General American Investors Co. Inc. boosted its position in Anadarko Petroleum Corporation (NYSE:APC) by 53.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 173,000 shares of the oil and gas development company’s stock after buying an additional 60,000 shares during the period. General American Investors Co. Inc.’s holdings in Anadarko Petroleum Corporation were worth $7,844,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in APC. BlackRock Inc. increased its stake 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 valued at $2,622,619,000 after buying an additional 40,958,268 shares during the period. Vanguard Group Inc. increased its stake 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 valued at $2,409,998,000 after buying an additional 1,227,182 shares during the period. JPMorgan Chase & Co. increased its stake 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 valued at $805,967,000 after buying an additional 4,182,975 shares during the period. Bank of New York Mellon Corp increased its stake in Anadarko Petroleum Corporation by 1.8% in the first quarter. Bank of New York Mellon Corp now owns 7,210,248 shares of the oil and gas development company’s stock valued at $447,035,000 after buying an additional 128,487 shares during the period. Finally, Harris Associates L P increased its stake in Anadarko Petroleum Corporation by 1.2% in the first quarter. Harris Associates L P now owns 6,592,778 shares of the oil and gas development company’s stock valued at $408,752,000 after buying an additional 78,783 shares during the period. 84.56% of the stock is owned by institutional investors and hedge funds.

Anadarko Petroleum Corporation (APC) opened at 44.10 on Thursday. Anadarko Petroleum Corporation has a 1-year low of $42.58 and a 1-year high of $73.33. The stock’s market capitalization is $24.71 billion. The firm has a 50-day moving average of $44.69 and a 200-day moving average of $55.78.

Anadarko Petroleum Corporation (NYSE:APC) last announced 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 analysts’ consensus estimates of ($0.35) by $0.42. The company had revenue of $2.72 billion for 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 was up 41.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.60) EPS. Equities analysts expect that Anadarko Petroleum Corporation will post ($2.11) EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 13th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend is Tuesday, September 12th. Anadarko Petroleum Corporation’s payout ratio is presently -5.14%.

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Several equities research analysts have weighed in on APC shares. Royal Bank Of Canada set a $84.00 price target on shares of Anadarko Petroleum Corporation and gave the company a “buy” rating in a research note on Thursday, April 20th. Barclays PLC reaffirmed an “equal weight” rating and issued a $57.00 price target (down from $59.00) on shares of Anadarko Petroleum Corporation in a research note on Saturday, April 22nd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $62.00 price target on shares of Anadarko Petroleum Corporation in a research note on Friday, April 28th. Macquarie downgraded shares of Anadarko Petroleum Corporation from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $74.00 to $60.00 in a research note on Wednesday, May 3rd. Finally, Wells Fargo & Company downgraded shares of Anadarko Petroleum Corporation from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 3rd. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. Anadarko Petroleum Corporation presently has a consensus rating of “Buy” and an average target price of $69.81.

In related news, Director Anthony R. Chase purchased 1,905 shares of the company’s stock in a transaction dated Thursday, May 18th. The shares were purchased at an average price of $52.48 per share, with a total value of $99,974.40. Following the acquisition, the director now directly owns 23,636 shares in the company, valued at approximately $1,240,417.28. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman R A. Walker purchased 19,300 shares of the company’s stock in a transaction dated Wednesday, May 17th. The shares were bought at an average cost of $51.82 per share, for a total transaction of $1,000,126.00. Following the acquisition, the chairman now owns 176,718 shares in the company, valued at $9,157,526.76. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 41,205 shares of company stock worth $2,136,700. Insiders own 0.45% of the company’s stock.

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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