Boston Partners Has $178.36 Million Position in Anadarko Petroleum Corporation (APC)

Boston Partners lifted its position in Anadarko Petroleum Corporation (NYSE:APC) by 311.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,651,098 shares of the oil and gas development company’s stock after buying an additional 2,762,834 shares during the quarter. Boston Partners owned about 0.65% of Anadarko Petroleum Corporation worth $178,356,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Klingenstein Fields & Co. LLC grew its stake in shares of Anadarko Petroleum Corporation by 0.8% in the second quarter. Klingenstein Fields & Co. LLC now owns 5,250 shares of the oil and gas development company’s stock valued at $238,000 after buying an additional 40 shares in the last quarter. Optimum Investment Advisors grew its stake in shares of Anadarko Petroleum Corporation by 0.9% in the second quarter. Optimum Investment Advisors now owns 11,541 shares of the oil and gas development company’s stock valued at $523,000 after buying an additional 100 shares in the last quarter. Bienville Capital Management LLC grew its stake in shares of Anadarko Petroleum Corporation by 2.0% in the second quarter. Bienville Capital Management LLC now owns 5,840 shares of the oil and gas development company’s stock valued at $265,000 after buying an additional 112 shares in the last quarter. Honkamp Krueger Financial Services Inc. grew its stake in shares of Anadarko Petroleum Corporation by 1.0% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 13,721 shares of the oil and gas development company’s stock valued at $622,000 after buying an additional 135 shares in the last quarter. Finally, Berkshire Asset Management LLC PA grew its stake in shares of Anadarko Petroleum Corporation by 1.9% in the second quarter. Berkshire Asset Management LLC PA now owns 7,884 shares of the oil and gas development company’s stock valued at $357,000 after buying an additional 144 shares in the last quarter. 87.74% of the stock is owned by institutional investors and hedge funds.

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A number of research firms have commented on APC. Stifel Nicolaus reaffirmed a “buy” rating on shares of Anadarko Petroleum Corporation in a research report on Sunday, September 3rd. Jefferies Group LLC set a $62.00 price objective on shares of Anadarko Petroleum Corporation and gave the stock a “buy” rating in a research report on Monday, August 28th. BMO Capital Markets reaffirmed a “hold” rating and set a $53.00 price objective on shares of Anadarko Petroleum Corporation in a research report on Monday, September 4th. Barclays PLC lifted their price objective on shares of Anadarko Petroleum Corporation from $35.00 to $37.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 11th. Finally, Citigroup Inc. reduced their price objective on shares of Anadarko Petroleum Corporation from $85.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. Anadarko Petroleum Corporation currently has a consensus rating of “Buy” and an average price target of $67.35.

Anadarko Petroleum Corporation (NYSE APC) opened at $51.40 on Friday. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 1.11. 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 issued its earnings results on Tuesday, October 31st. The oil and gas development company reported ($0.77) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.56) by ($0.21). The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.52 billion. Anadarko Petroleum Corporation had a negative return on equity of 9.82% and a negative net margin of 17.13%. The firm’s revenue was up 31.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.89) EPS. equities analysts predict that Anadarko Petroleum Corporation will post -2.24 earnings per share for the current fiscal year.

Anadarko Petroleum Corporation declared that its Board of Directors has approved a stock buyback program on Wednesday, September 20th that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the oil and gas development company to reacquire up to 10% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Anadarko Petroleum Corporation Company Profile

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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