Anadarko Petroleum Corporation (NYSE:APC) had its price objective boosted by BMO Capital Markets from $50.00 to $53.00 in a research note issued to investors on Friday. BMO Capital Markets currently has a market perform rating on the oil and gas development company’s stock.
Several other analysts have also issued reports on the company. Zacks Investment Research lowered Anadarko Petroleum Corporation from a hold rating to a sell rating in a research note on Tuesday, July 11th. Sanford C. Bernstein reaffirmed an outperform rating on shares of Anadarko Petroleum Corporation in a research note on Friday, July 7th. BidaskClub raised Anadarko Petroleum Corporation from a strong sell rating to a sell rating in a research note on Tuesday, July 4th. Scotiabank reaffirmed a buy rating and issued a $66.00 target price on shares of Anadarko Petroleum Corporation in a research note on Friday, June 30th. Finally, Susquehanna Bancshares Inc initiated coverage on Anadarko Petroleum Corporation in a research note on Thursday, June 29th. They set a positive rating and a $60.00 price objective for the company. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $74.41.
Anadarko Petroleum Corporation (NYSE:APC) traded down 3.21% during midday trading on Friday, reaching $43.77. 5,059,807 shares of the company traded hands. The stock’s 50 day moving average is $49.05 and its 200 day moving average is $60.97. The company’s market capitalization is $24.53 billion. Anadarko Petroleum Corporation has a one year low of $42.58 and a one year high of $73.33.
Anadarko Petroleum Corporation (NYSE:APC) last issued its earnings results on Tuesday, May 2nd. The oil and gas development company reported ($0.60) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.26) by $0.34. The firm had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $2.64 billion. Anadarko Petroleum Corporation had a negative return on equity of 8.94% and a negative net margin of 23.64%. On average, equities analysts anticipate that Anadarko Petroleum Corporation will post ($1.10) earnings per share for the current year.
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The business also recently announced a quarterly dividend, which was paid on Wednesday, June 28th. Stockholders of record on Wednesday, June 14th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.46%. The ex-dividend date was Monday, June 12th. Anadarko Petroleum Corporation’s dividend payout ratio is currently -4.45%.
In other Anadarko Petroleum Corporation news, Director Anthony R. Chase acquired 1,905 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The stock was bought at an average price of $52.48 per share, for a total transaction of $99,974.40. Following the acquisition, the director now directly owns 23,636 shares in the company, valued at $1,240,417.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman R A. Walker acquired 19,300 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The shares were acquired at an average price of $51.82 per share, with a total value of $1,000,126.00. Following the acquisition, the chairman now owns 176,718 shares in the company, valued at $9,157,526.76. The disclosure for this purchase can be found here. In the last three months, insiders have bought 41,205 shares of company stock worth $2,136,700. Corporate insiders own 0.45% of the company’s stock.
A number of institutional investors have recently bought and sold shares of APC. BlackRock Inc. boosted its stake in shares of Anadarko Petroleum Corporation by 3,052.0% in the first quarter. BlackRock Inc. now owns 42,300,274 shares of the oil and gas development company’s stock valued at $2,622,619,000 after buying an additional 40,958,268 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Anadarko Petroleum Corporation by 3.3% in the first quarter. Vanguard Group Inc. now owns 38,870,940 shares of the oil and gas development company’s stock valued at $2,409,998,000 after buying an additional 1,227,182 shares in the last quarter. Dodge & Cox purchased a new stake in shares of Anadarko Petroleum Corporation during the fourth quarter valued at $1,596,608,000. JPMorgan Chase & Co. boosted its stake in shares of Anadarko Petroleum Corporation by 47.4% in the first quarter. JPMorgan Chase & Co. now owns 12,999,493 shares of the oil and gas development company’s stock valued at $805,967,000 after buying an additional 4,182,975 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Anadarko Petroleum Corporation by 1.8% in the first quarter. Bank of New York Mellon Corp now owns 7,210,248 shares of the oil and gas development company’s stock valued at $447,035,000 after buying an additional 128,487 shares in the last quarter. Institutional investors own 85.12% of the company’s stock.
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.
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