BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 52,405 Shares of Anadarko Petroleum Co. (APC)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its position in shares of Anadarko Petroleum Co. (NYSE:APC) by 31.5% during the 3rd quarter, Holdings Channel reports. The firm owned 113,859 shares of the oil and gas development company’s stock after selling 52,405 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Anadarko Petroleum were worth $7,675,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. ARS Investment Partners LLC increased its position in shares of Anadarko Petroleum by 0.8% during the 3rd quarter. ARS Investment Partners LLC now owns 337,119 shares of the oil and gas development company’s stock valued at $22,725,000 after purchasing an additional 2,575 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Anadarko Petroleum by 30.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,913 shares of the oil and gas development company’s stock worth $4,033,000 after acquiring an additional 13,830 shares during the last quarter. GSA Capital Partners LLP grew its position in Anadarko Petroleum by 735.3% during the 3rd quarter. GSA Capital Partners LLP now owns 68,916 shares of the oil and gas development company’s stock worth $4,646,000 after acquiring an additional 60,666 shares during the last quarter. United Services Automobile Association grew its position in Anadarko Petroleum by 48.7% during the 3rd quarter. United Services Automobile Association now owns 239,548 shares of the oil and gas development company’s stock worth $16,148,000 after acquiring an additional 78,502 shares during the last quarter. Finally, Stevens Capital Management LP grew its position in Anadarko Petroleum by 171.6% during the 3rd quarter. Stevens Capital Management LP now owns 190,922 shares of the oil and gas development company’s stock worth $12,870,000 after acquiring an additional 120,614 shares during the last quarter. Hedge funds and other institutional investors own 85.01% of the company’s stock.

Several equities analysts recently issued reports on the company. Morgan Stanley set a $85.00 price target on Anadarko Petroleum and gave the stock a “hold” rating in a research report on Friday, October 12th. Zacks Investment Research upgraded Anadarko Petroleum from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a research report on Tuesday, October 16th. Piper Jaffray Companies set a $85.00 price target on Anadarko Petroleum and gave the stock a “buy” rating in a research report on Sunday, September 30th. BMO Capital Markets restated a “buy” rating and set a $85.00 price target on shares of Anadarko Petroleum in a research report on Thursday, October 11th. Finally, Citigroup reduced their price target on Anadarko Petroleum from $76.00 to $74.00 and set a “neutral” rating on the stock in a research report on Monday, August 13th. Five research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $79.67.

Shares of APC stock opened at $52.06 on Friday. The company has a market capitalization of $26.72 billion, a PE ratio of -26.56, a price-to-earnings-growth ratio of 1.34 and a beta of 1.49. Anadarko Petroleum Co. has a fifty-two week low of $47.37 and a fifty-two week high of $76.70. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.87 and a current ratio of 0.87.

Anadarko Petroleum (NYSE:APC) last issued its quarterly earnings data on Tuesday, October 30th. The oil and gas development company reported $0.82 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.02). The business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.47 billion. Anadarko Petroleum had a return on equity of 8.90% and a net margin of 11.49%. Anadarko Petroleum’s quarterly revenue was up 48.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.77) earnings per share. Research analysts forecast that Anadarko Petroleum Co. will post 2.76 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 26th. Stockholders 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. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date is Tuesday, December 11th. Anadarko Petroleum’s dividend payout ratio (DPR) is currently -51.02%.

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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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