Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its holdings in Anadarko Petroleum Co. (NYSE:APC) by 14.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 61,255 shares of the oil and gas development company’s stock after selling 10,737 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Anadarko Petroleum were worth $4,129,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of APC. Bank of New York Mellon Corp raised its holdings in Anadarko Petroleum by 46.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 7,941,486 shares of the oil and gas development company’s stock valued at $581,714,000 after acquiring an additional 2,536,173 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Anadarko Petroleum by 5.0% during the 2nd quarter. BlackRock Inc. now owns 42,439,494 shares of the oil and gas development company’s stock worth $3,108,695,000 after buying an additional 2,037,976 shares during the last quarter. FMR LLC increased its holdings in shares of Anadarko Petroleum by 9.2% during the 2nd quarter. FMR LLC now owns 23,949,562 shares of the oil and gas development company’s stock worth $1,754,305,000 after buying an additional 2,011,856 shares during the last quarter. Standard Life Aberdeen plc increased its holdings in shares of Anadarko Petroleum by 294.2% during the 2nd quarter. Standard Life Aberdeen plc now owns 1,824,553 shares of the oil and gas development company’s stock worth $133,659,000 after buying an additional 1,361,698 shares during the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of Anadarko Petroleum by 29.4% during the 2nd quarter. Janus Henderson Group PLC now owns 5,987,333 shares of the oil and gas development company’s stock worth $438,573,000 after buying an additional 1,360,899 shares during the last quarter. Institutional investors own 87.15% of the company’s stock.

Shares of Anadarko Petroleum stock opened at $56.38 on Monday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.87 and a quick ratio of 0.87. Anadarko Petroleum Co. has a twelve month low of $46.80 and a twelve month high of $76.70. The firm has a market cap of $28.43 billion, a P/E ratio of 27.37, a price-to-earnings-growth ratio of 1.67 and a beta of 1.45.

Anadarko Petroleum (NYSE:APC) last announced its quarterly earnings results on Tuesday, October 30th. The oil and gas development company reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.02). Anadarko Petroleum had a return on equity of 8.90% and a net margin of 11.49%. The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.47 billion. During the same period last year, the company posted ($0.77) earnings per share. The firm’s revenue for the quarter was up 48.1% on a year-over-year basis. As a group, sell-side analysts expect that Anadarko Petroleum Co. will post 2.88 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 26th. Investors of record on Wednesday, December 12th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.13%. This is a boost from Anadarko Petroleum’s previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, December 11th. Anadarko Petroleum’s dividend payout ratio is -51.02%.

A number of research firms have recently commented on APC. Seaport Global Securities restated a “buy” rating on shares of Anadarko Petroleum in a report on Wednesday, July 25th. Stifel Nicolaus dropped their price objective on Anadarko Petroleum from $85.00 to $84.00 and set a “buy” rating for the company in a report on Wednesday, August 1st. Zacks Investment Research downgraded Anadarko Petroleum from a “buy” rating to a “hold” rating in a report on Wednesday, July 25th. Mizuho began coverage on Anadarko Petroleum in a report on Monday, July 23rd. They set a “buy” rating and a $102.00 price objective for the company. Finally, ValuEngine downgraded Anadarko Petroleum from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Five research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $81.50.

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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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