Harbor Advisors LLC held its stake in shares of Anadarko Petroleum Corporation (NYSE:APC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,000 shares of the oil and gas development company’s stock at the end of the second quarter. Harbor Advisors LLC’s holdings in Anadarko Petroleum Corporation were worth $227,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Assetmark Inc. grew its position 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 buying an additional 176 shares in the last quarter. Guardian Life Insurance Co. of America grew 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 worth $134,000 after buying an additional 15 shares in the last quarter. FNY Partners Fund LP grew 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 worth $136,000 after buying an additional 2,900 shares in the last quarter. Sun Life Financial INC grew its position in shares of Anadarko Petroleum Corporation by 1,363.4% during the 2nd quarter. Sun Life Financial INC now owns 3,000 shares of the oil and gas development company’s stock worth $136,000 after buying an additional 2,795 shares in the last quarter. Finally, YorkBridge Wealth Partners LLC grew its position in shares of Anadarko Petroleum Corporation by 12.5% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 3,606 shares of the oil and gas development company’s stock worth $166,000 after buying an additional 402 shares in the last quarter. 85.05% of the stock is currently owned by institutional investors.

A number of equities analysts have recently issued reports on APC shares. Barclays PLC downgraded Anadarko Petroleum Corporation from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $52.00 to $42.00 in a research report on Wednesday, June 14th. BidaskClub raised Anadarko Petroleum Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Royal Bank Of Canada set a $78.00 price target on Anadarko Petroleum Corporation and gave the stock a “buy” rating in a research report on Saturday, June 17th. Citigroup Inc. started coverage on Anadarko Petroleum Corporation in a research report on Thursday, June 29th. They set a “positive” rating and a $60.00 price target on the stock. They noted that the move was a valuation call. Finally, Susquehanna Bancshares Inc started coverage on Anadarko Petroleum Corporation in a research report on Thursday, June 29th. They set a “positive” rating and a $60.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. Anadarko Petroleum Corporation currently has a consensus rating of “Buy” and an average price target of $69.78.

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Shares of Anadarko Petroleum Corporation (APC) traded up 0.24% on Thursday, hitting $49.54. The stock had a trading volume of 476,241 shares. The firm’s market cap is $27.76 billion. Anadarko Petroleum Corporation has a 52-week low of $39.96 and a 52-week high of $73.33. The firm’s 50-day moving average price is $44.23 and its 200 day moving average price is $49.52.

Anadarko Petroleum Corporation (NYSE:APC) last posted its earnings results on Monday, July 24th. The oil and gas development company reported ($0.77) earnings per share for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same period in the previous year, the firm posted ($0.60) earnings per share. The firm’s revenue for the quarter was up 41.8% on a year-over-year basis. On average, equities research analysts predict that Anadarko Petroleum Corporation will post ($2.13) EPS for the current year.

Anadarko Petroleum Corporation announced that its board has authorized a stock buyback plan on Wednesday, September 20th that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the oil and gas development company to repurchase up to 10% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 13th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.40%. 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.

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

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