Cambridge Investment Research Advisors Inc. boosted its holdings in Anadarko Petroleum Co. (NYSE:APC) by 6.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,978 shares of the oil and gas development company’s stock after acquiring an additional 1,317 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Anadarko Petroleum were worth $1,414,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. TRUE Private Wealth Advisors acquired a new stake in shares of Anadarko Petroleum in the third quarter valued at approximately $163,000. Moneta Group Investment Advisors LLC acquired a new stake in shares of Anadarko Petroleum in the second quarter valued at approximately $170,000. Kiley Juergens Wealth Management LLC acquired a new stake in shares of Anadarko Petroleum in the second quarter valued at approximately $182,000. Lido Advisors LLC acquired a new stake in shares of Anadarko Petroleum in the second quarter valued at approximately $202,000. Finally, Beaton Management Co. Inc. acquired a new stake in shares of Anadarko Petroleum in the second quarter valued at approximately $202,000. 87.15% of the stock is currently owned by hedge funds and other institutional investors.

NYSE APC opened at $55.61 on Tuesday. Anadarko Petroleum Co. has a 12 month low of $46.80 and a 12 month high of $76.70. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.40. The company has a market cap of $28.43 billion, a P/E ratio of -28.37, a P/E/G ratio of 1.67 and a beta of 1.45.

Anadarko Petroleum (NYSE:APC) last posted its quarterly earnings data on Tuesday, October 30th. The oil and gas development company reported $0.82 EPS for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.02). The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.47 billion. Anadarko Petroleum had a net margin of 11.49% and a return on equity of 8.90%. Anadarko Petroleum’s revenue was up 48.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.77) EPS. Sell-side analysts predict that Anadarko Petroleum Co. will post 2.88 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 26th. Shareholders of record on Wednesday, December 12th will be given a $0.30 dividend. This is a positive change from Anadarko Petroleum’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, December 11th. This represents a $1.20 annualized dividend and a yield of 2.16%. Anadarko Petroleum’s payout ratio is -51.02%.

Several equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of Anadarko Petroleum from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a research note on Monday, October 22nd. Piper Jaffray Companies restated a “buy” rating and issued a $87.00 price target on shares of Anadarko Petroleum in a research note on Monday. Citigroup dropped their price target on shares of Anadarko Petroleum from $76.00 to $74.00 and set a “neutral” rating on the stock in a research note on Monday, August 13th. ValuEngine lowered shares of Anadarko Petroleum from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Finally, Seaport Global Securities restated a “buy” rating on shares of Anadarko Petroleum in a research note on Wednesday, July 25th. Five research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Anadarko Petroleum has an average rating of “Buy” and an average target price of $80.95.

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Anadarko Petroleum Company Profile

Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of oil and gas properties. It operates through three segments: Exploration and Production, WES Midstream, and Other Midstream. The company explores for and produces oil, natural gas, and natural gas liquids (NGLs).

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

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