California Public Employees Retirement System increased its stake in shares of Anadarko Petroleum Corporation (NYSE:APC) by 0.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,256,492 shares of the oil and gas development company’s stock after purchasing an additional 3,615 shares during the quarter. California Public Employees Retirement System owned about 0.23% of Anadarko Petroleum worth $61,380,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Optimum Investment Advisors grew its stake in shares of Anadarko Petroleum 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 during the last quarter. Bienville Capital Management LLC grew its stake in shares of Anadarko Petroleum 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 during the last quarter. Stonebridge Capital Advisors LLC grew its stake in shares of Anadarko Petroleum by 0.8% during the second quarter. Stonebridge Capital Advisors LLC now owns 24,849 shares of the oil and gas development company’s stock valued at $1,127,000 after purchasing an additional 200 shares during the last quarter. Sheaff Brock Investment Advisors LLC grew its stake in shares of Anadarko Petroleum by 3.7% during the second quarter. Sheaff Brock Investment Advisors LLC now owns 5,656 shares of the oil and gas development company’s stock valued at $256,000 after purchasing an additional 200 shares during the last quarter. Finally, GHP Investment Advisors Inc. grew its stake in shares of Anadarko Petroleum by 7.5% during the second quarter. GHP Investment Advisors Inc. now owns 4,584 shares of the oil and gas development company’s stock valued at $208,000 after purchasing an additional 320 shares during the last quarter. 87.91% of the stock is currently owned by institutional investors and hedge funds.

Shares of Anadarko Petroleum Corporation (APC) opened at $48.26 on Thursday. Anadarko Petroleum Corporation has a twelve month low of $39.96 and a twelve month high of $72.50. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 1.11.

Anadarko Petroleum (NYSE:APC) last issued 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). Anadarko Petroleum had a negative return on equity of 9.82% and a negative net margin of 17.13%. The company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the previous year, the business earned ($0.89) earnings per share. The company’s revenue was up 31.9% on a year-over-year basis. equities analysts expect that Anadarko Petroleum Corporation will post -2.24 earnings per share for the current year.

Anadarko Petroleum announced that its Board of Directors has approved a share repurchase program on Wednesday, September 20th that authorizes the company to buyback $2.50 billion in outstanding shares. This buyback authorization authorizes the oil and gas development company to purchase up to 10% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 27th. Investors of record on Wednesday, December 13th will be issued a dividend of $0.05 per share. The ex-dividend date is Tuesday, December 12th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.41%. Anadarko Petroleum’s payout ratio is -5.63%.

APC has been the topic of several research analyst reports. Scotiabank set a $62.00 price target on shares of Anadarko Petroleum and gave the company a “buy” rating in a research note on Saturday, November 25th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $62.00 price objective on shares of Anadarko Petroleum in a research note on Friday, September 29th. BMO Capital Markets reaffirmed a “hold” rating and issued a $53.00 price objective on shares of Anadarko Petroleum in a research note on Monday, September 4th. Citigroup reduced their price objective on shares of Anadarko Petroleum from $60.00 to $58.00 and set a “buy” rating on the stock in a research note on Friday, October 13th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $57.00 price objective on shares of Anadarko Petroleum in a research note on Tuesday, October 10th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. Anadarko Petroleum has an average rating of “Buy” and a consensus target price of $66.23.

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Anadarko Petroleum 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.

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

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