Principal Financial Group Inc. trimmed its holdings in shares of Anadarko Petroleum Co. (NYSE:APC) by 0.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 813,608 shares of the oil and gas development company’s stock after selling 1,012 shares during the quarter. Principal Financial Group Inc.’s holdings in Anadarko Petroleum were worth $37,003,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Kaizen Advisory LLC grew its holdings in 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 purchasing an additional 271 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc. boosted its holdings in shares of Anadarko Petroleum by 4.1% in the first quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 9,344 shares of the oil and gas development company’s stock worth $425,000 after acquiring an additional 370 shares during the period. Precocity Capital LP bought a new position in shares of Anadarko Petroleum in the fourth quarter worth $8,768,000. HRT Financial LLC bought a new position in shares of Anadarko Petroleum in the fourth quarter worth $440,000. Finally, Wellington Shields & Co. LLC boosted its holdings in shares of Anadarko Petroleum by 10.0% in the first quarter. Wellington Shields & Co. LLC now owns 22,100 shares of the oil and gas development company’s stock worth $1,005,000 after acquiring an additional 2,000 shares during the period. 85.78% of the stock is owned by institutional investors.

A number of equities analysts have recently commented on APC shares. Societe Generale lowered Anadarko Petroleum from a “buy” rating to a “hold” rating in a report on Friday, April 12th. Tudor Pickering lowered Anadarko Petroleum from a “buy” rating to a “hold” rating in a report on Friday, April 26th. JPMorgan Chase & Co. lowered Anadarko Petroleum from an “overweight” rating to a “neutral” rating and set a $65.00 price target for the company. in a report on Monday, April 29th. Cowen lowered Anadarko Petroleum from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $71.00 to $72.00 in a report on Wednesday, May 22nd. Finally, MKM Partners raised their price target on Anadarko Petroleum to $73.00 and gave the stock a “neutral” rating in a report on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, twenty-three have issued a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $70.25.

NYSE:APC traded down $0.26 during trading hours on Wednesday, hitting $69.83. 255,697 shares of the company’s stock traded hands, compared to its average volume of 9,604,453. The firm has a market capitalization of $35.09 billion, a price-to-earnings ratio of 30.93, a P/E/G ratio of 4.01 and a beta of 1.72. Anadarko Petroleum Co. has a 52 week low of $40.40 and a 52 week high of $76.70. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.77 and a current ratio of 0.77.

Anadarko Petroleum (NYSE:APC) last posted its quarterly earnings data on Thursday, April 25th. The oil and gas development company reported $0.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.23. The company had revenue of $3.22 billion during the quarter, compared to analyst estimates of $2.91 billion. Anadarko Petroleum had a return on equity of 10.24% and a net margin of 3.53%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the company earned $0.52 earnings per share. Equities analysts forecast that Anadarko Petroleum Co. will post 2.69 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Wednesday, June 12th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.72%. The ex-dividend date is Tuesday, June 11th. Anadarko Petroleum’s dividend payout ratio is 53.10%.

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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).

Read More: Systematic Risk

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

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