Deltec Asset Management LLC continued to hold its stake in shares of Anadarko Petroleum Corp. (NYSE:APC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 160,660 shares of the oil and gas development company’s stock at the end of the second quarter. Anadarko Petroleum Corp. makes up 2.2% of Deltec Asset Management LLC’s holdings, making the stock its 7th largest position. Deltec Asset Management LLC’s holdings in Anadarko Petroleum Corp. were worth $8,555,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the company. Legal & General Group Plc increased its stake in shares of Anadarko Petroleum Corp. by 6.4% in the first quarter. Legal & General Group Plc now owns 2,242,180 shares of the oil and gas development company’s stock worth $104,425,000 after buying an additional 135,608 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Anadarko Petroleum Corp. by 0.4% in the first quarter. Arizona State Retirement System now owns 137,826 shares of the oil and gas development company’s stock worth $6,419,000 after buying an additional 600 shares during the last quarter. Factory Mutual Insurance Co. purchased a new stake in shares of Anadarko Petroleum Corp. during the first quarter worth about $27,430,000. Prudential Financial Inc. increased its stake in shares of Anadarko Petroleum Corp. by 0.8% in the first quarter. Prudential Financial Inc. now owns 648,419 shares of the oil and gas development company’s stock worth $30,197,000 after buying an additional 5,100 shares during the last quarter. Finally, Loomis Sayles & Co. L P increased its stake in shares of Anadarko Petroleum Corp. by 0.7% in the first quarter. Loomis Sayles & Co. L P now owns 3,424 shares of the oil and gas development company’s stock worth $159,000 after buying an additional 24 shares during the last quarter. 86.49% of the stock is owned by institutional investors and hedge funds.

Shares of Anadarko Petroleum Corp. (NYSE:APC) traded up 1.32% on Tuesday, reaching $58.28. 6,383,619 shares of the company were exchanged. The company’s 50-day moving average is $55.01 and its 200-day moving average is $51.76. The company’s market capitalization is $29.75 billion. Anadarko Petroleum Corp. has a 52 week low of $28.16 and a 52 week high of $73.87.

Anadarko Petroleum Corp. (NYSE:APC) last released its quarterly earnings results on Tuesday, July 26th. The oil and gas development company reported ($0.60) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.80) by $0.20. The company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.89 billion. Anadarko Petroleum Corp. had a negative net margin of 71.09% and a negative return on equity of 9.88%. Anadarko Petroleum Corp.’s revenue was down 27.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.01 earnings per share. On average, equities analysts expect that Anadarko Petroleum Corp. will post ($2.64) EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 28th. Investors of record on Wednesday, September 14th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date of this dividend is Monday, September 12th. Anadarko Petroleum Corp.’s payout ratio is -1.95%.

A number of research analysts have recently weighed in on the stock. Bank of America Corp. reissued a “buy” rating and set a $95.00 target price on shares of Anadarko Petroleum Corp. in a research report on Tuesday, September 13th. Vetr downgraded shares of Anadarko Petroleum Corp. from a “buy” rating to a “hold” rating and set a $52.80 target price for the company. in a research report on Wednesday, May 25th. Goldman Sachs Group Inc. reissued an “outperform” rating on shares of Anadarko Petroleum Corp. in a research report on Wednesday, September 14th. Citigroup Inc. increased their target price on shares of Anadarko Petroleum Corp. from $65.00 to $68.00 and gave the company a “buy” rating in a research report on Tuesday, September 13th. Finally, Morgan Stanley increased their target price on shares of Anadarko Petroleum Corp. from $74.00 to $81.00 and gave the company an “overweight” rating in a research report on Tuesday, September 13th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-five have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $68.32.

About Anadarko Petroleum Corp.

Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company’s segments include Oil and Gas Exploration & Production; Midstream, and Marketing. The Oil and Gas Exploration & Production segment explores for and produces oil, condensate, natural gas and natural gas liquids (NGLs), and focuses on the development and operation of the Company’s liquefied natural gas (LNG) project in Mozambique.

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