. lowered its position in Anadarko Petroleum Corporation (NYSE:APC) by 9.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 109,917 shares of the oil and gas development company’s stock after selling 12,124 shares during the period. Anadarko Petroleum Corporation makes up approximately 2.3% of Montgomery Investment Management Inc.’s holdings, making the stock its 13th largest position. Montgomery Investment Management Inc.’s holdings in Anadarko Petroleum Corporation were worth $4,983,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. CWM LLC raised its position in shares of Anadarko Petroleum Corporation by 7.3% in the first quarter. CWM LLC now owns 20,194 shares of the oil and gas development company’s stock worth $1,252,000 after buying an additional 1,378 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in shares of Anadarko Petroleum Corporation during the first quarter worth $924,000. Merriman Wealth Management LLC raised its position in shares of Anadarko Petroleum Corporation by 1.4% in the first quarter. Merriman Wealth Management LLC now owns 39,606 shares of the oil and gas development company’s stock worth $2,456,000 after buying an additional 549 shares in the last quarter. Atria Investments LLC raised its position in shares of Anadarko Petroleum Corporation by 13.6% in the first quarter. Atria Investments LLC now owns 7,918 shares of the oil and gas development company’s stock worth $491,000 after buying an additional 946 shares in the last quarter. Finally, North American Management Corp raised its position in shares of Anadarko Petroleum Corporation by 2.4% in the first quarter. North American Management Corp now owns 10,070 shares of the oil and gas development company’s stock worth $624,000 after buying an additional 235 shares in the last quarter. 84.56% of the stock is currently owned by institutional investors.

Anadarko Petroleum Corporation (NYSE:APC) opened at 44.21 on Wednesday. Anadarko Petroleum Corporation has a 1-year low of $42.58 and a 1-year high of $73.33. The firm’s market capitalization is $24.77 billion. The company has a 50-day moving average price of $44.90 and a 200-day moving average price of $56.44.

Anadarko Petroleum Corporation (NYSE:APC) last posted its quarterly earnings data 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 company 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 firm posted ($0.60) EPS. The business’s revenue for the quarter was up 41.8% compared to the same quarter last year. On average, equities research analysts predict that Anadarko Petroleum Corporation will post ($2.11) earnings per share for the current fiscal year.

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

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A number of brokerages have weighed in on APC. Barclays PLC reissued an “equal weight” rating and set a $57.00 price target (down previously from $59.00) on shares of Anadarko Petroleum Corporation in a research note on Saturday, April 22nd. Royal Bank Of Canada set a $84.00 price target on Anadarko Petroleum Corporation and gave the stock a “buy” rating in a research note on Thursday, April 20th. Jefferies Group LLC reissued a “buy” rating and set a $62.00 price target on shares of Anadarko Petroleum Corporation in a research note on Friday, April 28th. Stifel Nicolaus reissued a “buy” rating and set a $77.00 price target (up previously from $75.00) on shares of Anadarko Petroleum Corporation in a research note on Wednesday, May 3rd. Finally, Morgan Stanley lowered Anadarko Petroleum Corporation from an “overweight” rating to an “equal weight” rating and set a $74.00 price target on the stock. in a research note on Wednesday, May 3rd. Four analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $69.81.

In related news, Director Anthony R. Chase acquired 1,905 shares of the company’s stock in a transaction dated Thursday, May 18th. The shares were bought at an average price of $52.48 per share, for a total transaction of $99,974.40. Following the acquisition, the director now owns 23,636 shares in the company, valued at approximately $1,240,417.28. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Peter J. Fluor acquired 20,000 shares of the company’s stock in a transaction dated Wednesday, May 17th. The shares were bought at an average price of $51.83 per share, for a total transaction of $1,036,600.00. Following the acquisition, the director now owns 146,750 shares in the company, valued at approximately $7,606,052.50. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 41,205 shares of company stock worth $2,136,700. 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.

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

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