BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Anadarko Petroleum Corporation (NYSE:APC) by 0.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 210,524 shares of the oil and gas development company’s stock after buying an additional 1,207 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Anadarko Petroleum Corporation were worth $9,545,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Clean Yield Group acquired a new position in Anadarko Petroleum Corporation during the first quarter valued at approximately $105,000. Assetmark Inc. raised its position in Anadarko Petroleum Corporation by 10.7% in the first quarter. Assetmark Inc. now owns 1,815 shares of the oil and gas development company’s stock valued at $113,000 after buying an additional 176 shares during the last quarter. Guardian Life Insurance Co. of America raised its position 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 buying an additional 15 shares during the last quarter. Winch Advisory Services LLC raised its position in Anadarko Petroleum Corporation by 501.9% in the first quarter. Winch Advisory Services LLC now owns 2,167 shares of the oil and gas development company’s stock valued at $126,000 after buying an additional 1,807 shares during the last quarter. Finally, Financial Architects Inc raised its position in Anadarko Petroleum Corporation by 31.6% in the first quarter. Financial Architects Inc now owns 2,290 shares of the oil and gas development company’s stock valued at $142,000 after buying an additional 550 shares during the last quarter. 84.40% of the stock is owned by institutional investors and hedge funds.

Anadarko Petroleum Corporation (APC) opened at 41.72 on Friday. Anadarko Petroleum Corporation has a one year low of $41.64 and a one year high of $73.33. The stock has a 50 day moving average of $44.38 and a 200-day moving average of $54.70. The firm’s market capitalization is $23.38 billion.

Anadarko Petroleum Corporation (NYSE:APC) last posted its quarterly earnings results on Monday, July 24th. The oil and gas development company reported ($0.77) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by $0.42. The firm had revenue of $2.72 billion for the quarter, compared to analyst estimates 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 was up 41.8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.60) earnings per share. On average, equities analysts predict that Anadarko Petroleum Corporation will post ($2.09) EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 27th. Investors of record on Wednesday, September 13th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.48%. The ex-dividend date is Tuesday, September 12th. Anadarko Petroleum Corporation’s dividend payout ratio is currently -5.14%.

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Several research analysts have recently commented on the stock. UBS AG reissued a “buy” rating and issued a $80.00 price objective on shares of Anadarko Petroleum Corporation in a research note on Monday, May 15th. BidaskClub lowered shares of Anadarko Petroleum Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday. Royal Bank Of Canada set a $78.00 price objective on shares of Anadarko Petroleum Corporation and gave the company a “buy” rating in a research note on Saturday, June 17th. Scotiabank set a $64.00 price objective on shares of Anadarko Petroleum Corporation and gave the company a “buy” rating in a research note on Friday, August 11th. Finally, Mitsubishi UFJ Financial Group raised 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 note on Thursday, July 27th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $69.73.

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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