State of New Jersey Common Pension Fund D decreased its holdings in Anadarko Petroleum Corporation (NYSE:APC) by 14.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 312,800 shares of the oil and gas development company’s stock after selling 52,200 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.06% of Anadarko Petroleum Corporation worth $15,280,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Guardian Life Insurance Co. of America raised its stake in Anadarko Petroleum Corporation by 0.7% in the 1st 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 purchasing an additional 15 shares in the last quarter. Fis Group Inc. acquired a new stake in Anadarko Petroleum Corporation in the 3rd quarter worth about $107,000. Fifth Third Bancorp raised its stake in Anadarko Petroleum Corporation by 33.9% in the 1st quarter. Fifth Third Bancorp now owns 2,687 shares of the oil and gas development company’s stock worth $167,000 after purchasing an additional 680 shares in the last quarter. FNY Partners Fund LP raised its stake in Anadarko Petroleum Corporation by 2,900.0% in the 2nd quarter. FNY Partners Fund LP now owns 3,000 shares of the oil and gas development company’s stock worth $136,000 after purchasing an additional 2,900 shares in the last quarter. Finally, Sun Life Financial INC raised its stake in Anadarko Petroleum Corporation by 1,363.4% in the 2nd quarter. Sun Life Financial INC now owns 3,000 shares of the oil and gas development company’s stock worth $136,000 after purchasing an additional 2,795 shares in the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.

Several analysts have weighed in on APC shares. Stifel Nicolaus reiterated a “buy” rating on shares of Anadarko Petroleum Corporation in a research note on Sunday, September 3rd. Jefferies Group LLC set a $62.00 target price on shares of Anadarko Petroleum Corporation and gave the company a “buy” rating in a research report on Monday, August 28th. BMO Capital Markets restated a “hold” rating and issued a $53.00 target price on shares of Anadarko Petroleum Corporation in a research report on Monday, September 4th. Barclays PLC boosted their target price on shares of Anadarko Petroleum Corporation from $35.00 to $37.00 and gave the company an “underweight” rating in a research report on Wednesday, October 11th. Finally, Zacks Investment Research cut shares of Anadarko Petroleum Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $67.48.

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Shares of Anadarko Petroleum Corporation (NYSE APC) opened at 48.121 on Tuesday. Anadarko Petroleum Corporation has a 1-year low of $39.96 and a 1-year high of $73.33. The stock has a 50 day moving average of $47.47 and a 200-day moving average of $47.67. The company’s market capitalization is $26.96 billion.

Anadarko Petroleum Corporation declared that its Board of Directors has initiated a stock repurchase program on Wednesday, September 20th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the oil and gas development company to reacquire up to 10% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board 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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