Janney Montgomery Scott LLC Sells 34,796 Shares of Anadarko Petroleum Co. (NYSE:APC)

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Janney Montgomery Scott LLC lowered its position in Anadarko Petroleum Co. (NYSE:APC) by 29.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 85,069 shares of the oil and gas development company’s stock after selling 34,796 shares during the period. Janney Montgomery Scott LLC’s holdings in Anadarko Petroleum were worth $6,003,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of APC. IndexIQ Advisors LLC boosted its holdings in shares of Anadarko Petroleum by 3.3% during the 1st quarter. IndexIQ Advisors LLC now owns 4,990 shares of the oil and gas development company’s stock valued at $227,000 after purchasing an additional 161 shares during the last quarter. Clean Yield Group boosted its holdings in shares of Anadarko Petroleum by 9.5% during the 2nd quarter. Clean Yield Group now owns 1,861 shares of the oil and gas development company’s stock valued at $131,000 after purchasing an additional 161 shares during the last quarter. Tocqueville Asset Management L.P. boosted its holdings in shares of Anadarko Petroleum by 1.0% during the 1st quarter. Tocqueville Asset Management L.P. now owns 17,500 shares of the oil and gas development company’s stock valued at $796,000 after purchasing an additional 165 shares during the last quarter. Shine Investment Advisory Services Inc. boosted its holdings in shares of Anadarko Petroleum by 35.0% during the 1st quarter. Shine Investment Advisory Services Inc. now owns 675 shares of the oil and gas development company’s stock valued at $31,000 after purchasing an additional 175 shares during the last quarter. Finally, Moors & Cabot Inc. boosted its holdings in shares of Anadarko Petroleum by 2.9% during the 1st quarter. Moors & Cabot Inc. now owns 6,307 shares of the oil and gas development company’s stock valued at $287,000 after purchasing an additional 175 shares during the last quarter. 85.17% of the stock is owned by institutional investors.

Anadarko Petroleum stock remained flat at $$72.77 during midday trading on Tuesday. 44,791,047 shares of the company were exchanged, compared to its average volume of 6,979,022. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.92 and a quick ratio of 0.92. Anadarko Petroleum Co. has a 12 month low of $40.40 and a 12 month high of $76.23. The company has a market capitalization of $36.56 billion, a P/E ratio of 32.20, a price-to-earnings-growth ratio of 5.64 and a beta of 1.64. The business’s 50-day moving average is $72.39.

Anadarko Petroleum (NYSE:APC) last posted its quarterly earnings data on Friday, July 26th. The oil and gas development company reported $0.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.04). Anadarko Petroleum had a positive return on equity of 10.49% and a negative net margin of 4.20%. The firm had revenue of $3.44 billion during the quarter, compared to analysts’ expectations of $3.31 billion. During the same period last year, the company earned $0.54 earnings per share. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. As a group, analysts expect that Anadarko Petroleum Co. will post 1.97 earnings per share for the current fiscal year.

Several research firms have commented on APC. Argus downgraded shares of Anadarko Petroleum from a “buy” rating to a “hold” rating in a report on Tuesday, April 16th. Zacks Investment Research upgraded shares of Anadarko Petroleum from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a research report on Tuesday, April 16th. Johnson Rice cut shares of Anadarko Petroleum from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Susquehanna Bancshares restated a “neutral” rating and set a $65.00 target price (up from $62.00) on shares of Anadarko Petroleum in a research report on Wednesday, April 17th. Finally, Stifel Nicolaus cut shares of Anadarko Petroleum from a “buy” rating to a “hold” rating and upped their target price for the company from $68.00 to $76.00 in a research report on Tuesday, May 7th. One equities research 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 company currently has an average rating of “Hold” and an average target price of $70.25.

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).

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

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