FUKOKU MUTUAL LIFE INSURANCE Co maintained its stake in Anadarko Petroleum Corporation (NYSE:APC) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,980 shares of the oil and gas development company’s stock at the close of the second quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Anadarko Petroleum Corporation were worth $135,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of APC. Assetmark Inc. boosted its position in shares of 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 acquiring an additional 176 shares during the last quarter. Guardian Life Insurance Co. of America boosted its position in shares of 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 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 second quarter. FNY Partners Fund LP now owns 3,000 shares of the oil and gas development company’s stock worth $136,000 after acquiring an additional 2,900 shares during the last quarter. Sun Life Financial INC boosted its position in shares of Anadarko Petroleum Corporation by 1,363.4% during the second quarter. Sun Life Financial INC now owns 3,000 shares of the oil and gas development company’s stock worth $136,000 after acquiring an additional 2,795 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC boosted its position in shares of Anadarko Petroleum Corporation by 12.5% during the second quarter. YorkBridge Wealth Partners LLC now owns 3,606 shares of the oil and gas development company’s stock worth $166,000 after acquiring an additional 402 shares during the last quarter. Hedge funds and other institutional investors own 85.05% of the company’s stock.

Anadarko Petroleum Corporation (APC) traded up 0.34% on Thursday, reaching $49.59. 364,863 shares of the company traded hands. The stock’s market capitalization is $27.79 billion. The stock has a 50 day moving average of $44.23 and a 200-day moving average of $49.52. Anadarko Petroleum Corporation has a 1-year low of $39.96 and a 1-year high of $73.33.

Anadarko Petroleum Corporation (NYSE:APC) last announced its quarterly earnings results on Monday, July 24th. The oil and gas development company reported ($0.77) earnings per share for the quarter, missing the consensus estimate of ($0.35) by ($0.42). The firm had revenue of $2.72 billion for the quarter, compared to analyst estimates 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 was up 41.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.60) EPS. On average, equities analysts anticipate that Anadarko Petroleum Corporation will post ($2.13) EPS for the current year.

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

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 27th. Shareholders of record on Wednesday, September 13th were given a $0.05 dividend. The ex-dividend date was Tuesday, September 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.40%. Anadarko Petroleum Corporation’s payout ratio is currently -5.14%.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Anadarko Petroleum Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Susquehanna Bancshares Inc assumed coverage on shares of Anadarko Petroleum Corporation in a research report on Thursday, June 29th. They set a “positive” rating and a $60.00 target price for the company. Citigroup Inc. dropped their target price on shares of Anadarko Petroleum Corporation from $85.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Cowen and Company set a $60.00 target price on shares of Anadarko Petroleum Corporation and gave the stock a “buy” rating in a research report on Wednesday, July 19th. Finally, Stifel Nicolaus restated a “buy” rating and set a $78.00 target price (down previously from $80.00) on shares of Anadarko Petroleum Corporation in a research report on Tuesday, July 25th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $69.78.

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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.

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

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