Anadarko Petroleum Corporation (APC) Shares Bought by APG Asset Management N.V.

APG Asset Management N.V. grew its position in Anadarko Petroleum Corporation (NYSE:APC) by 635.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 802,196 shares of the oil and gas development company’s stock after buying an additional 693,138 shares during the quarter. APG Asset Management N.V. owned 0.14% of Anadarko Petroleum Corporation worth $39,187,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in APC. Cypress Asset Management Inc. TX increased its position in shares of Anadarko Petroleum Corporation by 2.5% in the first quarter. Cypress Asset Management Inc. TX now owns 34,909 shares of the oil and gas development company’s stock valued at $2,164,000 after buying an additional 857 shares in the last quarter. Ngam Advisors L.P. increased its position in shares of Anadarko Petroleum Corporation by 4.1% in the first quarter. Ngam Advisors L.P. now owns 234,803 shares of the oil and gas development company’s stock valued at $14,558,000 after buying an additional 9,342 shares in the last quarter. Teacher Retirement System of Texas increased its position in shares of Anadarko Petroleum Corporation by 55.9% in the first quarter. Teacher Retirement System of Texas now owns 725,328 shares of the oil and gas development company’s stock valued at $44,970,000 after buying an additional 259,929 shares in the last quarter. Pictet & Cie Europe SA increased its position in shares of Anadarko Petroleum Corporation by 111.4% in the first quarter. Pictet & Cie Europe SA now owns 79,496 shares of the oil and gas development company’s stock valued at $4,929,000 after buying an additional 41,886 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in shares of Anadarko Petroleum Corporation by 33.9% in the first quarter. Fifth Third Bancorp now owns 2,687 shares of the oil and gas development company’s stock valued at $167,000 after buying an additional 680 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

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Anadarko Petroleum Corporation (NYSE:APC) opened at 48.81 on Friday. Anadarko Petroleum Corporation has a 52-week low of $39.96 and a 52-week high of $73.33. The company’s 50-day moving average price is $47.26 and its 200 day moving average price is $47.97. The firm’s market capitalization is $27.35 billion.

Anadarko Petroleum Corporation declared that its Board of Directors has approved a share buyback 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 often an indication that the company’s board believes its stock is undervalued.

A number of brokerages have recently weighed in on APC. Atlantic Securities upgraded Anadarko Petroleum Corporation from a “neutral” rating to an “overweight” rating and raised their price target for the company from $49.05 to $62.00 in a research report on Friday, October 6th. Stifel Nicolaus set a $73.00 price objective on Anadarko Petroleum Corporation and gave the stock a “buy” rating in a research report on Thursday, October 5th. Morgan Stanley set a $55.00 price objective on Anadarko Petroleum Corporation and gave the stock a “hold” rating in a research report on Wednesday, October 18th. Jefferies Group LLC reiterated a “buy” rating and set a $57.00 price objective on shares of Anadarko Petroleum Corporation in a research report on Tuesday, October 10th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $62.00 price objective on shares of Anadarko Petroleum Corporation in a research report on Friday, September 29th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Anadarko Petroleum Corporation has an average rating of “Buy” and a consensus target price of $67.48.

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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