Pioneer Investment Management Inc. reduced its stake in Anadarko Petroleum Corporation (NYSE:APC) by 53.9% during the second quarter, Holdings Channel reports. The fund owned 336,646 shares of the oil and gas development company’s stock after selling 393,722 shares during the period. Pioneer Investment Management Inc.’s holdings in Anadarko Petroleum Corporation were worth $15,264,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Quantitative Investment Management LLC boosted its stake in shares of Anadarko Petroleum Corporation by 1,683.1% in the first quarter. Quantitative Investment Management LLC now owns 148,000 shares of the oil and gas development company’s stock valued at $9,176,000 after buying an additional 139,700 shares during the last quarter. Homrich & Berg boosted its stake in shares of Anadarko Petroleum Corporation by 46.2% in the first quarter. Homrich & Berg now owns 9,045 shares of the oil and gas development company’s stock valued at $561,000 after buying an additional 2,857 shares during the last quarter. Amalgamated Bank boosted its stake in shares of Anadarko Petroleum Corporation by 8.9% in the first quarter. Amalgamated Bank now owns 34,693 shares of the oil and gas development company’s stock valued at $2,151,000 after buying an additional 2,829 shares during the last quarter. Airain ltd boosted its stake in shares of Anadarko Petroleum Corporation by 135.9% in the first quarter. Airain ltd now owns 70,968 shares of the oil and gas development company’s stock valued at $4,400,000 after buying an additional 40,878 shares during the last quarter. Finally, Rafferty Asset Management LLC boosted its stake in shares of Anadarko Petroleum Corporation by 134.7% in the first quarter. Rafferty Asset Management LLC now owns 20,800 shares of the oil and gas development company’s stock valued at $1,290,000 after buying an additional 11,937 shares during the last quarter. 84.56% of the stock is owned by hedge funds and other institutional investors.

Shares of Anadarko Petroleum Corporation (APC) opened at 43.70 on Friday. The firm’s market cap is $24.49 billion. The stock has a 50 day moving average of $44.64 and a 200-day moving average of $55.69. Anadarko Petroleum Corporation has a 1-year low of $42.58 and a 1-year high of $73.33.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Wednesday, September 13th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $0.20 annualized dividend and a yield of 0.46%. Anadarko Petroleum Corporation’s dividend payout ratio is currently -5.14%.

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Several equities research analysts have recently weighed in on APC shares. Citigroup Inc. lowered their price target on shares of Anadarko Petroleum Corporation from $85.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $81.00 price target (up previously from $77.00) on shares of Anadarko Petroleum Corporation in a research report on Friday, May 12th. Royal Bank Of Canada set a $84.00 price target on shares of Anadarko Petroleum Corporation and gave the stock a “buy” rating in a research report on Thursday, April 20th. Jefferies Group LLC set a $62.00 price target on shares of Anadarko Petroleum Corporation and gave the stock a “buy” rating in a research report on Tuesday, June 6th. Finally, Barclays PLC cut shares of Anadarko Petroleum Corporation from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $52.00 to $42.00 in a research report on Wednesday, June 14th. 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 stock. The company presently has an average rating of “Buy” and an average target price of $69.81.

In other news, Director Peter J. Fluor acquired 20,000 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were bought at an average cost of $51.83 per share, with a total value of $1,036,600.00. Following the purchase, the director now owns 146,750 shares of the company’s stock, valued at approximately $7,606,052.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman R A. Walker acquired 19,300 shares of the company’s stock in a transaction on Wednesday, May 17th. The stock was purchased at an average cost of $51.82 per share, for a total transaction of $1,000,126.00. Following the completion of the purchase, the chairman now directly owns 176,718 shares in the company, valued at approximately $9,157,526.76. The disclosure for this purchase can be found here. Insiders acquired a total of 41,205 shares of company stock worth $2,136,700 over the last three months. 0.45% of the stock is currently 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.

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

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