Dowling & Yahnke LLC lowered its stake in Anadarko Petroleum Corporation (NYSE:APC) by 8.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,442 shares of the oil and gas development company’s stock after selling 2,779 shares during the period. Dowling & Yahnke LLC’s holdings in Anadarko Petroleum Corporation were worth $1,335,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Clean Yield Group bought a new stake in shares of Anadarko Petroleum Corporation during the first quarter valued at approximately $105,000. Assetmark Inc. increased its stake in shares of Anadarko Petroleum Corporation by 10.7% in the first quarter. Assetmark Inc. now owns 1,815 shares of the oil and gas development company’s stock valued at $113,000 after buying an additional 176 shares during the period. Guardian Life Insurance Co. of America increased 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. Winch Advisory Services LLC increased its stake in shares of Anadarko Petroleum Corporation by 501.9% in the first quarter. Winch Advisory Services LLC now owns 2,167 shares of the oil and gas development company’s stock valued at $126,000 after buying an additional 1,807 shares during the period. Finally, Financial Architects Inc increased its stake in shares of Anadarko Petroleum Corporation by 31.6% in the first quarter. Financial Architects Inc now owns 2,290 shares of the oil and gas development company’s stock valued at $142,000 after buying an additional 550 shares during the period. 84.40% of the stock is owned by institutional investors.

Shares of Anadarko Petroleum Corporation (APC) opened at 43.02 on Tuesday. The company has a 50-day moving average price of $44.53 and a 200 day moving average price of $55.08. Anadarko Petroleum Corporation has a one year low of $42.58 and a one year high of $73.33. The stock’s market cap is $24.11 billion.

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 (EPS) 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 the consensus estimate 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 revenue for the quarter was up 41.8% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.60) earnings per share. Equities research analysts expect that Anadarko Petroleum Corporation will post ($2.11) earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 13th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date is Tuesday, September 12th. Anadarko Petroleum Corporation’s payout ratio is currently -5.14%.

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Several analysts have recently commented on the stock. UBS AG reaffirmed a “buy” rating and set a $80.00 price objective on shares of Anadarko Petroleum Corporation in a research report on Monday, May 15th. Royal Bank Of Canada set a $78.00 price objective on shares of Anadarko Petroleum Corporation and gave the stock a “buy” rating in a research report on Saturday, June 17th. BidaskClub raised shares of Anadarko Petroleum Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday, August 4th. Scotiabank set a $64.00 price objective on shares of Anadarko Petroleum Corporation and gave the stock a “buy” rating in a research report on Friday. Finally, Mitsubishi UFJ Financial Group raised shares of Anadarko Petroleum Corporation from a “neutral” rating to a “buy” rating and set a $66.00 price objective for the company in a research report on Thursday, July 27th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $69.73.

In other Anadarko Petroleum Corporation news, Chairman R A. Walker purchased 19,300 shares of the stock in a transaction dated Wednesday, May 17th. The shares were purchased at an average cost of $51.82 per share, with a total value of $1,000,126.00. Following the completion of the acquisition, the chairman now directly owns 176,718 shares in the company, valued at approximately $9,157,526.76. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Peter J. Fluor purchased 20,000 shares of the stock in a transaction dated Wednesday, May 17th. The shares were acquired at an average cost of $51.83 per share, for a total transaction of $1,036,600.00. Following the completion of the acquisition, the director now owns 146,750 shares of the company’s stock, valued at $7,606,052.50. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 41,205 shares of company stock worth $2,136,700. Corporate insiders own 0.45% of the company’s stock.

About Anadarko Petroleum Corporation

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.

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

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