Pillar Pacific Capital Management LLC Sells 2,865 Shares of Anadarko Petroleum Co. (NYSE:APC)

Pillar Pacific Capital Management LLC decreased its holdings in Anadarko Petroleum Co. (NYSE:APC) by 3.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 71,322 shares of the oil and gas development company’s stock after selling 2,865 shares during the period. Pillar Pacific Capital Management LLC’s holdings in Anadarko Petroleum were worth $5,032,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in APC. Berman Capital Advisors LLC raised its position in Anadarko Petroleum by 39.9% in the 2nd quarter. Berman Capital Advisors LLC now owns 554 shares of the oil and gas development company’s stock worth $39,000 after purchasing an additional 158 shares during the period. IndexIQ Advisors LLC raised its position in Anadarko Petroleum by 3.3% in the 1st quarter. IndexIQ Advisors LLC now owns 4,990 shares of the oil and gas development company’s stock worth $227,000 after purchasing an additional 161 shares during the period. Clean Yield Group raised its position in Anadarko Petroleum by 9.5% in the 2nd quarter. Clean Yield Group now owns 1,861 shares of the oil and gas development company’s stock worth $131,000 after purchasing an additional 161 shares during the period. Tocqueville Asset Management L.P. raised its position in Anadarko Petroleum by 1.0% in the 1st quarter. Tocqueville Asset Management L.P. now owns 17,500 shares of the oil and gas development company’s stock worth $796,000 after purchasing an additional 165 shares during the period. Finally, Moors & Cabot Inc. raised its position in Anadarko Petroleum by 2.9% in the 1st quarter. Moors & Cabot Inc. now owns 6,307 shares of the oil and gas development company’s stock worth $287,000 after purchasing an additional 175 shares during the period. 85.17% of the stock is owned by hedge funds and other institutional investors.

A number of analysts recently weighed in on the stock. Morgan Stanley increased their price objective on shares of Anadarko Petroleum from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 16th. Cowen lowered shares of Anadarko Petroleum from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $71.00 to $72.00 in a research report on Wednesday, May 22nd. Stifel Nicolaus lowered shares of Anadarko Petroleum from a “buy” rating to a “hold” rating and raised their target price for the stock from $68.00 to $76.00 in a research report on Tuesday, May 7th. Seaport Global Securities lowered shares of Anadarko Petroleum from a “buy” rating to a “neutral” rating and set a $71.60 target price on the stock. in a research report on Wednesday, May 29th. Finally, Credit Suisse Group downgraded shares of Anadarko Petroleum from an “outperform” rating to a “neutral” rating in a research note on Monday, May 13th. One research analyst has rated the stock with a sell rating, twenty-three have assigned a hold rating and five have issued a buy rating to the stock. Anadarko Petroleum currently has a consensus rating of “Hold” and a consensus price target of $70.25.

APC remained flat at $$72.77 during trading on Friday. 44,791,047 shares of the company’s stock traded hands, compared to its average volume of 6,979,022. The stock has a market cap of $36.56 billion, a P/E ratio of 32.20, a PEG ratio of 5.64 and a beta of 1.64. Anadarko Petroleum Co. has a 52 week low of $40.40 and a 52 week high of $76.23. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.95. The business’s fifty day simple moving average is $72.85 and its 200 day simple moving average is $62.35.

Anadarko Petroleum (NYSE:APC) last announced its earnings results on Friday, July 26th. The oil and gas development company reported $0.51 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.04). The firm had revenue of $3.44 billion during the quarter, compared to analyst estimates of $3.31 billion. Anadarko Petroleum had a negative net margin of 4.20% and a positive return on equity of 10.49%. Anadarko Petroleum’s revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the business earned $0.54 earnings per share. On average, sell-side analysts anticipate that Anadarko Petroleum Co. will post 1.97 EPS for the current fiscal year.

Anadarko Petroleum 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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