Wright Investors Service Inc. Has $771,000 Stake in Anadarko Petroleum Corporation (APC)

Wright Investors Service Inc. lessened its position in Anadarko Petroleum Corporation (NYSE:APC) by 19.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,769 shares of the oil and gas development company’s stock after selling 3,896 shares during the quarter. Wright Investors Service Inc.’s holdings in Anadarko Petroleum Corporation were worth $771,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Artemis Investment Management LLP lifted its holdings in shares of Anadarko Petroleum Corporation by 8.0% in the 2nd quarter. Artemis Investment Management LLP now owns 36,565 shares of the oil and gas development company’s stock worth $1,658,000 after acquiring an additional 2,698 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Anadarko Petroleum Corporation by 1.6% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,121,709 shares of the oil and gas development company’s stock worth $50,858,000 after acquiring an additional 17,411 shares during the last quarter. Andra AP fonden lifted its holdings in shares of Anadarko Petroleum Corporation by 13.7% in the 2nd quarter. Andra AP fonden now owns 84,000 shares of the oil and gas development company’s stock worth $3,809,000 after acquiring an additional 10,100 shares during the last quarter. Cipher Capital LP lifted its holdings in shares of Anadarko Petroleum Corporation by 364.8% in the 2nd quarter. Cipher Capital LP now owns 140,420 shares of the oil and gas development company’s stock worth $6,367,000 after acquiring an additional 110,209 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI lifted its holdings in shares of Anadarko Petroleum Corporation by 30.2% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 424,746 shares of the oil and gas development company’s stock worth $19,258,000 after acquiring an additional 98,545 shares during the last quarter. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Shares of Anadarko Petroleum Corporation (NYSE APC) traded up 0.61% on Wednesday, hitting $49.67. 4,568,656 shares of the stock were exchanged. Anadarko Petroleum Corporation has a 52-week low of $39.96 and a 52-week high of $73.33. The stock’s market cap is $27.83 billion. The company’s 50 day moving average is $47.70 and its 200-day moving average is $47.68.

Anadarko Petroleum Corporation (NYSE:APC) last issued its earnings results on Tuesday, October 31st. The oil and gas development company reported ($0.77) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.56) by ($0.21). The firm had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.52 billion. Anadarko Petroleum Corporation had a negative net margin of 19.31% and a negative return on equity of 9.71%. The firm’s revenue was up 31.9% compared to the same quarter last year. During the same period last year, the business earned ($0.89) EPS. Analysts predict that Anadarko Petroleum Corporation will post ($2.04) EPS for the current fiscal year.

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

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Several equities research analysts have recently issued reports on APC shares. BMO Capital Markets raised their target price 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. Royal Bank Of Canada restated a “buy” rating and issued a $62.00 target price on shares of Anadarko Petroleum Corporation in a report on Friday, September 29th. Wells Fargo & Company restated a “market perform” rating and issued a $48.00 target price (down previously from $55.00) on shares of Anadarko Petroleum Corporation in a report on Saturday, July 22nd. BidaskClub upgraded shares of Anadarko Petroleum Corporation from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 4th. Finally, Scotiabank set a $64.00 target price on shares of Anadarko Petroleum Corporation and gave the stock a “buy” rating in a report on Friday, August 11th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $67.43.

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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