Municipal Employees Retirement System of Michigan continued to hold its position in Anadarko Petroleum Corporation (NYSE:APC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,030 shares of the oil and gas development company’s stock at the end of the second quarter. Municipal Employees Retirement System of Michigan’s holdings in Anadarko Petroleum Corporation were worth $817,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in Anadarko Petroleum Corporation by 3,052.0% in the first quarter. BlackRock Inc. now owns 42,300,274 shares of the oil and gas development company’s stock worth $2,622,619,000 after buying an additional 40,958,268 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Anadarko Petroleum Corporation by 47.4% in the first quarter. JPMorgan Chase & Co. now owns 12,999,493 shares of the oil and gas development company’s stock worth $805,967,000 after buying an additional 4,182,975 shares during the last quarter. Renaissance Technologies LLC purchased a new position in Anadarko Petroleum Corporation during the first quarter worth about $116,982,000. UBS Asset Management Americas Inc. boosted its position in Anadarko Petroleum Corporation by 109.2% in the first quarter. UBS Asset Management Americas Inc. now owns 2,891,266 shares of the oil and gas development company’s stock worth $179,258,000 after buying an additional 1,509,047 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Anadarko Petroleum Corporation by 3.3% in the first quarter. Vanguard Group Inc. now owns 38,870,940 shares of the oil and gas development company’s stock worth $2,409,998,000 after buying an additional 1,227,182 shares during the last quarter. Hedge funds and other institutional investors own 84.40% of the company’s stock.

Anadarko Petroleum Corporation (NYSE APC) opened at 43.02 on Tuesday. The company’s 50-day moving average is $44.53 and its 200-day moving average is $55.08. Anadarko Petroleum Corporation has a 12 month low of $42.58 and a 12 month high of $73.33. The company’s market cap is $24.11 billion.

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

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 27th. Investors of record on Wednesday, September 13th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date is Tuesday, September 12th. Anadarko Petroleum Corporation’s dividend payout ratio (DPR) is presently -5.14%.

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Several equities analysts recently issued reports on the stock. Bank of America Corporation reiterated a “buy” rating on shares of Anadarko Petroleum Corporation in a research report on Thursday, May 11th. Citigroup Inc. assumed coverage on shares of Anadarko Petroleum Corporation in a research report on Thursday, June 29th. They set a “positive” rating and a $60.00 price target on the stock. They noted that the move was a valuation call. Morgan Stanley cut shares of Anadarko Petroleum Corporation from an “overweight” rating to an “equal weight” rating and set a $74.00 price target on the stock. in a research report on Wednesday, May 3rd. Stifel Nicolaus reiterated a “buy” rating and set a $79.00 price target on shares of Anadarko Petroleum Corporation in a research report on Friday, May 26th. Finally, Wells Fargo & Company cut shares of Anadarko Petroleum Corporation from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 3rd. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. Anadarko Petroleum Corporation currently has an average rating of “Buy” and an average price target of $69.73.

In related news, Director Anthony R. Chase bought 1,905 shares of the stock in a transaction that occurred on Thursday, May 18th. The stock was bought at an average cost of $52.48 per share, for a total transaction of $99,974.40. Following the purchase, the director now directly owns 23,636 shares of the company’s stock, valued at $1,240,417.28. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Peter J. Fluor bought 20,000 shares of the stock in a transaction that occurred on Wednesday, May 17th. The stock was bought at an average price of $51.83 per share, with a total value of $1,036,600.00. Following the completion of the purchase, the director now directly owns 146,750 shares in the company, valued at $7,606,052.50. The disclosure for this purchase can be found here. Insiders purchased a total of 41,205 shares of company stock valued at $2,136,700 over the last quarter. 0.45% of the stock is owned by company insiders.

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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