Cipher Capital LP boosted its stake in shares of Anadarko Petroleum Corporation (NYSE:APC) by 364.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 140,420 shares of the oil and gas development company’s stock after buying an additional 110,209 shares during the period. Cipher Capital LP’s holdings in Anadarko Petroleum Corporation were worth $6,367,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Callahan Advisors LLC boosted its stake in Anadarko Petroleum Corporation by 19.4% in the first quarter. Callahan Advisors LLC now owns 24,393 shares of the oil and gas development company’s stock valued at $1,512,000 after buying an additional 3,960 shares during the period. Welch & Forbes LLC boosted its stake in Anadarko Petroleum Corporation by 10.9% in the first quarter. Welch & Forbes LLC now owns 75,983 shares of the oil and gas development company’s stock valued at $4,711,000 after buying an additional 7,449 shares during the period. Reynders McVeigh Capital Management LLC purchased a new stake in Anadarko Petroleum Corporation during the first quarter valued at approximately $228,000. Dowling & Yahnke LLC boosted its stake in Anadarko Petroleum Corporation by 7.7% in the first quarter. Dowling & Yahnke LLC now owns 32,221 shares of the oil and gas development company’s stock valued at $1,998,000 after buying an additional 2,316 shares during the period. Finally, Bourgeon Capital Management LLC boosted its stake in Anadarko Petroleum Corporation by 34.2% in the first quarter. Bourgeon Capital Management LLC now owns 9,025 shares of the oil and gas development company’s stock valued at $560,000 after buying an additional 2,300 shares during the period. 85.07% of the stock is owned by institutional investors.

Shares of Anadarko Petroleum Corporation (NYSE:APC) opened at 40.585 on Friday. The stock has a 50 day moving average price of $43.66 and a 200-day moving average price of $52.78. Anadarko Petroleum Corporation has a one year low of $40.41 and a one year high of $73.33. The company’s market capitalization is $22.74 billion.

Anadarko Petroleum Corporation (NYSE:APC) last released its quarterly earnings data on Monday, July 24th. The oil and gas development company reported ($0.77) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.35) by $0.42. The company had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.50 billion. Anadarko Petroleum Corporation had a negative return on equity of 9.71% and a negative net margin of 19.31%. Anadarko Petroleum Corporation’s revenue for the quarter was up 41.8% compared to the same quarter last year. During the same period last year, the company earned ($0.60) EPS. On average, equities research analysts expect that Anadarko Petroleum Corporation will post ($2.13) EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 13th will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, September 12th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.49%. Anadarko Petroleum Corporation’s dividend payout ratio (DPR) is presently -5.14%.

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Several equities research analysts have recently commented on APC shares. KLR Group lifted their target price on Anadarko Petroleum Corporation from $82.00 to $86.00 and gave the company a “buy” rating in a research note on Thursday, May 4th. Bank of America Corporation reissued a “buy” rating on shares of Anadarko Petroleum Corporation in a research note on Thursday, May 11th. Stifel Nicolaus reissued a “buy” rating and issued a $81.00 target price (up from $77.00) on shares of Anadarko Petroleum Corporation in a research note on Friday, May 12th. UBS AG reissued a “buy” rating and issued a $80.00 target price on shares of Anadarko Petroleum Corporation in a research note on Monday, May 15th. Finally, Scotiabank set a $76.00 target price on Anadarko Petroleum Corporation and gave the company a “buy” rating in a research note on Tuesday, May 16th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price 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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