Public Employees Retirement Association of Colorado Has $61.15 Million Holdings in Anadarko Petroleum Corporation (APC)

Public Employees Retirement Association of Colorado raised its stake in shares of Anadarko Petroleum Corporation (NYSE:APC) by 29.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,251,778 shares of the oil and gas development company’s stock after buying an additional 285,247 shares during the quarter. Public Employees Retirement Association of Colorado owned about 0.22% of Anadarko Petroleum Corporation worth $61,149,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Artemis Investment Management LLP grew its holdings in Anadarko Petroleum Corporation by 8.0% during the 2nd quarter. Artemis Investment Management LLP now owns 36,565 shares of the oil and gas development company’s stock valued at $1,658,000 after buying an additional 2,698 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Anadarko Petroleum Corporation by 1.6% during 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 purchasing an additional 17,411 shares during the period. Andra AP fonden lifted its stake in shares of Anadarko Petroleum Corporation by 13.7% during 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 purchasing an additional 10,100 shares during the period. Cipher Capital LP lifted its stake in shares of Anadarko Petroleum Corporation by 364.8% during 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 purchasing an additional 110,209 shares during the period. Finally, Commerzbank Aktiengesellschaft FI lifted its stake in shares of Anadarko Petroleum Corporation by 30.2% during 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 purchasing an additional 98,545 shares during the period. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Anadarko Petroleum Corporation (NYSE:APC) last announced its quarterly earnings data 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). Anadarko Petroleum Corporation had a negative net margin of 17.13% and a negative return on equity of 9.63%. The business had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the prior year, the company earned ($0.89) earnings per share. The company’s quarterly revenue was up 31.9% on a year-over-year basis.

Anadarko Petroleum Corporation declared that its Board of Directors has authorized a stock buyback plan on Wednesday, September 20th that allows the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization allows the oil and gas development company to purchase up to 10% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

A number of brokerages have weighed in on APC. Zacks Investment Research lowered Anadarko Petroleum Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Citigroup Inc. cut their target price on Anadarko Petroleum Corporation from $85.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, July 21st. Morgan Stanley set a $55.00 target price on Anadarko Petroleum Corporation and gave the stock a “hold” rating in a research report on Wednesday, October 18th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $78.00 target price (down from $80.00) on shares of Anadarko Petroleum Corporation in a research report on Tuesday, July 25th. Finally, Cowen and Company set a $60.00 target price on Anadarko Petroleum Corporation and gave the stock a “buy” rating in a research report on Wednesday, July 19th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $67.35.

COPYRIGHT VIOLATION WARNING: “Public Employees Retirement Association of Colorado Has $61.15 Million Holdings in Anadarko Petroleum Corporation (APC)” was first reported by Community Financial News and is owned by of Community Financial News. If you are accessing this article on another domain, it was stolen and reposted in violation of international copyright & trademark law. The legal version of this article can be accessed at https://www.com-unik.info/2017/11/02/public-employees-retirement-association-of-colorado-has-61-15-million-holdings-in-anadarko-petroleum-corporation-apc.html.

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.

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

What are top analysts saying about Anadarko Petroleum Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Anadarko Petroleum Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit