Swiss National Bank Has $114.91 Million Stake in Anadarko Petroleum Co. (NYSE:APC)

Swiss National Bank decreased its stake in shares of Anadarko Petroleum Co. (NYSE:APC) by 3.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,628,605 shares of the oil and gas development company’s stock after selling 55,600 shares during the quarter. Swiss National Bank owned about 0.32% of Anadarko Petroleum worth $114,914,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Kavar Capital Partners LLC acquired a new stake in Anadarko Petroleum in the 2nd quarter valued at $50,000. Boussard & Gavaudan Investment Management LLP acquired a new stake in Anadarko Petroleum in the 2nd quarter valued at $33,876,000. Supplemental Annuity Collective Trust of NJ acquired a new stake in Anadarko Petroleum in the 2nd quarter valued at $917,000. Folger Nolan Fleming Douglas Capital Management Inc. grew its position in Anadarko Petroleum by 4.1% in the 1st quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 9,344 shares of the oil and gas development company’s stock valued at $425,000 after purchasing an additional 370 shares during the period. Finally, Cibc Bank USA grew its position in Anadarko Petroleum by 37.5% in the 1st quarter. Cibc Bank USA now owns 13,511 shares of the oil and gas development company’s stock valued at $614,000 after purchasing an additional 3,688 shares during the period. 85.17% of the stock is owned by institutional investors.

Several research firms recently issued reports on APC. Scotiabank downgraded shares of Anadarko Petroleum from a “sector outperform” rating to a “sector perform” rating and set a $71.40 price target for the company. in a research report on Thursday, April 25th. JPMorgan Chase & Co. downgraded shares of 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 29th. Jefferies Financial Group downgraded shares of 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. Cowen downgraded shares of Anadarko Petroleum from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $71.00 to $72.00 in a research report on Wednesday, May 22nd. Finally, Credit Suisse Group downgraded shares of Anadarko Petroleum from an “outperform” rating to a “neutral” rating in a research report on Monday, May 13th. One investment analyst has rated the stock with a sell rating, twenty-three have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $70.25.

NYSE:APC remained flat at $$72.77 during trading hours on Friday. The company’s stock had a trading volume of 44,791,047 shares, compared to its average volume of 6,979,022. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.92 and a current ratio of 0.92. The business’s 50 day simple moving average is $72.58 and its 200-day simple moving average is $61.69. Anadarko Petroleum Co. has a fifty-two week low of $40.40 and a fifty-two week high of $76.23. The firm has a market cap of $36.56 billion, a P/E ratio of 32.20, a PEG ratio of 5.64 and a beta of 1.64.

Anadarko Petroleum (NYSE:APC) last released its earnings results on Friday, July 26th. The oil and gas development company reported $0.51 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.04). The business had revenue of $3.44 billion for the quarter, compared to the consensus estimate of $3.31 billion. Anadarko Petroleum had a positive return on equity of 10.49% and a negative net margin of 4.20%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.54 earnings per share. On average, analysts forecast that Anadarko Petroleum Co. will post 1.97 earnings per share for the current fiscal year.

About Anadarko Petroleum

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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