New York State Teachers Retirement System Sells 11,700 Shares of Anadarko Petroleum Corporation (APC)

New York State Teachers Retirement System trimmed its holdings in shares of Anadarko Petroleum Corporation (NYSE:APC) by 1.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 847,709 shares of the oil and gas development company’s stock after selling 11,700 shares during the quarter. New York State Teachers Retirement System owned 0.15% of Anadarko Petroleum Corporation worth $41,411,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in APC. BlackRock Inc. raised its position in shares of Anadarko Petroleum Corporation by 3,052.0% during the 1st 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 in the last quarter. Dodge & Cox raised its position in shares of Anadarko Petroleum Corporation by 43.7% during the 2nd quarter. Dodge & Cox now owns 32,794,208 shares of the oil and gas development company’s stock valued at $1,486,889,000 after buying an additional 9,965,600 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Anadarko Petroleum Corporation by 106.6% during the 2nd quarter. Franklin Resources Inc. now owns 14,394,958 shares of the oil and gas development company’s stock valued at $652,661,000 after buying an additional 7,428,741 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Anadarko Petroleum Corporation by 5,465.5% during the 2nd quarter. Janus Henderson Group PLC now owns 4,182,014 shares of the oil and gas development company’s stock valued at $189,613,000 after buying an additional 4,106,872 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of Anadarko Petroleum Corporation during the 1st quarter valued at about $116,982,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.

A number of analysts recently weighed in on APC shares. Stifel Nicolaus reissued a “buy” rating on shares of Anadarko Petroleum Corporation in a research report on Sunday, September 3rd. Jefferies Group LLC set a $62.00 price objective on shares of Anadarko Petroleum Corporation and gave the stock a “buy” rating in a research report on Monday, August 28th. BMO Capital Markets reissued a “hold” rating and issued a $53.00 price objective on shares of Anadarko Petroleum Corporation in a research report on Monday, September 4th. Barclays PLC increased their price objective on shares of Anadarko Petroleum Corporation from $35.00 to $37.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 11th. Finally, Zacks Investment Research lowered shares of Anadarko Petroleum Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Three equities 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 issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $67.35.

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Anadarko Petroleum Corporation (NYSE:APC) last posted its quarterly earnings results on Tuesday, October 31st. The oil and gas development company reported ($0.77) EPS for the quarter, missing the consensus estimate of ($0.56) by ($0.21). Anadarko Petroleum Corporation had a negative return on equity of 9.82% and a negative net margin of 17.13%. The firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter last year, the firm earned ($0.89) EPS. The company’s revenue was up 31.9% on a year-over-year basis.

Anadarko Petroleum Corporation declared that its board has approved a stock repurchase program on Wednesday, September 20th that permits the company to buyback $2.50 billion in shares. This buyback authorization permits the oil and gas development company to reacquire up to 10% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

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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