Miller Howard Investments Inc. NY decreased its holdings in shares of Anadarko Petroleum Corporation (NYSE:APC) by 9.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 83,727 shares of the oil and gas development company’s stock after selling 8,728 shares during the period. Miller Howard Investments Inc. NY’s holdings in Anadarko Petroleum Corporation were worth $4,090,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the company. Public Employees Retirement Association of Colorado boosted its position in shares of Anadarko Petroleum Corporation by 29.5% during the 3rd quarter. Public Employees Retirement Association of Colorado now owns 1,251,778 shares of the oil and gas development company’s stock valued at $61,149,000 after purchasing an additional 285,247 shares in the last quarter. Essex Investment Management Co. LLC bought a new position in shares of Anadarko Petroleum Corporation during the 3rd quarter valued at about $1,327,000. Canada Pension Plan Investment Board boosted its position in shares of Anadarko Petroleum Corporation by 3.0% during the 3rd quarter. Canada Pension Plan Investment Board now owns 623,917 shares of the oil and gas development company’s stock valued at $30,478,000 after purchasing an additional 18,100 shares in the last quarter. Garrison Financial Corp boosted its position in shares of Anadarko Petroleum Corporation by 6.6% during the 3rd quarter. Garrison Financial Corp now owns 44,776 shares of the oil and gas development company’s stock valued at $2,187,000 after purchasing an additional 2,776 shares in the last quarter. Finally, Adams Natural Resources Fund Inc. bought a new position in shares of Anadarko Petroleum Corporation during the 3rd quarter valued at about $8,358,000. Institutional investors own 85.54% of the company’s stock.

Several equities analysts have recently weighed in on the stock. Mitsubishi UFJ Financial Group upgraded shares of Anadarko Petroleum Corporation from a “neutral” rating to a “buy” rating and set a $66.00 price objective for the company in a research report on Thursday, July 27th. BidaskClub lowered shares of Anadarko Petroleum Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 17th. Scotiabank restated a “buy” rating and set a $62.00 price objective on shares of Anadarko Petroleum Corporation in a research report on Wednesday. Stifel Nicolaus restated a “buy” rating and set a $78.00 price objective (down previously from $80.00) on shares of Anadarko Petroleum Corporation in a research report on Tuesday, July 25th. Finally, Bank of America Corporation reduced their price objective on shares of Anadarko Petroleum Corporation from $81.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, July 25th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $67.35.

Shares of Anadarko Petroleum Corporation (NYSE APC) traded down $0.63 on Friday, reaching $49.51. 6,375,744 shares of the company traded hands, compared to its average volume of 5,613,601. The company has a current ratio of 2.03, a quick ratio of 2.53 and a debt-to-equity ratio of 1.11.

Anadarko Petroleum Corporation (NYSE:APC) last issued its quarterly earnings data on Tuesday, October 31st. The oil and gas development company reported ($0.77) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.56) by ($0.21). Anadarko Petroleum Corporation 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 the consensus estimate of $2.52 billion. During the same period in the previous year, the firm earned ($0.89) earnings per share. The company’s revenue was up 31.9% compared to the same quarter last year. equities analysts expect that Anadarko Petroleum Corporation will post -2.16 EPS for the current year.

Anadarko Petroleum Corporation declared that its Board of Directors has initiated a stock buyback plan on Wednesday, September 20th that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the oil and gas development company to reacquire up to 10% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

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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.

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

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