Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its position in shares of Anadarko Petroleum Corporation (NYSE:APC) by 9.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 137,282 shares of the oil and gas development company’s stock after selling 13,944 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Anadarko Petroleum Corporation were worth $6,706,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of APC. Fis Group Inc. bought a new position in shares of Anadarko Petroleum Corporation during the 3rd quarter valued at approximately $107,000. FNY Partners Fund LP boosted its position in shares of Anadarko Petroleum Corporation by 2,900.0% during the 2nd 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 position in shares of Anadarko Petroleum Corporation by 1,363.4% during the 2nd 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 position in shares of Anadarko Petroleum Corporation by 12.5% during the 2nd 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, Trust Co. of Vermont boosted its position in shares of Anadarko Petroleum Corporation by 24.5% during the 2nd quarter. Trust Co. of Vermont now owns 4,117 shares of the oil and gas development company’s stock valued at $187,000 after acquiring an additional 811 shares during the last quarter. Hedge funds and other institutional investors own 87.41% of the company’s stock.

APC has been the subject of a number of research reports. Stifel Nicolaus reiterated a “buy” rating on shares of Anadarko Petroleum Corporation in a research report on Sunday, September 3rd. Jefferies Group LLC set a $62.00 target price on Anadarko Petroleum Corporation and gave the company a “buy” rating in a research report on Monday, August 28th. BMO Capital Markets reiterated a “hold” rating and set a $53.00 target price on shares of Anadarko Petroleum Corporation in a research report on Monday, September 4th. Barclays PLC increased their target price on Anadarko Petroleum Corporation from $35.00 to $37.00 and gave the company an “underweight” rating in a research report on Wednesday, October 11th. Finally, Citigroup Inc. lowered their target price on Anadarko Petroleum Corporation from $85.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $66.77.

Shares of Anadarko Petroleum Corporation (APC) traded up $0.22 during mid-day trading on Thursday, reaching $47.84. The company had a trading volume of 738,254 shares, compared to its average volume of 5,019,162. Anadarko Petroleum Corporation has a 12 month low of $39.96 and a 12 month high of $73.33. The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.03 and a current ratio of 2.03.

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 analysts’ consensus estimates of ($0.56) by ($0.21). Anadarko Petroleum Corporation had a negative net margin of 17.13% and a negative return on equity of 9.82%. 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 business earned ($0.89) EPS. Anadarko Petroleum Corporation’s revenue for the quarter was up 31.9% compared to the same quarter last year. equities analysts anticipate that Anadarko Petroleum Corporation will post -2.23 earnings per share for the current fiscal year.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 27th. Investors of record on Wednesday, December 13th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.42%. Anadarko Petroleum Corporation’s payout ratio is currently -5.65%.

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Anadarko Petroleum Corporation Profile

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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