Huntington National Bank Has $800,000 Position in Anadarko Petroleum Co. (NYSE:APC)

Huntington National Bank trimmed its position in Anadarko Petroleum Co. (NYSE:APC) by 7.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,334 shares of the oil and gas development company’s stock after selling 857 shares during the quarter. Huntington National Bank’s holdings in Anadarko Petroleum were worth $800,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of APC. IndexIQ Advisors LLC lifted its position in shares of Anadarko Petroleum by 3.3% during the 1st quarter. IndexIQ Advisors LLC now owns 4,990 shares of the oil and gas development company’s stock valued at $227,000 after acquiring an additional 161 shares during the period. Clean Yield Group lifted its position in shares of Anadarko Petroleum by 9.5% during the 2nd quarter. Clean Yield Group now owns 1,861 shares of the oil and gas development company’s stock valued at $131,000 after acquiring an additional 161 shares during the period. Tocqueville Asset Management L.P. lifted its position in shares of Anadarko Petroleum by 1.0% during the 1st quarter. Tocqueville Asset Management L.P. now owns 17,500 shares of the oil and gas development company’s stock valued at $796,000 after acquiring an additional 165 shares during the period. Shine Investment Advisory Services Inc. lifted its position in shares of Anadarko Petroleum by 35.0% during the 1st quarter. Shine Investment Advisory Services Inc. now owns 675 shares of the oil and gas development company’s stock valued at $31,000 after acquiring an additional 175 shares during the period. Finally, Moors & Cabot Inc. lifted its position in shares of Anadarko Petroleum by 2.9% during the 1st quarter. Moors & Cabot Inc. now owns 6,307 shares of the oil and gas development company’s stock valued at $287,000 after acquiring an additional 175 shares during the period. 85.31% of the stock is currently owned by hedge funds and other institutional investors.

Anadarko Petroleum stock traded up $0.45 during trading hours on Tuesday, hitting $73.69. The stock had a trading volume of 2,164,661 shares, compared to its average volume of 7,019,063. 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 capitalization of $36.86 billion, a PE ratio of 32.61, a price-to-earnings-growth ratio of 5.39 and a beta of 1.63. Anadarko Petroleum Co. has a one year low of $40.40 and a one year high of $76.23. The business has a 50 day moving average of $71.54.

Anadarko Petroleum (NYSE:APC) last posted its earnings results on Friday, July 26th. The oil and gas development company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.04). The firm had revenue of $3.44 billion during the quarter, compared to the consensus estimate of $3.31 billion. Anadarko Petroleum had a negative net margin of 4.20% and a positive return on equity of 10.11%. Anadarko Petroleum’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.54 earnings per share. As a group, analysts anticipate that Anadarko Petroleum Co. will post 2.1 EPS for the current fiscal year.

APC has been the subject of a number of recent analyst reports. Argus upped their target price on Sempra Energy to $142.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. ValuEngine upgraded Yandex from a “hold” rating to a “buy” rating in a research report on Saturday, April 13th. Mitsubishi UFJ Financial Group upped their price objective on Twilio from $121.00 to $133.00 in a research report on Friday, April 12th. Citigroup upped their price objective on Walt Disney from $126.00 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Finally, Piper Jaffray Companies set a $15.00 price objective on BioCryst Pharmaceuticals and gave the stock a “buy” rating in a research report on Monday, April 22nd. One analyst has rated the stock with a sell rating, twenty-three have assigned a hold rating and five have given a buy rating to the company’s stock. Anadarko Petroleum presently has a consensus rating of “Hold” and an average target price of $70.25.

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).

See Also: Stop Order

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

Receive News & Ratings for Anadarko Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anadarko Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.