Ajo LP acquired a new position in Anadarko Petroleum Corporation (NYSE:APC) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 661,794 shares of the oil and gas development company’s stock, valued at approximately $30,006,000. Ajo LP owned approximately 0.12% of Anadarko Petroleum Corporation as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in APC. BlackRock Inc. boosted its position in shares of Anadarko Petroleum Corporation by 3,052.0% in the 1st quarter. BlackRock Inc. now owns 42,300,274 shares of the oil and gas development company’s stock worth $2,622,619,000 after buying an additional 40,958,268 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Anadarko Petroleum Corporation by 106.6% in the 2nd quarter. Franklin Resources Inc. now owns 14,394,958 shares of the oil and gas development company’s stock worth $652,661,000 after buying an additional 7,428,741 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Anadarko Petroleum Corporation by 47.4% in the 1st quarter. JPMorgan Chase & Co. now owns 12,999,493 shares of the oil and gas development company’s stock worth $805,967,000 after buying an additional 4,182,975 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Anadarko Petroleum Corporation in the 1st quarter worth about $116,982,000. Finally, UBS Asset Management Americas Inc. boosted its position in shares of Anadarko Petroleum Corporation by 109.2% in the 1st quarter. UBS Asset Management Americas Inc. now owns 2,891,266 shares of the oil and gas development company’s stock worth $179,258,000 after buying an additional 1,509,047 shares in the last quarter. Institutional investors and hedge funds own 85.08% of the company’s stock.

Anadarko Petroleum Corporation (APC) opened at 42.05 on Wednesday. Anadarko Petroleum Corporation has a 12-month low of $39.96 and a 12-month high of $73.33. The stock’s market cap is $23.56 billion. The firm has a 50-day moving average price of $43.15 and a 200-day moving average price of $51.46.

Anadarko Petroleum Corporation (NYSE:APC) last issued its quarterly earnings data on Monday, July 24th. The oil and gas development company reported ($0.77) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.35) by ($0.42). Anadarko Petroleum Corporation had a negative net margin of 19.31% and a negative return on equity of 9.71%. The company had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the previous year, the business posted ($0.60) earnings per share. The firm’s revenue was up 41.8% on a year-over-year basis. Analysts forecast that Anadarko Petroleum Corporation will post ($2.13) EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Investors of record on Wednesday, September 13th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend is Tuesday, September 12th. Anadarko Petroleum Corporation’s payout ratio is -5.14%.

A number of research firms have issued reports on APC. Stifel Nicolaus restated a “buy” rating and issued a $80.00 target price (down from $81.00) on shares of Anadarko Petroleum Corporation in a report on Friday, May 19th. Scotiabank set a $76.00 target price on shares of Anadarko Petroleum Corporation and gave the company a “buy” rating in a report on Tuesday, May 16th. Jefferies Group LLC set a $62.00 target price on shares of Anadarko Petroleum Corporation and gave the company a “buy” rating in a report on Tuesday, June 6th. BidaskClub upgraded shares of Anadarko Petroleum Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Finally, Barclays PLC lowered shares of Anadarko Petroleum Corporation from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $52.00 to $42.00 in a report on Wednesday, June 14th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. Anadarko Petroleum Corporation has an average rating of “Buy” and an average target price of $69.73.

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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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