State Board of Administration of Florida Retirement System Has $50.25 Million Stake in Anadarko Petroleum Co. (APC)

State Board of Administration of Florida Retirement System decreased its holdings in shares of Anadarko Petroleum Co. (NYSE:APC) by 3.3% during the 3rd quarter, Holdings Channel reports. The firm owned 745,497 shares of the oil and gas development company’s stock after selling 25,237 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Anadarko Petroleum were worth $50,254,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Moody National Bank Trust Division increased its stake in shares of Anadarko Petroleum by 633.2% during the 3rd quarter. Moody National Bank Trust Division now owns 70,501 shares of the oil and gas development company’s stock worth $4,752,000 after purchasing an additional 60,885 shares during the last quarter. USA Financial Portformulas Corp increased its stake in shares of Anadarko Petroleum by 1,313.5% during the 3rd quarter. USA Financial Portformulas Corp now owns 54,138 shares of the oil and gas development company’s stock worth $3,966,000 after purchasing an additional 50,308 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of Anadarko Petroleum by 253.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 245,369 shares of the oil and gas development company’s stock worth $16,540,000 after purchasing an additional 175,885 shares during the last quarter. Mobius Capital Management LLC increased its stake in shares of Anadarko Petroleum by 69.8% during the 3rd quarter. Mobius Capital Management LLC now owns 151,983 shares of the oil and gas development company’s stock worth $10,245,000 after purchasing an additional 62,470 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Anadarko Petroleum during the 3rd quarter worth $876,000. Institutional investors own 85.95% of the company’s stock.

Shares of Anadarko Petroleum stock opened at $53.21 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.87 and a debt-to-equity ratio of 1.40. Anadarko Petroleum Co. has a fifty-two week low of $46.80 and a fifty-two week high of $76.70. The firm has a market capitalization of $26.83 billion, a price-to-earnings ratio of 25.83, a P/E/G ratio of 1.50 and a beta of 1.45.

Anadarko Petroleum (NYSE:APC) last issued 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 net margin of 11.49% and a return on equity of 8.90%. The company had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same period last year, the company earned ($0.77) earnings per share. Anadarko Petroleum’s revenue for the quarter was up 48.1% on a year-over-year basis. On average, equities research analysts expect 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 share repurchase plan on Monday, July 9th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the oil and gas development company to purchase up to 2.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

A number of research firms recently issued reports on APC. Zacks Investment Research upgraded shares of Anadarko Petroleum from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a research note on Monday, October 22nd. Seaport Global Securities reiterated a “buy” rating on shares of Anadarko Petroleum in a research note on Wednesday, July 25th. Mitsubishi UFJ Financial Group raised their target price on shares of Anadarko Petroleum to $92.00 and gave the company an “overweight” rating in a research note on Thursday, July 19th. ValuEngine lowered shares of Anadarko Petroleum from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Finally, Citigroup lowered their target price on shares of Anadarko Petroleum from $76.00 to $74.00 and set a “neutral” rating on the stock in a research note on Monday, August 13th. Five investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $81.75.

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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