Stonebridge Capital Advisors LLC grew its position in shares of Anadarko Petroleum Corporation (NYSE:APC) by 0.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,849 shares of the oil and gas development company’s stock after purchasing an additional 200 shares during the quarter. Stonebridge Capital Advisors LLC’s holdings in Anadarko Petroleum Corporation were worth $1,127,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Guardian Life Insurance Co. of America boosted its stake 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 valued at $134,000 after purchasing an additional 15 shares in the last quarter. Klingenstein Fields & Co. LLC boosted its stake in shares of Anadarko Petroleum Corporation by 0.8% during the second quarter. Klingenstein Fields & Co. LLC now owns 5,250 shares of the oil and gas development company’s stock valued at $238,000 after purchasing an additional 40 shares in the last quarter. Optimum Investment Advisors boosted its stake in shares of Anadarko Petroleum Corporation by 0.9% during the second quarter. Optimum Investment Advisors now owns 11,541 shares of the oil and gas development company’s stock valued at $523,000 after purchasing an additional 100 shares in the last quarter. Cleararc Capital Inc. boosted its stake in shares of Anadarko Petroleum Corporation by 0.8% during the first quarter. Cleararc Capital Inc. now owns 13,687 shares of the oil and gas development company’s stock valued at $849,000 after purchasing an additional 109 shares in the last quarter. Finally, Bienville Capital Management LLC boosted its stake in shares of Anadarko Petroleum Corporation by 2.0% during the second quarter. Bienville Capital Management LLC now owns 5,840 shares of the oil and gas development company’s stock valued at $265,000 after purchasing an additional 112 shares in the last quarter. 85.05% of the stock is currently owned by hedge funds and other institutional investors.

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Anadarko Petroleum Corporation (NYSE:APC) traded up 0.33% during midday trading on Tuesday, hitting $49.02. The stock had a trading volume of 1,682,243 shares. The firm’s 50-day moving average price is $44.80 and its 200 day moving average price is $49.15. The company’s market cap is $27.47 billion. Anadarko Petroleum Corporation has a 12 month low of $39.96 and a 12 month high of $73.33.

Anadarko Petroleum Corporation (NYSE:APC) last released its earnings results on Monday, July 24th. The oil and gas development company reported ($0.77) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.35) by ($0.42). The firm 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 quarter in the previous year, the business earned ($0.60) EPS. On average, analysts expect that Anadarko Petroleum Corporation will post ($2.11) earnings per share for the current fiscal year.

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

Anadarko Petroleum Corporation declared that its board has approved a share 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 buy up to 10% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

APC has been the topic of a number of recent research reports. Barclays PLC lowered Anadarko Petroleum Corporation from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $52.00 to $42.00 in a research note on Wednesday, June 14th. BidaskClub raised 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 target on Anadarko Petroleum Corporation and gave the company a “buy” rating in a research note on Saturday, June 17th. Citigroup Inc. initiated coverage on Anadarko Petroleum Corporation in a research note 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 initiated coverage on Anadarko Petroleum Corporation in a research note on Thursday, June 29th. They set a “positive” rating and a $60.00 price target on the stock. Three analysts have rated the stock with a sell rating, six have issued a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $69.08.

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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