IFP Advisors Inc increased its stake in shares of Anadarko Petroleum Corporation (NYSE:APC) by 4.5% during the second quarter, Holdings Channel reports. The firm owned 7,363 shares of the oil and gas development company’s stock after buying an additional 320 shares during the period. IFP Advisors Inc’s holdings in Anadarko Petroleum Corporation were worth $334,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Personal Capital Advisors Corp boosted its position in Anadarko Petroleum Corporation by 18.1% in the first quarter. Personal Capital Advisors Corp now owns 89,890 shares of the oil and gas development company’s stock valued at $5,614,000 after buying an additional 13,808 shares during the period. Mn Services Vermogensbeheer B.V. boosted its position in Anadarko Petroleum Corporation by 4.0% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 14,905 shares of the oil and gas development company’s stock valued at $864,000 after buying an additional 574 shares during the period. Candriam Luxembourg S.C.A. boosted its position in Anadarko Petroleum Corporation by 11.8% in the first quarter. Candriam Luxembourg S.C.A. now owns 117,275 shares of the oil and gas development company’s stock valued at $7,271,000 after buying an additional 12,381 shares during the period. Factory Mutual Insurance Co. boosted its position in Anadarko Petroleum Corporation by 1.4% in the first quarter. Factory Mutual Insurance Co. now owns 713,000 shares of the oil and gas development company’s stock valued at $44,206,000 after buying an additional 10,000 shares during the period. Finally, Stewart & Patten Co. LLC bought a new position in Anadarko Petroleum Corporation during the first quarter valued at about $361,000. Institutional investors and hedge funds own 84.40% of the company’s stock.

Anadarko Petroleum Corporation (NYSE APC) opened at 42.53 on Thursday. Anadarko Petroleum Corporation has a 52 week low of $42.36 and a 52 week high of $73.33. The stock’s 50 day moving average is $44.44 and its 200 day moving average is $54.79. The firm’s market cap is $23.83 billion.

Anadarko Petroleum Corporation (NYSE:APC) last released its quarterly earnings results on Monday, July 24th. The oil and gas development company reported ($0.77) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by $0.42. The company had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.50 billion. Anadarko Petroleum Corporation had a negative net margin of 19.31% and a negative return on equity of 9.71%. The firm’s quarterly revenue was up 41.8% compared to the same quarter last year. During the same quarter last year, the company earned ($0.60) EPS. Equities research analysts expect that Anadarko Petroleum Corporation will post ($2.10) EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 13th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date is Tuesday, September 12th. Anadarko Petroleum Corporation’s dividend payout ratio is presently -5.14%.

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Several research analysts have recently issued reports on the stock. Barclays PLC reiterated an “equal weight” rating and issued a $57.00 price objective (down from $59.00) on shares of Anadarko Petroleum Corporation in a report on Saturday, April 22nd. Royal Bank Of Canada set a $84.00 price objective on shares of Anadarko Petroleum Corporation and gave the company a “buy” rating in a report on Thursday, April 20th. Jefferies Group LLC reiterated a “buy” rating and issued a $62.00 price objective on shares of Anadarko Petroleum Corporation in a report on Friday, April 28th. Stifel Nicolaus reiterated a “buy” rating and issued a $77.00 price objective (up from $75.00) on shares of Anadarko Petroleum Corporation in a report on Wednesday, May 3rd. Finally, Morgan Stanley cut shares of Anadarko Petroleum Corporation from an “overweight” rating to an “equal weight” rating and set a $74.00 price objective for the company. in a report on Wednesday, May 3rd. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $69.73.

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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