Anadarko Petroleum Corporation (NYSE:APC) Shares Sold by Grassi Investment Management

Grassi Investment Management reduced its position in shares of Anadarko Petroleum Corporation (NYSE:APC) by 6.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,700 shares of the oil and gas development company’s stock after selling 1,525 shares during the period. Grassi Investment Management’s holdings in Anadarko Petroleum Corporation were worth $939,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Quantitative Investment Management LLC raised its position in Anadarko Petroleum Corporation by 1,683.1% in the first quarter. Quantitative Investment Management LLC now owns 148,000 shares of the oil and gas development company’s stock worth $9,176,000 after buying an additional 139,700 shares during the period. Homrich & Berg raised its position in Anadarko Petroleum Corporation by 46.2% in the first quarter. Homrich & Berg now owns 9,045 shares of the oil and gas development company’s stock worth $561,000 after buying an additional 2,857 shares during the period. Amalgamated Bank raised its position in Anadarko Petroleum Corporation by 8.9% in the first quarter. Amalgamated Bank now owns 34,693 shares of the oil and gas development company’s stock worth $2,151,000 after buying an additional 2,829 shares during the period. Airain ltd raised its position in shares of Anadarko Petroleum Corporation by 135.9% in the first quarter. Airain ltd now owns 70,968 shares of the oil and gas development company’s stock worth $4,400,000 after buying an additional 40,878 shares during the last quarter. Finally, Rafferty Asset Management LLC raised its position in shares of Anadarko Petroleum Corporation by 134.7% in the first quarter. Rafferty Asset Management LLC now owns 20,800 shares of the oil and gas development company’s stock worth $1,290,000 after buying an additional 11,937 shares during the last quarter. Hedge funds and other institutional investors own 84.56% of the company’s stock.

Anadarko Petroleum Corporation (NYSE APC) traded down 0.37% during trading on Friday, reaching $43.54. 3,788,050 shares of the company’s stock traded hands. The company’s 50 day moving average is $44.60 and its 200-day moving average is $55.50. The stock’s market cap is $24.40 billion. Anadarko Petroleum Corporation has a 52-week low of $42.58 and a 52-week high of $73.33.

Anadarko Petroleum Corporation (NYSE:APC) last announced its quarterly earnings results on Monday, July 24th. The oil and gas development company reported ($0.77) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.35) by $0.42. Anadarko Petroleum Corporation had a negative return on equity of 9.71% and a negative net margin of 19.31%. The firm had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same period in the previous year, the company posted ($0.60) earnings per share. The company’s quarterly revenue was up 41.8% compared to the same quarter last year. On average, analysts anticipate that Anadarko Petroleum Corporation will post ($2.11) earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 13th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend is Tuesday, September 12th. Anadarko Petroleum Corporation’s payout ratio is -5.14%.

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A number of equities analysts have recently issued reports on APC shares. Bank of America Corporation reiterated a “buy” rating on shares of Anadarko Petroleum Corporation in a research report on Thursday, May 11th. Citigroup Inc. started coverage on shares of Anadarko Petroleum Corporation in a research report on Thursday, June 29th. They set a “positive” rating and a $60.00 target price on the stock. They noted that the move was a valuation call. Morgan Stanley lowered shares of Anadarko Petroleum Corporation from an “overweight” rating to an “equal weight” rating and set a $74.00 target price on the stock. in a research report on Wednesday, May 3rd. Stifel Nicolaus reiterated a “buy” rating and set a $79.00 target price on shares of Anadarko Petroleum Corporation in a research report on Friday, May 26th. Finally, Wells Fargo & Company lowered shares of Anadarko Petroleum Corporation from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 3rd. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. Anadarko Petroleum Corporation has an average rating of “Buy” and an average target price of $69.73.

In related news, Chairman R A. Walker acquired 19,300 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The shares were bought at an average cost of $51.82 per share, for a total transaction of $1,000,126.00. Following the completion of the transaction, the chairman now owns 176,718 shares in the company, valued at $9,157,526.76. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Anthony R. Chase acquired 1,905 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The stock was bought at an average price of $52.48 per share, for a total transaction of $99,974.40. Following the completion of the transaction, the director now owns 23,636 shares of the company’s stock, valued at approximately $1,240,417.28. The disclosure for this purchase can be found here. Over the last three months, insiders bought 41,205 shares of company stock worth $2,136,700. Insiders own 0.45% of the company’s stock.

Anadarko Petroleum Corporation Company Profile

Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company is engaged in developing, acquiring, and exploring for oil and natural-gas resources. The Company’s segments include Oil and Gas Exploration and Production; Midstream, and Marketing. The Company’s geographical segments include the United States and International.

Institutional Ownership by Quarter for Anadarko Petroleum Corporation (NYSE:APC)

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