Trading Report: Today, First Trust Advisors LP decides to keep it stake in Anadarko Petroleum Corp. (APC) to the level of $19,021,000

Today, First Trust Advisors LP decides to keep it stake in Anadarko Petroleum Corp. (APC) to the level of $19,021,000

First Trust Advisors LP increased its position in Anadarko Petroleum Corp. (NYSE:APC) by 5.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 300,202 shares of the oil and gas development company’s stock after buying an additional 16,633 shares during the period. First Trust Advisors LP owned approximately 0.06% of Anadarko Petroleum Corp. worth $19,021,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Exxonmobil Investment Management Inc. TX boosted its position in Anadarko Petroleum Corp. by 5.5% in the third quarter. Exxonmobil Investment Management Inc. TX now owns 139,338 shares of the oil and gas development company’s stock worth $8,828,000 after buying an additional 7,214 shares in the last quarter. Retirement Systems of Alabama boosted its position in Anadarko Petroleum Corp. by 7.3% in the second quarter. Retirement Systems of Alabama now owns 869,411 shares of the oil and gas development company’s stock worth $46,296,000 after buying an additional 59,095 shares in the last quarter. Commerzbank Aktiengesellschaft FI boosted its position in Anadarko Petroleum Corp. by 18.5% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 290,347 shares of the oil and gas development company’s stock worth $15,461,000 after buying an additional 45,254 shares in the last quarter. E&G Advisors LP boosted its position in Anadarko Petroleum Corp. by 23.8% in the third quarter. E&G Advisors LP now owns 20,617 shares of the oil and gas development company’s stock worth $1,306,000 after buying an additional 3,961 shares in the last quarter. Finally, Carmignac Gestion boosted its position in Anadarko Petroleum Corp. by 12.0% in the second quarter. Carmignac Gestion now owns 13,619,742 shares of the oil and gas development company’s stock worth $725,251,000 after buying an additional 1,458,674 shares in the last quarter. Hedge funds and other institutional investors own 81.24% of the company’s stock.

Shares of Anadarko Petroleum Corp. (NYSE:APC) opened at 63.75 on Friday. Anadarko Petroleum Corp. has a 1-year low of $28.16 and a 1-year high of $65.47. The stock’s 50 day moving average price is $62.13 and its 200-day moving average price is $56.54. The stock’s market capitalization is $35.63 billion.

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

APC has been the subject of several research analyst reports. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Anadarko Petroleum Corp. in a research note on Thursday, October 6th. Bank of America Corp. reiterated a “buy” rating and set a $95.00 target price on shares of Anadarko Petroleum Corp. in a research note on Tuesday, September 13th. Wells Fargo & Co. set a $70.00 target price on Anadarko Petroleum Corp. and gave the company a “buy” rating in a research note on Friday, September 23rd. Barclays PLC increased their target price on 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 upgraded Anadarko Petroleum Corp. from a “hold” rating to a “buy” rating and increased their target price for the company from $64.00 to $77.00 in a research note 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 assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $68.48.

About Anadarko Petroleum Corp.

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