Ashburton Jersey Ltd bought a new position in Anadarko Petroleum Corporation (NYSE:APC) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 40,400 shares of the oil and gas development company’s stock, valued at approximately $1,974,000. Anadarko Petroleum Corporation makes up 0.9% of Ashburton Jersey Ltd’s holdings, making the stock its 24th largest position.

Several other large investors have also recently bought and sold shares of APC. Klingenstein Fields & Co. LLC increased its stake in Anadarko Petroleum Corporation by 0.8% during the second quarter. Klingenstein Fields & Co. LLC now owns 5,250 shares of the oil and gas development company’s stock worth $238,000 after acquiring an additional 40 shares during the last quarter. Optimum Investment Advisors increased its stake in Anadarko Petroleum Corporation by 0.9% during the second quarter. Optimum Investment Advisors now owns 11,541 shares of the oil and gas development company’s stock worth $523,000 after acquiring an additional 100 shares during the last quarter. Bienville Capital Management LLC increased its stake in Anadarko Petroleum Corporation by 2.0% during the second quarter. Bienville Capital Management LLC now owns 5,840 shares of the oil and gas development company’s stock worth $265,000 after acquiring an additional 112 shares during the last quarter. Honkamp Krueger Financial Services Inc. increased its stake in Anadarko Petroleum Corporation by 1.0% during the second quarter. Honkamp Krueger Financial Services Inc. now owns 13,721 shares of the oil and gas development company’s stock worth $622,000 after acquiring an additional 135 shares during the last quarter. Finally, Berkshire Asset Management LLC PA increased its stake in Anadarko Petroleum Corporation by 1.9% during the second quarter. Berkshire Asset Management LLC PA now owns 7,884 shares of the oil and gas development company’s stock worth $357,000 after acquiring an additional 144 shares during the last quarter. Institutional investors own 88.68% of the company’s stock.

Several equities research analysts have weighed in on APC shares. Jefferies Group LLC set a $62.00 price objective on Anadarko Petroleum Corporation and gave the stock a “buy” rating in a research note on Monday, August 28th. Cowen Inc reissued a “buy” rating and set a $60.00 price objective on shares of Anadarko Petroleum Corporation in a research note on Sunday, September 17th. BMO Capital Markets reissued a “hold” rating and set a $53.00 price objective on shares of Anadarko Petroleum Corporation in a research note on Monday, September 4th. Atlantic Securities raised Anadarko Petroleum Corporation from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $49.05 to $62.00 in a research note on Friday, October 6th. Finally, Royal Bank Of Canada set a $62.00 price objective on Anadarko Petroleum Corporation and gave the stock a “buy” rating in a research note on Thursday, August 24th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. Anadarko Petroleum Corporation has an average rating of “Buy” and a consensus price target of $67.27.

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Anadarko Petroleum Corporation (APC) opened at $48.35 on Friday. Anadarko Petroleum Corporation has a 52 week low of $39.96 and a 52 week high of $73.33. The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.03 and a current ratio of 2.03.

Anadarko Petroleum Corporation (NYSE:APC) last released its earnings results on Tuesday, October 31st. The oil and gas development company reported ($0.77) EPS for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.21). The business had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.52 billion. Anadarko Petroleum Corporation had a negative net margin of 17.13% and a negative return on equity of 9.82%. The company’s quarterly revenue was up 31.9% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.89) EPS. equities analysts predict that Anadarko Petroleum Corporation will post -2.25 earnings per share for the current year.

Anadarko Petroleum Corporation declared that its Board of Directors has initiated a stock repurchase program on Wednesday, September 20th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the oil and gas development company to buy up to 10% of its shares through open market purchases. Shares repurchase programs are typically 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, December 27th. Investors of record on Wednesday, December 13th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, December 12th. This represents a $0.20 annualized dividend and a yield of 0.41%. Anadarko Petroleum Corporation’s dividend payout ratio (DPR) is currently -5.63%.

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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