BB&T Corp reduced its position in shares of Anadarko Petroleum Co. (NYSE:APC) by 12.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 32,472 shares of the oil and gas development company’s stock after selling 4,660 shares during the period. BB&T Corp’s holdings in Anadarko Petroleum were worth $1,578,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in APC. Janus Capital Management boosted its stake in shares of Anadarko Petroleum by 2.1% in the third quarter. Janus Capital Management now owns 1,758,565 shares of the oil and gas development company’s stock worth $106,210,000 after buying an additional 35,349 shares during the period. Nikko Asset Management Americas boosted its stake in Anadarko Petroleum by 6.7% in the fourth quarter. Nikko Asset Management Americas now owns 320,436 shares of the oil and gas development company’s stock worth $15,503,000 after buying an additional 20,200 shares during the last quarter. Beacon Capital Management bought a new stake in Anadarko Petroleum during the fourth quarter worth $0. Searle & Company boosted its stake in Anadarko Petroleum by 17.5% in the fourth quarter. Searle & Company now owns 12,595 shares of the oil and gas development company’s stock worth $619,000 after buying an additional 1,875 shares during the last quarter. Finally, Woodstock boosted its stake in Anadarko Petroleum by 1.6% in the fourth quarter. Woodstock now owns 130,063 shares of the oil and gas development company’s stock worth $6,318,000 after buying an additional 2,087 shares during the last quarter.

Anadarko Petroleum Co. (NYSE:APC) opened at 38.25 on Tuesday. The firm’s market cap is $19.44 billion. The firm’s 50 day moving average price is $41.73 and its 200-day moving average price is $61.12. Anadarko Petroleum Co. has a 52 week low of $28.16 and a 52 week high of $95.94.

Anadarko Petroleum (NYSE:APC) last issued its quarterly earnings data on Monday, February 1st. The oil and gas development company reported ($2.45) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($1.09) by $1.36. The company had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same period in the previous year, the company earned $0.37 EPS. On average, analysts forecast that Anadarko Petroleum Co. will post ($2.52) EPS for the current year.

A number of research firms have weighed in on APC. Zacks Investment Research raised Anadarko Petroleum from a “hold” rating to a “buy” rating and set a $81.00 price objective for the company in a research report on Monday, October 26th. KLR Group decreased their price objective on Anadarko Petroleum from $104.00 to $97.00 in a research report on Thursday, October 15th. Vetr cut Anadarko Petroleum from a “strong-buy” rating to a “buy” rating and set a $78.72 price objective for the company. in a research report on Wednesday, November 4th. BMO Capital Markets decreased their price objective on Anadarko Petroleum from $100.00 to $85.00 in a research report on Wednesday, October 7th. Finally, Iberia Capital decreased their price objective on Anadarko Petroleum from $90.00 to $80.00 and set an “outperform” rating for the company in a research report on Monday, November 2nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. Anadarko Petroleum has an average rating of “Buy” and an average target price of $81.20.

In other Anadarko Petroleum news, Director Peter J. Fluor acquired 7,527 shares of the firm’s stock in a transaction that occurred on Thursday, January 21st. The stock was purchased at an average cost of $30.55 per share, for a total transaction of $229,949.85. Following the completion of the acquisition, the director now owns 112,285 shares of the company’s stock, valued at approximately $3,430,306.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Peter J. Fluor acquired 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 7th. The stock was acquired at an average price of $41.19 per share, with a total value of $1,029,750.00. Following the completion of the acquisition, the director now directly owns 104,758 shares of the company’s stock, valued at approximately $4,314,982.02. The disclosure for this purchase can be found here.

Anadarko Petroleum Corporation is an independent exploration and production company. The Company is engaged in the exploration, development, production, and marketing of natural gas, oil, condensate, natural gas liquids (NYSE:APC), and anticipated production of liquefied natural gas (LNG). Its assets include United States onshore resource plays in the Rocky Mountains area, the southern United States, the Appalachian basin, and Alaska. The Company has three segments: Oil and gas exploration and production, Midstream and Marketing. Oil and gas exploration and production segment explores for and produces natural gas, oil, condensate, and NGLs, and plans for the development and operation of its LNG project. Midstream segment engages in gathering, processing, treating, and transporting oil, natural-gas, and NGLs production. Marketing segment sells oil, natural-gas, and NGLs production. The Company is also an independent producer in the deepwater Gulf of Mexico.

12 Month Chart for NYSE:APC

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