Moors & Cabot Inc. reduced its stake in shares of Anadarko Petroleum Corporation (NYSE:APC) by 2.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,018 shares of the oil and gas development company’s stock after selling 198 shares during the quarter. Moors & Cabot Inc.’s holdings in Anadarko Petroleum Corporation were worth $321,000 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. Guardian Life Insurance Co. of America boosted its stake in Anadarko Petroleum Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,156 shares of the oil and gas development company’s stock valued at $134,000 after acquiring an additional 15 shares during the last quarter. FNY Partners Fund LP boosted its stake in Anadarko Petroleum Corporation by 2,900.0% in the second quarter. FNY Partners Fund LP now owns 3,000 shares of the oil and gas development company’s stock valued at $136,000 after acquiring an additional 2,900 shares during the last quarter. Sun Life Financial INC boosted its stake in Anadarko Petroleum Corporation by 1,363.4% in the second quarter. Sun Life Financial INC now owns 3,000 shares of the oil and gas development company’s stock valued at $136,000 after acquiring an additional 2,795 shares during the last quarter. YorkBridge Wealth Partners LLC boosted its stake in Anadarko Petroleum Corporation by 12.5% in the second quarter. YorkBridge Wealth Partners LLC now owns 3,606 shares of the oil and gas development company’s stock valued at $166,000 after acquiring an additional 402 shares during the last quarter. Finally, Fifth Third Bancorp boosted its stake in Anadarko Petroleum Corporation by 33.9% in the first quarter. Fifth Third Bancorp now owns 2,687 shares of the oil and gas development company’s stock valued at $167,000 after acquiring an additional 680 shares during the last quarter. 85.05% of the stock is currently owned by institutional investors and hedge funds.

Shares of Anadarko Petroleum Corporation (APC) traded down 1.57% on Thursday, hitting $47.63. 692,852 shares of the stock were exchanged. The stock’s market cap is $26.69 billion. The stock’s 50-day moving average is $45.16 and its 200-day moving average is $49.06. Anadarko Petroleum Corporation has a 1-year low of $39.96 and a 1-year high of $73.33.

Anadarko Petroleum Corporation (NYSE:APC) last announced its earnings results 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 business’s revenue for the quarter was up 41.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.60) EPS. Analysts forecast that Anadarko Petroleum Corporation will post ($2.12) earnings per share for the current year.

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

Anadarko Petroleum Corporation announced that its Board of Directors has approved a stock buyback plan on Wednesday, September 20th that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the oil and gas development company to buy up to 10% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

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A number of brokerages have issued reports on APC. BidaskClub raised shares of Anadarko Petroleum Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Barclays PLC cut shares of Anadarko Petroleum Corporation from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $52.00 to $42.00 in a research note on Wednesday, June 14th. Stifel Nicolaus set a $73.00 price objective on shares of Anadarko Petroleum Corporation and gave the company a “buy” rating in a research note on Thursday, October 5th. Atlantic Securities raised shares of Anadarko Petroleum Corporation from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $49.05 to $62.00 in a research note on Friday, October 6th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $57.00 price objective on shares of Anadarko Petroleum Corporation in a research note on Tuesday. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $68.75.

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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