New Mexico Educational Retirement Board lowered its stake in shares of Anadarko Petroleum Corporation (NYSE:APC) by 8.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 52,088 shares of the oil and gas development company’s stock after selling 4,600 shares during the period. New Mexico Educational Retirement Board’s holdings in Anadarko Petroleum Corporation were worth $2,379,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. 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 currently owned by institutional investors and hedge funds.

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

Anadarko Petroleum Corporation (NYSE:APC) last released its earnings results on Monday, July 24th. The oil and gas development company reported ($0.77) earnings per share for the quarter, missing the Thomson Reuters’ 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 net margin of 19.31% and a negative return on equity of 9.71%. The business’s revenue for the quarter was up 41.8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.60) EPS. On average, analysts anticipate that Anadarko Petroleum Corporation will post ($2.11) earnings per share for the current fiscal year.

The business also recently announced 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. This represents a $0.20 annualized dividend and a dividend yield of 0.45%. The ex-dividend date is Tuesday, September 12th. Anadarko Petroleum Corporation’s dividend payout ratio is currently -5.14%.

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APC has been the topic of a number of recent analyst reports. BMO Capital Markets increased their price target on shares of Anadarko Petroleum Corporation from $50.00 to $53.00 and gave the stock a “market perform” rating in a report on Friday, July 14th. Morgan Stanley downgraded shares of Anadarko Petroleum Corporation from an “overweight” rating to an “equal weight” rating and set a $74.00 price target on the stock. in a report on Wednesday, May 3rd. Wells Fargo & Company reissued a “market perform” rating and issued a $48.00 price target (down from $55.00) on shares of Anadarko Petroleum Corporation in a report on Saturday, July 22nd. Scotiabank reissued a “buy” rating and issued a $66.00 price target on shares of Anadarko Petroleum Corporation in a report on Friday, June 30th. Finally, BidaskClub raised shares of Anadarko Petroleum Corporation from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 4th. Four equities research 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 issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $69.81.

In related news, Director Anthony R. Chase bought 1,905 shares of the business’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 transaction, the director now owns 23,636 shares in the company, valued at approximately $1,240,417.28. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman R A. Walker bought 19,300 shares of the business’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 transaction, the chairman now owns 176,718 shares in the company, valued at approximately $9,157,526.76. The disclosure for this purchase can be found here. In the last three months, insiders have bought 41,205 shares of company stock worth $2,136,700. Corporate 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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