Stifel Financial Corp raised its position in shares of Anadarko Petroleum Corporation (NYSE:APC) by 5.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 209,564 shares of the oil and gas development company’s stock after buying an additional 11,314 shares during the quarter. Stifel Financial Corp’s holdings in Anadarko Petroleum Corporation were worth $9,512,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Assetmark Inc. raised its holdings in shares of Anadarko Petroleum Corporation by 10.7% during the 1st quarter. Assetmark Inc. now owns 1,815 shares of the oil and gas development company’s stock worth $113,000 after acquiring an additional 176 shares in the last quarter. Guardian Life Insurance Co. of America boosted its position in shares of Anadarko Petroleum Corporation by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 2,156 shares of the oil and gas development company’s stock valued at $134,000 after acquiring an additional 15 shares during the last quarter. FNY Partners Fund LP boosted its position in shares of Anadarko Petroleum Corporation by 2,900.0% during the 2nd quarter. FNY Partners Fund LP now owns 3,000 shares of the oil and gas development company’s stock valued at $136,000 after acquiring an additional 2,900 shares during the last quarter. Fifth Third Bancorp boosted its position in shares of Anadarko Petroleum Corporation by 33.9% during the 1st quarter. Fifth Third Bancorp now owns 2,687 shares of the oil and gas development company’s stock valued at $167,000 after acquiring an additional 680 shares during the last quarter. Finally, Trust Co. of Vermont boosted its position in shares of Anadarko Petroleum Corporation by 24.5% during the 2nd quarter. Trust Co. of Vermont now owns 4,117 shares of the oil and gas development company’s stock valued at $187,000 after acquiring an additional 811 shares during the last quarter. Institutional investors and hedge funds own 85.05% of the company’s stock.

A number of research firms recently weighed in on APC. 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. Barclays PLC downgraded shares of Anadarko Petroleum Corporation from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $52.00 to $42.00 in a research note on Wednesday, June 14th. BidaskClub raised shares of Anadarko Petroleum Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Royal Bank Of Canada set a $78.00 price objective on shares of Anadarko Petroleum Corporation and gave the company a “buy” rating in a research report on Saturday, June 17th. Finally, Citigroup Inc. started coverage on shares of Anadarko Petroleum Corporation in a research report on Thursday, June 29th. They set a “positive” rating and a $60.00 price objective for the company. They noted that the move was a valuation call. 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 given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $70.08.

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Anadarko Petroleum Corporation (APC) opened at 49.27 on Wednesday. The stock’s market capitalization is $27.61 billion. Anadarko Petroleum Corporation has a one year low of $39.96 and a one year high of $73.33. The company’s 50-day moving average is $44.05 and its 200 day moving average is $49.52.

Anadarko Petroleum Corporation (NYSE:APC) last posted its quarterly earnings data on Monday, July 24th. The oil and gas development company reported ($0.77) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by ($0.42). The business had revenue of $2.72 billion during 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 company’s revenue for the quarter was up 41.8% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.60) EPS. Equities analysts expect that Anadarko Petroleum Corporation will post ($2.13) EPS for the current year.

Anadarko Petroleum Corporation declared that its Board of Directors has approved a stock buyback plan on Wednesday, September 20th that allows the company to repurchase $2.50 billion in shares. This repurchase authorization allows the oil and gas development company to reacquire up to 10% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 27th. Investors of record on Wednesday, September 13th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.41%. The ex-dividend date was Tuesday, September 12th. Anadarko Petroleum Corporation’s payout ratio is currently -5.14%.

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.

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

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