State of Tennessee Treasury Department trimmed its position in shares of Anadarko Petroleum Corporation (NYSE:APC) by 62.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 152,470 shares of the energy producer’s stock after selling 257,068 shares during the period. State of Tennessee Treasury Department’s holdings in Anadarko Petroleum Corporation were worth $7,448,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Fis Group Inc. acquired a new stake in shares of Anadarko Petroleum Corporation during the 3rd quarter worth $107,000. FNY Partners Fund LP increased its holdings in shares of Anadarko Petroleum Corporation by 2,900.0% during the 2nd quarter. FNY Partners Fund LP now owns 3,000 shares of the energy producer’s stock worth $136,000 after buying an additional 2,900 shares during the last quarter. Sun Life Financial INC increased its holdings in shares of Anadarko Petroleum Corporation by 1,363.4% during the 2nd quarter. Sun Life Financial INC now owns 3,000 shares of the energy producer’s stock worth $136,000 after buying an additional 2,795 shares during the last quarter. YorkBridge Wealth Partners LLC increased its holdings in shares of Anadarko Petroleum Corporation by 12.5% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 3,606 shares of the energy producer’s stock worth $166,000 after buying an additional 402 shares during the last quarter. Finally, Pier 88 Investment Partners LLC increased its holdings in shares of Anadarko Petroleum Corporation by 537.1% during the 3rd quarter. Pier 88 Investment Partners LLC now owns 4,033 shares of the energy producer’s stock worth $197,000 after buying an additional 3,400 shares during the last quarter. Institutional investors and hedge funds own 87.41% of the company’s stock.

APC has been the subject of a number of research analyst reports. Royal Bank Of Canada restated a “buy” rating and set a $62.00 price objective on shares of Anadarko Petroleum Corporation in a report on Friday, September 29th. BMO Capital Markets reiterated a “hold” rating and issued a $53.00 price target on shares of Anadarko Petroleum Corporation in a report on Monday, September 4th. Wells Fargo & Company reiterated a “market perform” rating and issued a $48.00 price target (down from $55.00) on shares of Anadarko Petroleum Corporation in a report on Saturday, July 22nd. BidaskClub downgraded Anadarko Petroleum Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Finally, Scotiabank set a $64.00 price target on Anadarko Petroleum Corporation and gave the company a “buy” rating in a report on Friday, August 11th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. Anadarko Petroleum Corporation presently has an average rating of “Buy” and a consensus price target of C$66.77.

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Shares of Anadarko Petroleum Corporation (NYSE APC) opened at C$51.11 on Monday. Anadarko Petroleum Corporation has a 12 month low of C$39.96 and a 12 month high of C$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 Corporation (NYSE:APC) last announced its quarterly earnings results on Tuesday, October 31st. The energy producer reported C($0.77) EPS for the quarter, missing the consensus estimate of C($0.56) by C($0.21). Anadarko Petroleum Corporation had a negative net margin of 17.13% and a negative return on equity of 9.82%. The firm had revenue of C$2.50 billion during the quarter, compared to analyst estimates of C$2.52 billion. During the same quarter in the previous year, the business posted ($0.89) EPS. Anadarko Petroleum Corporation’s revenue for the quarter was up 31.9% compared to the same quarter last year. analysts forecast that Anadarko Petroleum Corporation will post -2.23 EPS for the current year.

Anadarko Petroleum Corporation declared that its board has approved a share buyback plan on Wednesday, September 20th that authorizes the company to buyback $2.50 billion in outstanding shares. This buyback authorization authorizes the energy producer to buy up to 10% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are 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.

Institutional Ownership by Quarter for Anadarko Petroleum Corporation (NYSE:APC)

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