FTB Advisors Inc. lessened its holdings in shares of Anadarko Petroleum Corporation (NYSE:APC) by 20.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,597 shares of the oil and gas development company’s stock after selling 1,175 shares during the quarter. FTB Advisors Inc.’s holdings in Anadarko Petroleum Corporation were worth $206,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Artemis Investment Management LLP raised its stake in Anadarko Petroleum Corporation by 8.0% during the 2nd quarter. Artemis Investment Management LLP now owns 36,565 shares of the oil and gas development company’s stock worth $1,658,000 after buying an additional 2,698 shares during the period. Andra AP fonden raised its stake in Anadarko Petroleum Corporation by 13.7% during the 2nd quarter. Andra AP fonden now owns 84,000 shares of the oil and gas development company’s stock worth $3,809,000 after buying an additional 10,100 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its stake in Anadarko Petroleum Corporation by 1.6% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,121,709 shares of the oil and gas development company’s stock worth $50,858,000 after buying an additional 17,411 shares during the period. Cipher Capital LP raised its stake in Anadarko Petroleum Corporation by 364.8% during the 2nd quarter. Cipher Capital LP now owns 140,420 shares of the oil and gas development company’s stock worth $6,367,000 after buying an additional 110,209 shares during the period. Finally, Commerzbank Aktiengesellschaft FI raised its stake in Anadarko Petroleum Corporation by 30.2% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 424,746 shares of the oil and gas development company’s stock worth $19,258,000 after buying an additional 98,545 shares during the period. 85.05% of the stock is currently owned by institutional investors and hedge funds.

Anadarko Petroleum Corporation (APC) traded down 0.84% during trading on Friday, reaching $48.64. The company had a trading volume of 6,587,592 shares. The company’s market capitalization is $27.26 billion. The company has a 50-day moving average price of $44.61 and a 200 day moving average price of $49.42. Anadarko Petroleum Corporation has a one year low of $39.96 and a one year high of $73.33.

Anadarko Petroleum Corporation (NYSE:APC) last posted its quarterly earnings data on Monday, July 24th. The oil and gas development company reported ($0.77) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by ($0.42). The firm had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Anadarko Petroleum Corporation had a negative net margin of 19.31% and a negative return on equity of 9.71%. The company’s quarterly revenue was up 41.8% on a year-over-year basis. During the same quarter last year, the business posted ($0.60) EPS. Analysts expect that Anadarko Petroleum Corporation will post ($2.11) earnings per share for the current year.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 27th. Shareholders of record on Wednesday, September 13th were paid a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, September 12th. This represents a $0.20 annualized dividend and a yield of 0.41%. Anadarko Petroleum Corporation’s dividend payout ratio (DPR) is -5.14%.

Several analysts recently commented on APC shares. Jefferies Group LLC set a $62.00 price objective on Anadarko Petroleum Corporation and gave the stock a “buy” rating in a research note on Monday, August 28th. Cowen and Company reaffirmed a “buy” rating and set a $60.00 price objective on shares of Anadarko Petroleum Corporation in a research note on Sunday, September 17th. Citigroup Inc. dropped their price objective on Anadarko Petroleum Corporation from $85.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. BMO Capital Markets reaffirmed a “hold” rating and set a $53.00 price objective on shares of Anadarko Petroleum Corporation in a research note on Monday, September 4th. Finally, Royal Bank Of Canada set a $62.00 price objective on Anadarko Petroleum Corporation and gave the stock a “buy” rating in a research note on Thursday, August 24th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. Anadarko Petroleum Corporation has an average rating of “Buy” and an average price target of $69.29.

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Anadarko Petroleum Corporation 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.

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

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