Anadarko Petroleum Corp. (NYSE:APC) had its target price boosted by Macquarie from $61.00 to $71.00 in a report issued on Wednesday morning. They currently have an outperform rating on the oil and gas development company’s stock.

APC has been the subject of a number of other reports. BMO Capital Markets restated a hold rating and issued a $55.00 price objective on shares of Anadarko Petroleum Corp. in a research note on Wednesday, July 27th. Credit Suisse Group AG boosted their price objective on shares of Anadarko Petroleum Corp. to $68.00 and gave the stock a neutral rating in a research note on Thursday, July 28th. Vetr upgraded shares of Anadarko Petroleum Corp. from a hold rating to a buy rating and set a $54.50 price objective for the company in a research note on Monday, June 27th. Zacks Investment Research cut shares of Anadarko Petroleum Corp. from a buy rating to a hold rating in a research note on Wednesday, August 10th. Finally, Argus restated a buy rating and issued a $56.00 price objective on shares of Anadarko Petroleum Corp. in a research note on Tuesday, May 24th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have assigned a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $68.05.

Anadarko Petroleum Corp. (NYSE:APC) opened at 57.52 on Wednesday. Anadarko Petroleum Corp. has a 1-year low of $28.16 and a 1-year high of $73.87. The firm has a 50 day moving average of $54.69 and a 200 day moving average of $51.30. The firm’s market cap is $29.36 billion.

Anadarko Petroleum Corp. (NYSE:APC) last announced its quarterly earnings data on Tuesday, July 26th. The oil and gas development company reported ($0.60) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.80) by $0.20. Anadarko Petroleum Corp. had a negative net margin of 71.09% and a negative return on equity of 9.88%. The firm had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the previous year, the firm posted $0.01 earnings per share. The firm’s revenue was down 27.4% on a year-over-year basis. On average, equities research analysts expect that Anadarko Petroleum Corp. will post ($2.78) EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 28th. Shareholders of record on Wednesday, September 14th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.35%. The ex-dividend date is Monday, September 12th. Anadarko Petroleum Corp.’s dividend payout ratio is -1.95%.

Large investors have recently bought and sold shares of the company. Financial Architects Inc boosted its position in shares of Anadarko Petroleum Corp. by 90.9% in the second quarter. Financial Architects Inc now owns 1,995 shares of the oil and gas development company’s stock worth $107,000 after buying an additional 950 shares during the last quarter. Kanaly Trust Co boosted its position in shares of Anadarko Petroleum Corp. by 44.2% in the second quarter. Kanaly Trust Co now owns 2,004 shares of the oil and gas development company’s stock worth $107,000 after buying an additional 614 shares during the last quarter. Security National Trust Co. boosted its position in shares of Anadarko Petroleum Corp. by 4.9% in the second quarter. Security National Trust Co. now owns 2,138 shares of the oil and gas development company’s stock worth $114,000 after buying an additional 100 shares during the last quarter. Stelac Advisory Services LLC bought a new position in shares of Anadarko Petroleum Corp. during the second quarter worth approximately $117,000. Finally, Signaturefd LLC boosted its position in shares of Anadarko Petroleum Corp. by 11.0% in the second quarter. Signaturefd LLC now owns 2,282 shares of the oil and gas development company’s stock worth $122,000 after buying an additional 226 shares during the last quarter. 86.49% of the stock is owned by institutional investors.

About Anadarko Petroleum Corp.

Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company’s segments include Oil and Gas Exploration & Production; Midstream, and Marketing. The Oil and Gas Exploration & Production segment explores for and produces oil, condensate, natural gas and natural gas liquids (NGLs), and focuses on the development and operation of the Company’s liquefied natural gas (LNG) project in Mozambique.

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