Anadarko Petroleum Corporation (APC) Position Cut by TD Asset Management Inc.

TD Asset Management Inc. decreased its stake in shares of Anadarko Petroleum Corporation (NYSE:APC) by 2.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,009,731 shares of the oil and gas development company’s stock after selling 29,444 shares during the period. TD Asset Management Inc. owned 0.18% of Anadarko Petroleum Corporation worth $45,781,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of APC. Guardian Life Insurance Co. of America raised its stake in shares of Anadarko Petroleum Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,156 shares of the oil and gas development company’s stock valued at $134,000 after buying an additional 15 shares during the period. Klingenstein Fields & Co. LLC raised its stake in Anadarko Petroleum Corporation by 0.8% in the second quarter. Klingenstein Fields & Co. LLC now owns 5,250 shares of the oil and gas development company’s stock worth $238,000 after buying an additional 40 shares during the period. Quadrant Capital Group LLC raised its stake in Anadarko Petroleum Corporation by 1.4% in the first quarter. Quadrant Capital Group LLC now owns 3,375 shares of the oil and gas development company’s stock worth $198,000 after buying an additional 48 shares during the period. Honkamp Krueger Financial Services Inc. raised its stake in Anadarko Petroleum Corporation by 0.4% in the first quarter. Honkamp Krueger Financial Services Inc. now owns 13,586 shares of the oil and gas development company’s stock worth $842,000 after buying an additional 51 shares during the period. Finally, Albert D Mason Inc. increased its position in shares of Anadarko Petroleum Corporation by 0.5% in the first quarter. Albert D Mason Inc. now owns 13,576 shares of the oil and gas development company’s stock worth $842,000 after buying an additional 65 shares in the last quarter. 84.40% of the stock is owned by hedge funds and other institutional investors.

Shares of Anadarko Petroleum Corporation (NYSE APC) traded up 1.08% during trading on Friday, hitting $42.17. 5,240,568 shares of the stock traded hands. The firm’s market cap is $23.63 billion. The company’s 50 day moving average is $44.29 and its 200 day moving average is $54.51. Anadarko Petroleum Corporation has a 52-week low of $41.22 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 for the quarter, missing analysts’ consensus estimates of ($0.35) by $0.42. The business had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.50 billion. Anadarko Petroleum Corporation had a negative net margin of 19.31% and a negative return on equity of 9.71%. The company’s quarterly revenue was up 41.8% on a year-over-year basis. During the same period last year, the firm earned ($0.60) earnings per share. On average, equities research analysts predict that Anadarko Petroleum Corporation will post ($2.12) EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Wednesday, September 13th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.47%. Anadarko Petroleum Corporation’s dividend payout ratio (DPR) is -5.14%.

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A number of research analysts have weighed in on the company. UBS AG reiterated a “buy” rating and set a $80.00 target price on shares of Anadarko Petroleum Corporation in a report on Monday, May 15th. BidaskClub downgraded Anadarko Petroleum Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday. Royal Bank Of Canada set a $78.00 price target on Anadarko Petroleum Corporation and gave the stock a “buy” rating in a research note on Saturday, June 17th. Scotiabank set a $64.00 price objective on Anadarko Petroleum Corporation and gave the company a “buy” rating in a research report on Friday, August 11th. Finally, Mitsubishi UFJ Financial Group raised Anadarko Petroleum Corporation from a “neutral” rating to a “buy” rating and set a $66.00 price objective on the stock in a research report on Thursday, July 27th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $69.73.

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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