Anadarko Petroleum Co. (APC) Shares Sold by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can reduced its stake in shares of Anadarko Petroleum Co. (NYSE:APC) by 11.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 337,009 shares of the oil and gas development company’s stock after selling 41,630 shares during the period. Great West Life Assurance Co. Can owned approximately 0.07% of Anadarko Petroleum worth $22,736,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Anadarko Petroleum by 11.8% during the 3rd quarter. BlackRock Inc. now owns 47,443,900 shares of the oil and gas development company’s stock valued at $3,198,193,000 after acquiring an additional 5,004,406 shares during the last quarter. FMR LLC increased its stake in shares of Anadarko Petroleum by 9.2% during the 2nd quarter. FMR LLC now owns 23,949,562 shares of the oil and gas development company’s stock valued at $1,754,305,000 after acquiring an additional 2,011,856 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Anadarko Petroleum by 1.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 8,079,505 shares of the oil and gas development company’s stock valued at $544,639,000 after acquiring an additional 138,019 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Anadarko Petroleum by 22.8% during the 3rd quarter. Janus Henderson Group PLC now owns 7,350,604 shares of the oil and gas development company’s stock valued at $495,505,000 after acquiring an additional 1,363,271 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Anadarko Petroleum by 25.0% during the 3rd quarter. American Century Companies Inc. now owns 3,458,259 shares of the oil and gas development company’s stock valued at $233,121,000 after acquiring an additional 692,224 shares during the last quarter. Institutional investors own 85.01% of the company’s stock.

APC has been the subject of a number of research analyst reports. Morgan Stanley dropped their price objective on shares of Anadarko Petroleum from $86.00 to $82.00 and set a “hold” rating for the company in a research note on Tuesday, September 4th. Mitsubishi UFJ Financial Group dropped their price objective on shares of Anadarko Petroleum to $92.00 and set an “overweight” rating for the company in a research note on Friday, November 16th. Piper Jaffray Companies set a $85.00 price objective on shares of Anadarko Petroleum and gave the company a “buy” rating in a research note on Sunday, September 30th. Jefferies Financial Group dropped their price objective on shares of Anadarko Petroleum from $86.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, November 1st. Finally, Credit Suisse Group set a $89.00 price objective on shares of Anadarko Petroleum and gave the company a “buy” rating in a research note on Friday, November 16th. Five investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Anadarko Petroleum presently has an average rating of “Buy” and a consensus target price of $82.05.

APC opened at $52.90 on Monday. The company has a market cap of $26.68 billion, a P/E ratio of 25.68, a price-to-earnings-growth ratio of 1.34 and a beta of 1.49. Anadarko Petroleum Co. has a 1 year low of $46.80 and a 1 year high of $76.70. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.87 and a quick ratio of 0.87.

Anadarko Petroleum (NYSE:APC) last posted its earnings results on Tuesday, October 30th. The oil and gas development company reported $0.82 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.02). The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.47 billion. Anadarko Petroleum had a return on equity of 8.90% and a net margin of 11.49%. The firm’s revenue for the quarter was up 48.1% compared to the same quarter last year. During the same period last year, the company posted ($0.77) EPS. On average, analysts expect that Anadarko Petroleum Co. will post 2.76 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 26th. Investors of record on Wednesday, December 12th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Tuesday, December 11th. This is an increase from Anadarko Petroleum’s previous quarterly dividend of $0.25. Anadarko Petroleum’s dividend payout ratio is -51.02%.

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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).

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

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