Compagnie Lombard Odier SCmA Lowers Stake in Anadarko Petroleum Corporation (APC)

Compagnie Lombard Odier SCmA cut its position in shares of Anadarko Petroleum Corporation (NYSE:APC) by 10.5% during the third quarter, Holdings Channel reports. The fund owned 42,600 shares of the oil and gas development company’s stock after selling 5,000 shares during the period. Compagnie Lombard Odier SCmA’s holdings in Anadarko Petroleum Corporation were worth $2,699,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. OZ Management LP acquired a new stake in Anadarko Petroleum Corporation during the third quarter worth about $104,103,000. BlackRock Institutional Trust Company N.A. raised its stake in Anadarko Petroleum Corporation by 7.1% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 14,628,143 shares of the oil and gas development company’s stock worth $926,839,000 after buying an additional 974,069 shares during the last quarter. Carlson Capital L P raised its stake in Anadarko Petroleum Corporation by 69.6% in the second quarter. Carlson Capital L P now owns 1,845,437 shares of the oil and gas development company’s stock worth $98,270,000 after buying an additional 757,037 shares during the last quarter. Atalanta Sosnoff Capital LLC acquired a new stake in Anadarko Petroleum Corporation during the third quarter worth about $42,973,000. Finally, APG Asset Management N.V. raised its stake in Anadarko Petroleum Corporation by 72.5% in the third quarter. APG Asset Management N.V. now owns 1,462,199 shares of the oil and gas development company’s stock worth $92,645,000 after buying an additional 614,348 shares during the last quarter. Institutional investors own 87.03% of the company’s stock.

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

Shares of Anadarko Petroleum Corporation (NYSE:APC) opened at 69.34 on Friday. Anadarko Petroleum Corporation has a one year low of $33.85 and a one year high of $73.33. The firm’s market cap is $38.21 billion. The company has a 50 day moving average of $70.08 and a 200-day moving average of $62.89.

Anadarko Petroleum Corporation (NYSE:APC) last posted its quarterly earnings data on Tuesday, January 31st. The oil and gas development company reported ($0.50) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.44) by $0.06. The business earned $2.39 billion during the quarter, compared to the consensus estimate of $2.32 billion. Anadarko Petroleum Corporation had a negative net margin of 39.03% and a negative return on equity of 10.57%. The business’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.57) EPS. On average, analysts expect that Anadarko Petroleum Corporation will post $0.43 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 22nd. Shareholders of record on Wednesday, March 8th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend is Monday, March 6th. Anadarko Petroleum Corporation’s dividend payout ratio is currently -3.37%.

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APC has been the subject of a number of research analyst reports. Citigroup Inc. lowered Anadarko Petroleum Corporation to a “market perform” rating and reduced their target price for the company from $80.00 to $70.00 in a report on Tuesday, January 3rd. They noted that the move was a valuation call. Guggenheim upgraded Anadarko Petroleum Corporation from a “neutral” rating to a “buy” rating and set a $80.00 target price for the company in a report on Friday, November 11th. TheStreet lowered Anadarko Petroleum Corporation to a “sell” rating in a report on Tuesday, December 13th. RBC Capital Markets restated an “outperform” rating and issued a $82.00 target price (up previously from $81.00) on shares of Anadarko Petroleum Corporation in a report on Friday, January 13th. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $77.00 price target on shares of Anadarko Petroleum Corporation in a research note on Monday, December 19th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company. Anadarko Petroleum Corporation currently has a consensus rating of “Buy” and an average price target of $75.93.

Anadarko Petroleum Corporation 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.

5 Day Chart for NYSE:APC

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