Advisor Group Inc. increased its stake in Anadarko Petroleum Co. (NYSE:APC) by 9.4% in the first quarter, Holdings Channel reports. The fund owned 26,692 shares of the oil and gas development company’s stock after purchasing an additional 2,287 shares during the period. Advisor Group Inc.’s holdings in Anadarko Petroleum were worth $1,213,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC lifted its stake in shares of Anadarko Petroleum by 12.1% in the 4th quarter. FMR LLC now owns 20,868,184 shares of the oil and gas development company’s stock valued at $914,861,000 after acquiring an additional 2,251,077 shares during the last quarter. Harris Associates L P lifted its stake in shares of Anadarko Petroleum by 49.9% in the 4th quarter. Harris Associates L P now owns 13,514,955 shares of the oil and gas development company’s stock valued at $592,496,000 after acquiring an additional 4,500,125 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Anadarko Petroleum by 2.0% in the 4th quarter. Northern Trust Corp now owns 6,099,667 shares of the oil and gas development company’s stock valued at $267,410,000 after acquiring an additional 122,368 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Anadarko Petroleum by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 5,868,766 shares of the oil and gas development company’s stock valued at $256,783,000 after acquiring an additional 88,243 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Anadarko Petroleum in the 4th quarter valued at about $245,766,000. 85.78% of the stock is owned by institutional investors.

APC stock opened at $70.09 on Wednesday. Anadarko Petroleum Co. has a fifty-two week low of $40.40 and a fifty-two week high of $76.70. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.51. The company has a market cap of $35.18 billion, a price-to-earnings ratio of 31.01, a PEG ratio of 4.01 and a beta of 1.72.

Anadarko Petroleum (NYSE:APC) last posted its earnings results on Thursday, April 25th. The oil and gas development company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.23. Anadarko Petroleum had a return on equity of 10.24% and a net margin of 3.53%. The firm had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $2.91 billion. During the same quarter in the prior year, the business earned $0.52 EPS. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, analysts expect that Anadarko Petroleum Co. will post 2.69 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 12th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, June 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.71%. Anadarko Petroleum’s dividend payout ratio (DPR) is 53.10%.

A number of research analysts have commented on APC shares. Piper Jaffray Companies lowered Anadarko Petroleum from an “overweight” rating to a “neutral” rating and set a $65.00 price target for the company. in a research report on Monday, April 22nd. Jefferies Financial Group lowered Anadarko Petroleum from a “buy” rating to a “hold” rating and set a $79.00 price target for the company. in a research report on Thursday, April 25th. Tudor Pickering lowered Anadarko Petroleum from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. Credit Suisse Group lowered Anadarko Petroleum from an “outperform” rating to a “neutral” rating in a research report on Monday, May 13th. Finally, Johnson Rice lowered Anadarko Petroleum from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, twenty-three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $70.25.

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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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