First Republic Investment Management Inc. Lowers Position in Anadarko Petroleum Co. (APC)

First Republic Investment Management Inc. trimmed its position in shares of Anadarko Petroleum Co. (NYSE:APC) by 29.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 184,998 shares of the oil and gas development company’s stock after selling 76,583 shares during the period. First Republic Investment Management Inc.’s holdings in Anadarko Petroleum were worth $8,414,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Steward Partners Investment Advisory LLC increased its stake in Anadarko Petroleum by 35.0% during the first quarter. Steward Partners Investment Advisory LLC now owns 34,182 shares of the oil and gas development company’s stock valued at $1,554,000 after acquiring an additional 8,870 shares during the period. Cullen Frost Bankers Inc. increased its stake in Anadarko Petroleum by 36.4% during the first quarter. Cullen Frost Bankers Inc. now owns 7,776 shares of the oil and gas development company’s stock valued at $353,000 after acquiring an additional 2,076 shares during the period. Janney Montgomery Scott LLC increased its stake in Anadarko Petroleum by 12.7% during the first quarter. Janney Montgomery Scott LLC now owns 119,865 shares of the oil and gas development company’s stock valued at $5,451,000 after acquiring an additional 13,518 shares during the period. Dupont Capital Management Corp increased its stake in Anadarko Petroleum by 39.2% during the first quarter. Dupont Capital Management Corp now owns 13,142 shares of the oil and gas development company’s stock valued at $598,000 after acquiring an additional 3,700 shares during the period. Finally, Berkeley Capital Partners LLC increased its stake in Anadarko Petroleum by 7.8% during the first quarter. Berkeley Capital Partners LLC now owns 11,722 shares of the oil and gas development company’s stock valued at $533,000 after acquiring an additional 851 shares during the period. Hedge funds and other institutional investors own 87.16% of the company’s stock.

APC has been the topic of several research reports. Mitsubishi UFJ Financial Group lowered their price target on Anadarko Petroleum to $70.00 in a research note on Thursday, February 7th. Guggenheim set a $69.00 price objective on Anadarko Petroleum and gave the company a “buy” rating in a report on Friday, February 22nd. Mizuho reaffirmed a “buy” rating and set a $55.00 price objective on shares of Anadarko Petroleum in a report on Tuesday, February 12th. Citigroup assumed coverage on Anadarko Petroleum in a report on Tuesday, April 9th. They set a “buy” rating on the stock. Finally, Zacks Investment Research raised Anadarko Petroleum from a “hold” rating to a “buy” rating and set a $69.00 price objective on the stock in a report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, nineteen have given a hold rating and ten have given a buy rating to the company. Anadarko Petroleum has a consensus rating of “Hold” and a consensus price target of $69.81.

Shares of APC opened at $72.72 on Friday. The company has a market capitalization of $36.33 billion, a PE ratio of 32.18, a price-to-earnings-growth ratio of 4.73 and a beta of 1.82. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.81 and a current ratio of 0.81. Anadarko Petroleum Co. has a one year low of $40.40 and a one year high of $76.70.

Anadarko Petroleum (NYSE:APC) last announced its earnings results on Thursday, April 25th. The oil and gas development company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.30 by $0.23. The business had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $2.91 billion. Anadarko Petroleum had a return on equity of 10.09% and a net margin of 3.53%. Anadarko Petroleum’s revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.52 EPS. On average, sell-side analysts expect that Anadarko Petroleum Co. will post 2.37 EPS for the current fiscal year.

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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).

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

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