Gateway Investment Advisers LLC Cuts Holdings in Anadarko Petroleum Co. (APC)

Gateway Investment Advisers LLC lessened its stake in shares of Anadarko Petroleum Co. (NYSE:APC) by 10.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,587 shares of the oil and gas development company’s stock after selling 2,634 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Anadarko Petroleum were worth $982,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Dorsey & Whitney Trust CO LLC raised its holdings in shares of Anadarko Petroleum by 3.1% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 8,713 shares of the oil and gas development company’s stock valued at $383,000 after acquiring an additional 265 shares in the last quarter. Kaizen Advisory LLC raised its holdings in shares of Anadarko Petroleum by 24.2% during the fourth quarter. Kaizen Advisory LLC now owns 1,390 shares of the oil and gas development company’s stock valued at $61,000 after acquiring an additional 271 shares in the last quarter. Sumitomo Life Insurance Co. raised its holdings in shares of Anadarko Petroleum by 1.9% during the fourth quarter. Sumitomo Life Insurance Co. now owns 15,779 shares of the oil and gas development company’s stock valued at $692,000 after acquiring an additional 300 shares in the last quarter. Advisory Services Network LLC raised its holdings in shares of Anadarko Petroleum by 5.5% during the fourth quarter. Advisory Services Network LLC now owns 6,261 shares of the oil and gas development company’s stock valued at $274,000 after acquiring an additional 329 shares in the last quarter. Finally, Triangle Securities Wealth Management raised its holdings in shares of Anadarko Petroleum by 5.5% during the first quarter. Triangle Securities Wealth Management now owns 7,553 shares of the oil and gas development company’s stock valued at $344,000 after acquiring an additional 395 shares in the last quarter. 87.06% of the stock is owned by hedge funds and other institutional investors.

APC opened at $63.60 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.41. The firm has a market capitalization of $31.10 billion, a price-to-earnings ratio of 28.14, a PEG ratio of 2.59 and a beta of 1.55. Anadarko Petroleum Co. has a 12-month low of $40.40 and a 12-month high of $76.70.

Anadarko Petroleum (NYSE:APC) last posted its quarterly earnings data on Tuesday, February 5th. The oil and gas development company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.19). The firm had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.47 billion. Anadarko Petroleum had a return on equity of 10.14% and a net margin of 4.60%. Anadarko Petroleum’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.18 EPS. On average, equities analysts predict that Anadarko Petroleum Co. will post 1.98 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 13th were issued a $0.30 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $1.20 dividend on an annualized basis and a yield of 1.89%. Anadarko Petroleum’s dividend payout ratio (DPR) is 53.10%.

A number of equities analysts recently commented on the company. Zacks Investment Research upgraded Anadarko Petroleum from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a report on Tuesday. MKM Partners restated a “neutral” rating and set a $65.00 target price (down previously from $66.00) on shares of Anadarko Petroleum in a report on Monday. Argus downgraded Anadarko Petroleum from a “buy” rating to a “hold” rating in a report on Tuesday. Societe Generale downgraded Anadarko Petroleum from a “buy” rating to a “hold” rating in a report on Friday, April 12th. Finally, Guggenheim downgraded Anadarko Petroleum from a “buy” rating to a “hold” rating and set a $69.00 target price for the company. in a report on Friday, April 12th. Thirteen equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Anadarko Petroleum presently has an average rating of “Buy” and a consensus target price of $73.58.

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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).

Read More: Intrinsic Value

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

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