Grassi Investment Management grew its stake in Anadarko Petroleum Co. (NYSE:APC) by 9.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,675 shares of the oil and gas development company’s stock after purchasing an additional 1,700 shares during the period. Grassi Investment Management’s holdings in Anadarko Petroleum were worth $1,055,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Gillespie Robinson & Grimm Inc. lifted its stake in shares of Anadarko Petroleum by 26.2% during the 4th quarter. Gillespie Robinson & Grimm Inc. now owns 75,665 shares of the oil and gas development company’s stock worth $4,059,000 after acquiring an additional 15,700 shares during the last quarter. Stillwater Investment Management LLC lifted its stake in shares of Anadarko Petroleum by 319.6% during the 4th quarter. Stillwater Investment Management LLC now owns 62,613 shares of the oil and gas development company’s stock worth $3,020,000 after acquiring an additional 47,690 shares during the last quarter. Parametric Portfolio Associates LLC lifted its stake in shares of Anadarko Petroleum by 9.5% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,146,643 shares of the oil and gas development company’s stock worth $56,014,000 after acquiring an additional 99,884 shares during the last quarter. Chicago Partners Investment Group LLC lifted its stake in shares of Anadarko Petroleum by 155.0% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 10,201 shares of the oil and gas development company’s stock worth $498,000 after acquiring an additional 6,201 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new stake in shares of Anadarko Petroleum during the 3rd quarter worth approximately $116,000. 87.77% of the stock is owned by institutional investors and hedge funds.

APC has been the subject of a number of research analyst reports. Cowen reissued a “buy” rating and set a $60.00 price target on shares of Anadarko Petroleum in a research note on Sunday, September 17th. Scotiabank reissued a “buy” rating and set a $64.00 price target on shares of Anadarko Petroleum in a research note on Friday, September 22nd. Mitsubishi UFJ Financial Group reissued a “buy” rating and set a $66.00 price target on shares of Anadarko Petroleum in a research note on Thursday, September 21st. Stifel Nicolaus reissued a “buy” rating and set a $77.00 price target (up from $76.00) on shares of Anadarko Petroleum in a research note on Monday, September 25th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $62.00 price target on shares of Anadarko Petroleum in a research note on Friday, September 29th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and nineteen have given a buy rating to the company’s stock. Anadarko Petroleum currently has an average rating of “Buy” and an average price target of $65.00.

Anadarko Petroleum Co. (APC) traded down $0.11 on Wednesday, reaching $55.41. The company’s stock had a trading volume of 4,624,533 shares, compared to its average volume of 4,372,271. The stock has a market cap of $30,320.00, a P/E ratio of -15.65 and a beta of 1.38. Anadarko Petroleum Co. has a one year low of $39.96 and a one year high of $72.32. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.03 and a quick ratio of 2.03.

Anadarko Petroleum (NYSE:APC) last released its quarterly earnings data on Tuesday, October 31st. The oil and gas development company reported ($0.77) EPS for the quarter, missing the consensus estimate of ($0.56) by ($0.21). The firm had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Anadarko Petroleum had a negative return on equity of 9.82% and a negative net margin of 17.13%. The company’s revenue for the quarter was up 31.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.89) earnings per share. equities analysts anticipate that Anadarko Petroleum Co. will post -2.21 EPS for the current year.

Anadarko Petroleum declared that its Board of Directors has initiated 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 repurchase up to 10% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 27th. Stockholders of record on Wednesday, December 13th were issued a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, December 12th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.36%. Anadarko Petroleum’s dividend payout ratio is presently -5.65%.

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About Anadarko Petroleum

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 (NYSE:APC)

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