IBM Retirement Fund lessened its holdings in shares of Anadarko Petroleum Co. (NYSE:APC) by 18.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,880 shares of the oil and gas development company’s stock after selling 2,186 shares during the quarter. IBM Retirement Fund’s holdings in Anadarko Petroleum were worth $724,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in APC. Global X Management Co. LLC boosted its holdings in Anadarko Petroleum by 51.7% during the 1st quarter. Global X Management Co. LLC now owns 4,989 shares of the oil and gas development company’s stock worth $301,000 after acquiring an additional 1,701 shares during the last quarter. Dupont Capital Management Corp boosted its holdings in shares of Anadarko Petroleum by 20.2% in the 1st quarter. Dupont Capital Management Corp now owns 5,593 shares of the oil and gas development company’s stock worth $338,000 after buying an additional 939 shares during the last quarter. Mackay Shields LLC purchased a new position in shares of Anadarko Petroleum in the 1st quarter worth about $7,348,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Anadarko Petroleum by 6.9% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 140,072 shares of the oil and gas development company’s stock worth $8,462,000 after buying an additional 9,081 shares during the last quarter. Finally, M&T Bank Corp boosted its holdings in shares of Anadarko Petroleum by 6.4% in the 1st quarter. M&T Bank Corp now owns 72,177 shares of the oil and gas development company’s stock worth $4,359,000 after buying an additional 4,321 shares during the last quarter. Institutional investors and hedge funds own 86.28% of the company’s stock.

A number of equities analysts recently weighed in on APC shares. Bank of America set a $100.00 price target on shares of Anadarko Petroleum and gave the stock a “buy” rating in a report on Tuesday, July 31st. Zacks Investment Research downgraded shares of Anadarko Petroleum from a “buy” rating to a “hold” rating in a report on Wednesday, July 25th. Morgan Stanley started coverage on shares of Anadarko Petroleum in a report on Thursday, July 12th. They issued an “equal weight” rating and a $86.00 price target on the stock. ValuEngine raised shares of Anadarko Petroleum from a “hold” rating to a “buy” rating in a report on Friday, June 22nd. Finally, Jefferies Financial Group set a $88.00 price target on shares of Anadarko Petroleum and gave the stock a “buy” rating in a report on Tuesday, August 7th. Six equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $79.60.

NYSE APC opened at $63.68 on Friday. The stock has a market cap of $32.97 billion, a price-to-earnings ratio of -32.49, a price-to-earnings-growth ratio of 2.20 and a beta of 1.27. Anadarko Petroleum Co. has a 52 week low of $40.54 and a 52 week high of $76.70. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.34.

Anadarko Petroleum (NYSE:APC) last released its quarterly earnings data on Tuesday, July 31st. The oil and gas development company reported $0.54 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.06). The business had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.08 billion. Anadarko Petroleum had a net margin of 3.63% and a return on equity of 1.85%. Anadarko Petroleum’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period last year, the company earned ($0.75) earnings per share. analysts anticipate that Anadarko Petroleum Co. will post 2.93 earnings per share for the current fiscal year.

Anadarko Petroleum announced that its Board of Directors has authorized a stock buyback plan on Monday, July 9th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the oil and gas development company to purchase up to 2.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 26th. Shareholders of record on Wednesday, September 12th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.57%. The ex-dividend date is Tuesday, September 11th. Anadarko Petroleum’s dividend payout ratio (DPR) is presently -51.02%.

About Anadarko Petroleum

Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of oil and gas properties. It operates through three segments: Exploration and Production, WES Midstream, and Other Midstream. The company explores for and produces oil, natural gas, and natural gas liquids (NGLs).

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

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