Anadarko Petroleum Corporation (APC) Position Lessened by Virginia Retirement Systems ET AL

Virginia Retirement Systems ET AL decreased its position in shares of Anadarko Petroleum Corporation (NYSE:APC) by 29.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 12,359 shares of the oil and gas development company’s stock after selling 5,213 shares during the period. Virginia Retirement Systems ET AL’s holdings in Anadarko Petroleum were worth $604,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. BlackRock Inc. lifted its stake in shares of Anadarko Petroleum by 8.2% during the second quarter. BlackRock Inc. now owns 45,766,435 shares of the oil and gas development company’s stock valued at $2,075,051,000 after buying an additional 3,466,161 shares during the period. Vanguard Group Inc. lifted its stake in shares of Anadarko Petroleum by 2.6% during the second quarter. Vanguard Group Inc. now owns 39,870,873 shares of the oil and gas development company’s stock valued at $1,807,745,000 after buying an additional 999,933 shares during the period. Dodge & Cox lifted its stake in shares of Anadarko Petroleum by 43.7% during the second 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 during the period. State Street Corp lifted its stake in shares of Anadarko Petroleum by 0.8% during the second quarter. State Street Corp now owns 28,641,263 shares of the oil and gas development company’s stock valued at $1,298,599,000 after buying an additional 218,628 shares during the period. Finally, Franklin Resources Inc. lifted its stake in shares of Anadarko Petroleum by 106.6% during the second 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 during the period. 87.91% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have weighed in on APC. BidaskClub downgraded shares of Anadarko Petroleum from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 17th. Stifel Nicolaus reaffirmed a “buy” rating and set a $77.00 price target (up previously from $76.00) on shares of Anadarko Petroleum in a research note on Monday, September 25th. Scotiabank set a $62.00 price target on shares of Anadarko Petroleum and gave the stock a “buy” rating in a research note on Saturday, November 25th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $62.00 price target on shares of Anadarko Petroleum in a research note on Friday, September 29th. Finally, Cowen set a $60.00 price target on shares of Anadarko Petroleum and gave the stock a “buy” rating in a research note on Monday, October 16th. Three analysts have rated the stock with a sell rating, five have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. Anadarko Petroleum presently has a consensus rating of “Buy” and a consensus target price of $67.18.

Shares of Anadarko Petroleum Corporation (NYSE APC) opened at $47.92 on Monday. Anadarko Petroleum Corporation has a 52-week low of $39.96 and a 52-week high of $73.33. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 1.11.

Anadarko Petroleum (NYSE:APC) last released its quarterly earnings data on Tuesday, October 31st. The oil and gas development company reported ($0.77) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.56) by ($0.21). Anadarko Petroleum had a negative return on equity of 9.82% and a negative net margin of 17.13%. The business had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period in the previous year, the company earned ($0.89) EPS. Anadarko Petroleum’s revenue was up 31.9% on a year-over-year basis. analysts forecast that Anadarko Petroleum Corporation will post -2.24 EPS for the current fiscal year.

Anadarko Petroleum announced that its board has initiated a stock repurchase program on Wednesday, September 20th that allows the company to repurchase $2.50 billion in shares. This repurchase authorization allows the oil and gas development company to reacquire up to 10% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 27th. Stockholders of record on Wednesday, December 13th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.42%. The ex-dividend date is Tuesday, December 12th. Anadarko Petroleum’s payout ratio is currently -5.63%.

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Anadarko Petroleum Company 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 (NYSE:APC)

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