Bank of New York Mellon Corp trimmed its stake in Anadarko Petroleum Corporation (NYSE:APC) by 6.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,050,619 shares of the oil and gas development company’s stock after selling 437,038 shares during the period. Bank of New York Mellon Corp owned 1.11% of Anadarko Petroleum Corporation worth $295,574,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. BlackRock Inc. raised its stake in shares of Anadarko Petroleum Corporation by 8.2% in the 2nd quarter. BlackRock Inc. now owns 45,766,435 shares of the oil and gas development company’s stock valued at $2,075,051,000 after acquiring an additional 3,466,161 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Anadarko Petroleum Corporation by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 39,870,873 shares of the oil and gas development company’s stock valued at $1,807,745,000 after acquiring an additional 999,933 shares in the last quarter. Dodge & Cox raised its stake in shares of Anadarko Petroleum Corporation by 43.7% in the 2nd quarter. Dodge & Cox now owns 32,794,208 shares of the oil and gas development company’s stock valued at $1,486,889,000 after acquiring an additional 9,965,600 shares in the last quarter. State Street Corp raised its stake in shares of Anadarko Petroleum Corporation by 0.8% in the 2nd quarter. State Street Corp now owns 28,641,263 shares of the oil and gas development company’s stock valued at $1,298,599,000 after acquiring an additional 218,628 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of Anadarko Petroleum Corporation by 106.6% in the 2nd quarter. Franklin Resources Inc. now owns 14,394,958 shares of the oil and gas development company’s stock valued at $652,661,000 after acquiring an additional 7,428,741 shares in the last quarter. 87.41% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have issued reports on APC shares. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $62.00 target price on shares of Anadarko Petroleum Corporation in a report on Thursday, July 20th. Citigroup Inc. lowered their target price on Anadarko Petroleum Corporation from $85.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $48.00 target price (down previously from $55.00) on shares of Anadarko Petroleum Corporation in a report on Saturday, July 22nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $78.00 target price (down previously from $80.00) on shares of Anadarko Petroleum Corporation in a report on Tuesday, July 25th. Finally, Bank of America Corporation lowered their target price on Anadarko Petroleum Corporation from $81.00 to $80.00 and set a “buy” rating on the stock in a report on Tuesday, July 25th. Three analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Anadarko Petroleum Corporation has a consensus rating of “Buy” and a consensus target price of $66.77.

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Anadarko Petroleum Corporation (NYSE APC) traded up $0.25 during midday trading on Friday, reaching $47.75. The company had a trading volume of 970,215 shares, compared to its average volume of 5,022,771. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 1.11. Anadarko Petroleum Corporation has a fifty-two week low of $39.96 and a fifty-two week high of $73.33.

Anadarko Petroleum Corporation (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 analysts’ consensus estimates of ($0.56) by ($0.21). The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.52 billion. Anadarko Petroleum Corporation had a negative net margin of 17.13% and a negative return on equity of 9.82%. The company’s revenue for the quarter was up 31.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.89) EPS. equities research analysts predict that Anadarko Petroleum Corporation will post -2.23 EPS for the current year.

Anadarko Petroleum Corporation declared that its board has initiated a share repurchase plan on Wednesday, September 20th that allows the company to repurchase $2.50 billion in shares. This repurchase authorization allows the oil and gas development company to purchase up to 10% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 27th. Shareholders of record on Wednesday, December 13th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.42%. Anadarko Petroleum Corporation’s payout ratio is -5.65%.

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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