Amalgamated Bank increased its holdings in shares of Anadarko Petroleum Corporation (NYSE:APC) by 68.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 58,478 shares of the oil and gas development company’s stock after purchasing an additional 23,785 shares during the period. Amalgamated Bank’s holdings in Anadarko Petroleum Corporation were worth $2,651,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Clean Yield Group acquired a new stake in Anadarko Petroleum Corporation during the first quarter worth approximately $105,000. Assetmark Inc. grew its stake in Anadarko Petroleum Corporation by 10.7% during the first quarter. Assetmark Inc. now owns 1,815 shares of the oil and gas development company’s stock worth $113,000 after purchasing an additional 176 shares during the period. Guardian Life Insurance Co. of America grew its stake in Anadarko Petroleum Corporation by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 2,156 shares of the oil and gas development company’s stock worth $134,000 after purchasing an additional 15 shares during the period. FNY Partners Fund LP grew its stake in Anadarko Petroleum Corporation by 2,900.0% during the second quarter. FNY Partners Fund LP now owns 3,000 shares of the oil and gas development company’s stock worth $136,000 after purchasing an additional 2,900 shares during the period. Finally, Fifth Third Bancorp grew its stake in Anadarko Petroleum Corporation by 33.9% during the first quarter. Fifth Third Bancorp now owns 2,687 shares of the oil and gas development company’s stock worth $167,000 after purchasing an additional 680 shares during the period. 85.08% of the stock is owned by institutional investors and hedge funds.

Shares of Anadarko Petroleum Corporation (NYSE APC) opened at 43.55 on Friday. The company’s 50-day moving average price is $42.85 and its 200-day moving average price is $51.03. The company’s market capitalization is $24.40 billion. Anadarko Petroleum Corporation has a one year low of $39.96 and a one year high of $73.33.

Anadarko Petroleum Corporation (NYSE:APC) last issued its earnings results on Monday, July 24th. The oil and gas development company reported ($0.77) EPS for the quarter, missing the consensus estimate of ($0.35) by ($0.42). The business had revenue of $2.72 billion for the quarter, compared to analysts’ expectations 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 business’s revenue for the quarter was up 41.8% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.60) earnings per share. On average, equities research analysts predict that Anadarko Petroleum Corporation will post ($2.12) earnings per share for the current year.

The company 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. The ex-dividend date is Tuesday, September 12th. This represents a $0.20 annualized dividend and a dividend yield of 0.46%. Anadarko Petroleum Corporation’s payout ratio is -5.14%.

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Several equities research analysts recently commented on the company. Cowen and Company reaffirmed a “buy” rating and set a $60.00 target price on shares of Anadarko Petroleum Corporation in a research note on Sunday. BMO Capital Markets reaffirmed a “hold” rating and set a $53.00 target price on shares of Anadarko Petroleum Corporation in a research note on Monday, September 4th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Anadarko Petroleum Corporation in a research note on Sunday, September 3rd. Jefferies Group LLC set a $62.00 target price on Anadarko Petroleum Corporation and gave the stock a “buy” rating in a research note on Monday, August 28th. Finally, Royal Bank Of Canada set a $62.00 target price on Anadarko Petroleum Corporation and gave the stock a “buy” rating in a research note on Thursday, August 24th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $70.12.

Anadarko Petroleum Corporation Profile

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.

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

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