PNC Financial Services Group Inc. lowered its stake in shares of Anadarko Petroleum Corporation (NYSE:APC) by 11.1% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 250,674 shares of the oil and gas development company’s stock after selling 31,162 shares during the period. PNC Financial Services Group Inc.’s holdings in Anadarko Petroleum Corporation were worth $11,364,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of APC. Assetmark Inc. lifted its stake in Anadarko Petroleum Corporation by 10.7% during the 1st quarter. Assetmark Inc. now owns 1,815 shares of the oil and gas development company’s stock valued at $113,000 after acquiring an additional 176 shares during the period. Guardian Life Insurance Co. of America lifted its stake in Anadarko Petroleum Corporation by 0.7% during the 1st 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 acquiring an additional 15 shares during the period. FNY Partners Fund LP lifted its stake in Anadarko Petroleum Corporation by 2,900.0% during the 2nd quarter. FNY Partners Fund LP now owns 3,000 shares of the oil and gas development company’s stock valued at $136,000 after acquiring an additional 2,900 shares during the period. Fifth Third Bancorp lifted its stake in Anadarko Petroleum Corporation by 33.9% during the 1st quarter. Fifth Third Bancorp now owns 2,687 shares of the oil and gas development company’s stock valued at $167,000 after acquiring an additional 680 shares during the period. Finally, Trust Co. of Vermont lifted its stake in Anadarko Petroleum Corporation by 24.5% during the 2nd quarter. Trust Co. of Vermont now owns 4,117 shares of the oil and gas development company’s stock valued at $187,000 after acquiring an additional 811 shares during the period. Institutional investors and hedge funds own 85.05% of the company’s stock.

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Several equities analysts have issued reports on the stock. Scotiabank restated a “buy” rating and set a $64.00 target price on shares of Anadarko Petroleum Corporation in a research note on Friday. Royal Bank Of Canada set a $78.00 target price on shares of Anadarko Petroleum Corporation and gave the company a “buy” rating in a research note on Saturday, June 17th. Cowen and Company restated a “buy” rating and set a $60.00 target price on shares of Anadarko Petroleum Corporation in a research note on Sunday, September 17th. BidaskClub cut shares of Anadarko Petroleum Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 17th. Finally, Bank of America Corporation lowered their target price on shares of Anadarko Petroleum Corporation from $81.00 to $80.00 and set a “buy” rating on the stock in a research note on Tuesday, July 25th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $70.13.

Shares of Anadarko Petroleum Corporation (NYSE APC) opened at 48.49 on Friday. The stock’s market capitalization is $27.17 billion. The firm’s 50-day moving average is $42.72 and its 200-day moving average is $50.53. Anadarko Petroleum Corporation has a one year low of $39.96 and a one year high of $73.33.

Anadarko Petroleum Corporation (NYSE:APC) last posted its quarterly earnings data on Monday, July 24th. The oil and gas development company reported ($0.77) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.35) by ($0.42). The business had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Anadarko Petroleum Corporation had a negative net margin of 19.31% and a negative return on equity of 9.71%. The firm’s quarterly revenue was up 41.8% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.60) earnings per share. Equities research analysts forecast that Anadarko Petroleum Corporation will post ($2.12) EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 13th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend is Tuesday, September 12th. Anadarko Petroleum Corporation’s dividend payout ratio (DPR) is presently -5.14%.

Anadarko Petroleum Corporation announced that its board has approved a share buyback plan on Wednesday, September 20th that allows the company to repurchase $2.50 billion in shares. This repurchase authorization allows the oil and gas development company to repurchase up to 10% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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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