Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Anadarko Petroleum Co. (NYSE:APC) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 71,992 shares of the oil and gas development company’s stock, valued at approximately $5,273,000.

Other hedge funds have also recently modified their holdings of the company. Kiley Juergens Wealth Management LLC bought a new position in Anadarko Petroleum in the second quarter worth $182,000. NN Investment Partners Holdings N.V. bought a new position in Anadarko Petroleum in the second quarter worth $182,000. Leavell Investment Management Inc. bought a new position in Anadarko Petroleum in the second quarter worth $214,000. Community Bank & Trust Waco Texas bought a new position in Anadarko Petroleum in the second quarter worth $227,000. Finally, Compton Capital Management Inc. RI bought a new position in Anadarko Petroleum in the first quarter worth $208,000. 88.28% of the stock is owned by hedge funds and other institutional investors.

Several brokerages recently commented on APC. Credit Suisse Group set a $84.00 target price on Anadarko Petroleum and gave the stock a “buy” rating in a research report on Monday, July 9th. Stifel Nicolaus increased their price objective on Anadarko Petroleum from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, July 10th. ValuEngine upgraded Anadarko Petroleum from a “hold” rating to a “buy” rating in a research note on Friday, June 22nd. Morgan Stanley began coverage on Anadarko Petroleum in a research note on Thursday, July 12th. They set an “equal weight” rating and a $86.00 price objective for the company. Finally, Seaport Global Securities reiterated a “buy” rating on shares of Anadarko Petroleum in a research note on Wednesday, July 25th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seventeen have given a buy rating to the company’s stock. Anadarko Petroleum has an average rating of “Buy” and an average target price of $77.45.

Shares of NYSE:APC opened at $66.06 on Friday. Anadarko Petroleum Co. has a twelve month low of $39.96 and a twelve month high of $76.70. The firm has a market capitalization of $33.05 billion, a PE ratio of 137.32, a price-to-earnings-growth ratio of 2.13 and a beta of 1.27. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.85 and a quick ratio of 0.85.

Anadarko Petroleum (NYSE:APC) last announced its earnings results on Tuesday, July 31st. The oil and gas development company reported $0.54 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.06). Anadarko Petroleum had a net margin of 3.63% and a return on equity of 1.85%. The business had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.08 billion. During the same quarter last year, the business posted ($0.75) earnings per share. The business’s quarterly revenue was up 21.2% compared to the same quarter last year. equities analysts anticipate that Anadarko Petroleum Co. will post 3.04 earnings per share for the current year.

Anadarko Petroleum announced that its Board of Directors has authorized a share buyback plan on Monday, July 9th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the oil and gas development company to purchase up to 2.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Anadarko Petroleum Company Profile

Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of oil and gas properties. It operates through three segments: Exploration and Production, WES Midstream, and Other Midstream. The company explores for and produces oil, natural gas, and natural gas liquids (NGLs).

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

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