Anadarko Petroleum Corporation (APC) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D cut its stake in shares of Anadarko Petroleum Corporation (NYSE:APC) by 9.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 365,000 shares of the oil and gas development company’s stock after selling 40,000 shares during the period. State of New Jersey Common Pension Fund D owned 0.07% of Anadarko Petroleum Corporation worth $16,549,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Clean Yield Group purchased a new position in shares of Anadarko Petroleum Corporation during the first quarter worth about $105,000. Assetmark Inc. increased its position in shares of Anadarko Petroleum Corporation by 10.7% in the first quarter. Assetmark Inc. now owns 1,815 shares of the oil and gas development company’s stock worth $113,000 after buying an additional 176 shares in the last quarter. Winch Advisory Services LLC increased its position in shares of Anadarko Petroleum Corporation by 501.9% in the first quarter. Winch Advisory Services LLC now owns 2,167 shares of the oil and gas development company’s stock worth $126,000 after buying an additional 1,807 shares in the last quarter. Guardian Life Insurance Co. of America increased its position in shares of Anadarko Petroleum Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,156 shares of the oil and gas development company’s stock worth $134,000 after buying an additional 15 shares in the last quarter. Finally, Financial Architects Inc increased its position in shares of Anadarko Petroleum Corporation by 31.6% in the first quarter. Financial Architects Inc now owns 2,290 shares of the oil and gas development company’s stock worth $142,000 after buying an additional 550 shares in the last quarter. 84.40% of the stock is owned by institutional investors and hedge funds.

Anadarko Petroleum Corporation (APC) traded up 1.08% on Friday, reaching $42.17. 5,240,568 shares of the company’s stock were exchanged. Anadarko Petroleum Corporation has a 1-year low of $41.22 and a 1-year high of $73.33. The firm’s 50 day moving average is $44.29 and its 200 day moving average is $54.51. The stock’s market capitalization is $23.63 billion.

Anadarko Petroleum Corporation (NYSE:APC) last released its earnings results 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. The firm had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.50 billion. Anadarko Petroleum Corporation had a negative return on equity of 9.71% and a negative net margin of 19.31%. The company’s revenue was up 41.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.60) EPS. Analysts expect that Anadarko Petroleum Corporation will post ($2.12) EPS for the current year.

The business 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 0.47%. Anadarko Petroleum Corporation’s dividend payout ratio is presently -5.14%.

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APC has been the subject of a number of recent research reports. Stifel Nicolaus reiterated a “buy” rating and issued a $80.00 price target (down previously from $81.00) on shares of Anadarko Petroleum Corporation in a research note on Friday, May 19th. Scotiabank set a $76.00 price target on shares of Anadarko Petroleum Corporation and gave the stock a “buy” rating in a research note on Tuesday, May 16th. UBS AG reiterated a “buy” rating and issued a $80.00 price target on shares of Anadarko Petroleum Corporation in a research note on Monday, May 15th. Bank of America Corporation restated a “buy” rating on shares of Anadarko Petroleum Corporation in a research report on Thursday, May 11th. Finally, KLR Group boosted their price objective on shares of Anadarko Petroleum Corporation from $82.00 to $86.00 and gave the stock a “buy” rating in a research report on Thursday, May 4th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $69.73.

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.

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

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