Gofen & Glossberg LLC IL acquired a new position in shares of Anadarko Petroleum Corporation (NYSE:APC) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,427 shares of the oil and gas development company’s stock, valued at approximately $265,000.

Several other institutional investors and hedge funds have also modified their holdings of APC. Schwab Charles Investment Management Inc. increased its stake in shares of Anadarko Petroleum by 7.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,116,591 shares of the oil and gas development company’s stock worth $95,967,000 after purchasing an additional 141,126 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Anadarko Petroleum by 9.0% during the 2nd quarter. First Trust Advisors LP now owns 225,108 shares of the oil and gas development company’s stock worth $10,206,000 after purchasing an additional 18,612 shares in the last quarter. Advisors Asset Management Inc. increased its stake in shares of Anadarko Petroleum by 6.2% during the 2nd quarter. Advisors Asset Management Inc. now owns 37,070 shares of the oil and gas development company’s stock worth $1,681,000 after purchasing an additional 2,156 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Anadarko Petroleum by 0.6% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 210,524 shares of the oil and gas development company’s stock worth $9,545,000 after purchasing an additional 1,207 shares in the last quarter. Finally, Dupont Capital Management Corp purchased a new position in shares of Anadarko Petroleum during the 2nd quarter worth approximately $262,000. 87.91% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have recently weighed in on the stock. Morgan Stanley set a $55.00 price objective on shares of Anadarko Petroleum and gave the stock a “hold” rating in a research note on Wednesday, October 18th. Jefferies Group set a $62.00 target price on shares of Anadarko Petroleum and gave the stock a “buy” rating in a research note on Monday, August 28th. Royal Bank of Canada set a $62.00 target price on shares of Anadarko Petroleum and gave the stock a “buy” rating in a research note on Thursday, August 24th. Cowen set a $60.00 target price on shares of Anadarko Petroleum and gave the stock a “buy” rating in a research note on Monday, October 16th. Finally, Scotiabank reaffirmed a “buy” rating and issued a $62.00 target price on shares of Anadarko Petroleum in a research note on Wednesday, November 1st. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and nineteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $65.52.

Anadarko Petroleum Corporation (NYSE:APC) opened at $47.52 on Friday. Anadarko Petroleum Corporation has a 1-year low of $39.96 and a 1-year high of $72.32. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 1.11.

Anadarko Petroleum (NYSE:APC) last announced its quarterly earnings results on Tuesday, October 31st. The oil and gas development company reported ($0.77) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.56) by ($0.21). The company had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.52 billion. Anadarko Petroleum had a negative net margin of 17.13% and a negative return on equity of 9.82%. The firm’s revenue for the quarter was up 31.9% compared to the same quarter last year. During the same quarter last year, the business earned ($0.89) EPS. equities research analysts expect that Anadarko Petroleum Corporation will post -2.24 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 27th. Shareholders of record on Wednesday, December 13th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.42%. Anadarko Petroleum’s dividend payout ratio (DPR) is presently -5.63%.

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

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About Anadarko Petroleum

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.

Institutional Ownership by Quarter for Anadarko Petroleum (NYSE:APC)

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