Tiaa Fsb purchased a new stake in Anadarko Petroleum Corporation (NYSE:APC) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 23,183 shares of the oil and gas development company’s stock, valued at approximately $1,051,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Artemis Investment Management LLP lifted its stake in shares of Anadarko Petroleum Corporation by 8.0% in 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 purchasing an additional 2,698 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Anadarko Petroleum Corporation by 1.6% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,121,709 shares of the oil and gas development company’s stock valued at $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% in the 2nd quarter. Andra AP fonden now owns 84,000 shares of the oil and gas development company’s stock valued at $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% in the 2nd quarter. Cipher Capital LP now owns 140,420 shares of the oil and gas development company’s stock valued at $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% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 424,746 shares of the oil and gas development company’s stock valued at $19,258,000 after purchasing an additional 98,545 shares during the period. Hedge funds and other institutional investors own 85.05% of the company’s stock.

A number of brokerages have recently issued reports on APC. Royal Bank Of Canada set a $78.00 price objective on Anadarko Petroleum Corporation and gave the company a “buy” rating in a research note on Saturday, June 17th. Mitsubishi UFJ Financial Group raised Anadarko Petroleum Corporation from a “neutral” rating to a “buy” rating and set a $66.00 price objective on the stock in a research note on Thursday, July 27th. BidaskClub downgraded Anadarko Petroleum Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 17th. Susquehanna Bancshares Inc began coverage on Anadarko Petroleum Corporation in a research note on Thursday, June 29th. They issued a “positive” rating and a $60.00 price objective on the stock. Finally, Citigroup Inc. began coverage on Anadarko Petroleum Corporation in a research note on Thursday, June 29th. They issued a “positive” rating and a $60.00 price objective on the stock. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $70.13.

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Anadarko Petroleum Corporation (NYSE APC) opened at 48.83 on Friday. Anadarko Petroleum Corporation has a 12-month low of $39.96 and a 12-month high of $73.33. The stock has a 50 day moving average price of $42.72 and a 200 day moving average price of $50.53. The company’s market capitalization is $27.36 billion.

Anadarko Petroleum Corporation (NYSE:APC) last announced its quarterly earnings data on Monday, July 24th. The oil and gas development company reported ($0.77) earnings per share 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 firm had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter in the previous year, the firm earned ($0.60) earnings per share. Anadarko Petroleum Corporation’s revenue was up 41.8% on a year-over-year basis. On average, analysts expect that Anadarko Petroleum Corporation will post ($2.12) EPS for the current year.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Investors of record on Wednesday, September 13th will be issued a $0.05 dividend. The ex-dividend date is Tuesday, September 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.41%. Anadarko Petroleum Corporation’s payout ratio is currently -5.14%.

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)

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