Today: Today, Advisors Asset Management Inc. Reduces stake in Anadarko Petroleum Corp. (APC)

Today, Advisors Asset Management Inc. Reduces stake in Anadarko Petroleum Corp. (APC)

Advisors Asset Management Inc. decreased its position in shares of Anadarko Petroleum Corp. (NYSE:APC) by 13.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,602 shares of the oil and gas development company’s stock after selling 2,120 shares during the period. Advisors Asset Management Inc.’s holdings in Anadarko Petroleum Corp. were worth $862,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Advisory Services Network LLC boosted its position in shares of Anadarko Petroleum Corp. by 0.6% in the third quarter. Advisory Services Network LLC now owns 2,852 shares of the oil and gas development company’s stock worth $181,000 after buying an additional 18 shares during the period. MSI Financial Services Inc boosted its position in shares of Anadarko Petroleum Corp. by 0.3% in the third quarter. MSI Financial Services Inc now owns 11,873 shares of the oil and gas development company’s stock worth $752,000 after buying an additional 36 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its position in shares of Anadarko Petroleum Corp. by 0.3% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 19,472 shares of the oil and gas development company’s stock worth $1,037,000 after buying an additional 60 shares during the period. Fayez Sarofim & Co. boosted its position in shares of Anadarko Petroleum Corp. by 1.1% in the second quarter. Fayez Sarofim & Co. now owns 7,151 shares of the oil and gas development company’s stock worth $381,000 after buying an additional 76 shares during the period. Finally, Park National Corp OH boosted its position in shares of Anadarko Petroleum Corp. by 1.3% in the second quarter. Park National Corp OH now owns 5,929 shares of the oil and gas development company’s stock worth $316,000 after buying an additional 78 shares during the period. 81.24% of the stock is currently owned by hedge funds and other institutional investors.

Anadarko Petroleum Corp. (NYSE:APC) traded up 1.48% on Thursday, hitting $65.00. 3,399,479 shares of the stock were exchanged. The stock’s 50 day moving average price is $62.19 and its 200 day moving average price is $56.41. The firm’s market cap is $36.33 billion. Anadarko Petroleum Corp. has a 52-week low of $28.16 and a 52-week high of $65.47.

Anadarko Petroleum Corp. (NYSE:APC) last released its quarterly earnings results on Monday, October 31st. The oil and gas development company reported ($0.89) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.54) by $0.35. Anadarko Petroleum Corp. had a negative net margin of 50.51% and a negative return on equity of 10.73%. The company earned $1.89 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same period in the prior year, the business posted ($0.72) EPS. Anadarko Petroleum Corp.’s revenue was up 12.1% compared to the same quarter last year. Equities research analysts forecast that Anadarko Petroleum Corp. will post ($3.04) earnings per share for the current year.

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. set a $70.00 price target on shares of Anadarko Petroleum Corp. and gave the company a “buy” rating in a research report on Saturday, September 17th. Zacks Investment Research cut shares of Anadarko Petroleum Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. Credit Suisse Group AG lifted their target price on shares of Anadarko Petroleum Corp. to $68.00 and gave the stock a “neutral” rating in a report on Thursday, July 28th. BMO Capital Markets reaffirmed a “hold” rating and issued a $55.00 target price on shares of Anadarko Petroleum Corp. in a report on Wednesday, July 27th. Finally, Iberia Capital reaffirmed a “buy” rating on shares of Anadarko Petroleum Corp. in a report on Wednesday, July 27th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $68.48.

Anadarko Petroleum Corp. Company Profile

Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company’s segments include Oil and Gas Exploration & Production; Midstream, and Marketing. The Oil and Gas Exploration & Production segment explores for and produces oil, condensate, natural gas and natural gas liquids (NGLs), and focuses on the development and operation of the Company’s liquefied natural gas (LNG) project in Mozambique.

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