Boston Partners Decreases Stake in Anadarko Petroleum Co. (APC)

Boston Partners lowered its stake in Anadarko Petroleum Co. (NYSE:APC) by 36.8% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,537,089 shares of the oil and gas development company’s stock after selling 2,639,484 shares during the period. Boston Partners’ holdings in Anadarko Petroleum were worth $332,342,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of APC. Global X Management Co. LLC grew its stake in shares of Anadarko Petroleum by 51.7% in the 1st quarter. Global X Management Co. LLC now owns 4,989 shares of the oil and gas development company’s stock worth $301,000 after buying an additional 1,701 shares during the last quarter. Tower Bridge Advisors grew its stake in shares of Anadarko Petroleum by 178.1% in the 1st quarter. Tower Bridge Advisors now owns 24,205 shares of the oil and gas development company’s stock worth $1,462,000 after buying an additional 15,500 shares during the last quarter. Dupont Capital Management Corp grew its stake in shares of Anadarko Petroleum by 20.2% in the 1st quarter. Dupont Capital Management Corp now owns 5,593 shares of the oil and gas development company’s stock worth $338,000 after buying an additional 939 shares during the last quarter. Twin Capital Management Inc. purchased a new stake in shares of Anadarko Petroleum in the 1st quarter worth approximately $825,000. Finally, Commerzbank Aktiengesellschaft FI grew its stake in shares of Anadarko Petroleum by 1.1% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 314,212 shares of the oil and gas development company’s stock worth $18,982,000 after buying an additional 3,517 shares during the last quarter. Institutional investors own 88.28% of the company’s stock.

Several research firms recently weighed in on APC. Jefferies Financial Group set a $88.00 price target on Anadarko Petroleum and gave the stock a “buy” rating in a research note on Tuesday. ValuEngine downgraded Anadarko Petroleum from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Bank of America set a $100.00 price target on Anadarko Petroleum and gave the stock a “buy” rating in a research note on Tuesday, July 31st. Susquehanna Bancshares cut their price target on Anadarko Petroleum from $93.00 to $91.00 and set a “positive” rating on the stock in a research note on Wednesday, August 1st. Finally, Stifel Nicolaus cut their price target on Anadarko Petroleum from $85.00 to $84.00 and set a “buy” rating on the stock in a research note on Wednesday, August 1st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and seventeen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $77.45.

Shares of APC opened at $66.06 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.34. Anadarko Petroleum Co. has a 12 month low of $39.96 and a 12 month high of $76.70. The firm has a market cap of $33.05 billion, a price-to-earnings ratio of 137.32, a price-to-earnings-growth ratio of 2.13 and a beta of 1.27.

Anadarko Petroleum (NYSE:APC) last issued its earnings results on Tuesday, July 31st. The oil and gas development company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.06). Anadarko Petroleum had a net margin of 3.63% and a return on equity of 1.85%. The business had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.08 billion. During the same quarter in the prior year, the business posted ($0.75) earnings per share. The business’s revenue for the quarter was up 21.2% on a year-over-year basis. equities research analysts expect that Anadarko Petroleum Co. will post 3.04 earnings per share for the current year.

Anadarko Petroleum announced that its Board of Directors has approved a stock repurchase plan on Monday, July 9th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the oil and gas development company to repurchase up to 2.6% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Anadarko Petroleum 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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