Northstar Wealth Partners LLC maintained its position in shares of Anadarko Petroleum Corporation (NYSE:APC) during the second quarter, Holdings Channel reports. The institutional investor owned 4,767 shares of the oil and gas development company’s stock at the end of the second quarter. Northstar Wealth Partners LLC’s holdings in Anadarko Petroleum Corporation were worth $207,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quantitative Investment Management LLC raised its position in shares of Anadarko Petroleum Corporation by 1,683.1% in the first quarter. Quantitative Investment Management LLC now owns 148,000 shares of the oil and gas development company’s stock worth $9,176,000 after buying an additional 139,700 shares during the period. Homrich & Berg raised its position in shares of Anadarko Petroleum Corporation by 46.2% in the first quarter. Homrich & Berg now owns 9,045 shares of the oil and gas development company’s stock worth $561,000 after buying an additional 2,857 shares during the period. Amalgamated Bank raised its position in shares of Anadarko Petroleum Corporation by 8.9% in the first quarter. Amalgamated Bank now owns 34,693 shares of the oil and gas development company’s stock worth $2,151,000 after buying an additional 2,829 shares during the period. Airain ltd raised its position in shares of Anadarko Petroleum Corporation by 135.9% in the first quarter. Airain ltd now owns 70,968 shares of the oil and gas development company’s stock worth $4,400,000 after buying an additional 40,878 shares during the period. Finally, Rafferty Asset Management LLC raised its position in shares of Anadarko Petroleum Corporation by 134.7% in the first quarter. Rafferty Asset Management LLC now owns 20,800 shares of the oil and gas development company’s stock worth $1,290,000 after buying an additional 11,937 shares during the period. Institutional investors own 84.56% of the company’s stock.

Shares of Anadarko Petroleum Corporation (NYSE:APC) opened at 44.89 on Monday. The stock’s 50 day moving average price is $45.16 and its 200 day moving average price is $56.70. Anadarko Petroleum Corporation has a one year low of $42.58 and a one year high of $73.33. The company’s market cap is $25.15 billion.

Anadarko Petroleum Corporation (NYSE:APC) last posted its quarterly earnings results on Monday, July 24th. The oil and gas development company reported ($0.77) EPS for the quarter, missing analysts’ consensus estimates of ($0.35) by $0.42. Anadarko Petroleum Corporation had a negative return on equity of 9.71% and a negative net margin of 19.31%. The business had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period last year, the firm posted ($0.60) EPS. Anadarko Petroleum Corporation’s quarterly revenue was up 41.8% on a year-over-year basis. Equities analysts predict that Anadarko Petroleum Corporation will post ($2.11) earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 13th will be issued a dividend of $0.05 per share. The ex-dividend date is Tuesday, September 12th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.45%. Anadarko Petroleum Corporation’s dividend payout ratio (DPR) is currently -5.14%.

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APC has been the subject of a number of research analyst reports. Citigroup Inc. cut their price target on Anadarko Petroleum Corporation from $85.00 to $60.00 and set a “buy” rating for the company in a report on Friday, July 21st. Stifel Nicolaus reiterated a “buy” rating and set a $81.00 price target (up from $77.00) on shares of Anadarko Petroleum Corporation in a report on Friday, May 12th. Royal Bank Of Canada set a $84.00 price target on Anadarko Petroleum Corporation and gave the stock a “buy” rating in a report on Thursday, April 20th. Jefferies Group LLC set a $62.00 price target on Anadarko Petroleum Corporation and gave the stock a “buy” rating in a report on Tuesday, June 6th. Finally, Barclays PLC lowered Anadarko Petroleum Corporation from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $52.00 to $42.00 in a report on Wednesday, June 14th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $69.81.

In other Anadarko Petroleum Corporation news, Director Anthony R. Chase purchased 1,905 shares of the stock in a transaction dated Thursday, May 18th. The stock was bought at an average price of $52.48 per share, with a total value of $99,974.40. Following the acquisition, the director now owns 23,636 shares of the company’s stock, valued at $1,240,417.28. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman R A. Walker purchased 19,300 shares of the stock in a transaction dated Wednesday, May 17th. The shares were acquired at an average cost of $51.82 per share, with a total value of $1,000,126.00. Following the acquisition, the chairman now directly owns 176,718 shares in the company, valued at approximately $9,157,526.76. The disclosure for this purchase can be found here. Insiders have bought a total of 41,205 shares of company stock valued at $2,136,700 in the last three months. 0.45% of the stock is owned by insiders.

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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