Todays Report: Today, Anadarko Petroleum Corp. (APC) Position Decreased by British Columbia Investment Management Corp

Today, Anadarko Petroleum Corp. (APC) Position Decreased by British Columbia Investment Management Corp

British Columbia Investment Management Corp cut its stake in shares of Anadarko Petroleum Corp. (NYSE:APC) by 12.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 170,346 shares of the oil and gas development company’s stock after selling 24,787 shares during the period. British Columbia Investment Management Corp’s holdings in Anadarko Petroleum Corp. were worth $10,793,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Financial Architects Inc increased its position in shares of Anadarko Petroleum Corp. by 90.9% in the second quarter. Financial Architects Inc now owns 1,995 shares of the oil and gas development company’s stock valued at $107,000 after buying an additional 950 shares during the last quarter. Kanaly Trust Co increased its position in Anadarko Petroleum Corp. by 44.2% in the second quarter. Kanaly Trust Co now owns 2,004 shares of the oil and gas development company’s stock worth $107,000 after buying an additional 614 shares in the last quarter. Security National Trust Co. increased its position in Anadarko Petroleum Corp. by 4.9% in the second quarter. Security National Trust Co. now owns 2,138 shares of the oil and gas development company’s stock worth $114,000 after buying an additional 100 shares in the last quarter. Stelac Advisory Services LLC bought a new position in Anadarko Petroleum Corp. during the second quarter worth approximately $117,000. Finally, Signaturefd LLC increased its position in Anadarko Petroleum Corp. by 11.0% in the second quarter. Signaturefd LLC now owns 2,282 shares of the oil and gas development company’s stock worth $122,000 after buying an additional 226 shares in the last quarter. 81.24% of the stock is owned by hedge funds and other institutional investors.

Anadarko Petroleum Corp. (NYSE:APC) traded down 1.92% during trading on Friday, hitting $63.75. The company had a trading volume of 2,425,416 shares. The company’s market capitalization is $35.63 billion. The firm has a 50-day moving average of $62.13 and a 200 day moving average of $56.54. Anadarko Petroleum Corp. has a 12-month low of $28.16 and a 12-month high of $65.47.

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

A number of research analysts have recently commented on APC shares. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Anadarko Petroleum Corp. in a research note on Thursday, October 6th. Bank of America Corp. reaffirmed a “buy” rating and set a $95.00 price objective on shares of Anadarko Petroleum Corp. in a research note on Tuesday, September 13th. Wells Fargo & Co. set a $70.00 price objective on shares of Anadarko Petroleum Corp. and gave the company a “buy” rating in a research note on Friday, September 23rd. Barclays PLC upped their price objective on shares of Anadarko Petroleum Corp. from $50.00 to $60.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 4th. Finally, Deutsche Bank AG raised shares of Anadarko Petroleum Corp. from a “hold” rating to a “buy” rating and increased their target price for the stock from $64.00 to $77.00 in a research report on Thursday, October 13th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target 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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