Anadarko Petroleum Corporation (NYSE:APC) Shares Sold by Fiduciary Trust Co.

Fiduciary Trust Co. reduced its position in shares of Anadarko Petroleum Corporation (NYSE:APC) by 9.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,330 shares of the oil and gas development company’s stock after selling 1,659 shares during the period. Fiduciary Trust Co.’s holdings in Anadarko Petroleum Corporation were worth $740,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Artemis Investment Management LLP increased its stake in Anadarko Petroleum Corporation by 8.0% during the second quarter. Artemis Investment Management LLP now owns 36,565 shares of the oil and gas development company’s stock valued at $1,658,000 after purchasing an additional 2,698 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its stake in Anadarko Petroleum Corporation by 1.6% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,121,709 shares of the oil and gas development company’s stock valued at $50,858,000 after purchasing an additional 17,411 shares during the last quarter. Andra AP fonden increased its stake in Anadarko Petroleum Corporation by 13.7% during the second quarter. Andra AP fonden now owns 84,000 shares of the oil and gas development company’s stock valued at $3,809,000 after purchasing an additional 10,100 shares during the last quarter. Cipher Capital LP increased its stake in Anadarko Petroleum Corporation by 364.8% during the second quarter. Cipher Capital LP now owns 140,420 shares of the oil and gas development company’s stock valued at $6,367,000 after purchasing an additional 110,209 shares during the last quarter. Finally, Quantitative Investment Management LLC increased its stake in Anadarko Petroleum Corporation by 1,683.1% during the first quarter. Quantitative Investment Management LLC now owns 148,000 shares of the oil and gas development company’s stock valued at $9,176,000 after purchasing an additional 139,700 shares during the last quarter. 85.05% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Anadarko Petroleum Corporation (NYSE:APC) opened at 48.83 on Friday. The company’s market capitalization is $27.36 billion. The stock has a 50 day moving average price of $42.72 and a 200 day moving average price of $50.53. Anadarko Petroleum Corporation has a 52-week low of $39.96 and a 52-week high of $73.33.

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 (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.35) by ($0.42). Anadarko Petroleum Corporation had a negative return on equity of 9.71% and a negative net margin of 19.31%. The firm had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same period in the prior year, the business earned ($0.60) earnings per share. The business’s quarterly revenue was up 41.8% compared to the same quarter last year. On average, analysts predict that Anadarko Petroleum Corporation will post ($2.12) earnings per share for the current fiscal year.

Anadarko Petroleum Corporation announced that its board has initiated a share buyback program on Wednesday, September 20th that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the oil and gas development company to purchase up to 10% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Wednesday, September 13th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend is Tuesday, September 12th. Anadarko Petroleum Corporation’s dividend payout ratio is currently -5.14%.

APC has been the subject of several recent research reports. Jefferies Group LLC set a $62.00 price target on shares of Anadarko Petroleum Corporation and gave the company a “buy” rating in a report on Tuesday, June 6th. Stifel Nicolaus reissued a “buy” rating and issued a $79.00 price target on shares of Anadarko Petroleum Corporation in a report on Friday, May 26th. Royal Bank Of Canada set a $78.00 price objective on shares of Anadarko Petroleum Corporation and gave the company a “buy” rating in a research note on Saturday, June 17th. Scotiabank reaffirmed a “buy” rating and set a $66.00 price objective on shares of Anadarko Petroleum Corporation in a research note on Friday, June 30th. Finally, Cowen and Company set a $60.00 price objective on shares of Anadarko Petroleum Corporation and gave the company a “buy” rating in a research note on Wednesday, July 19th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $70.13.

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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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