Bank of America Corp. reissued their buy rating on shares of Anadarko Petroleum Corp. (NYSE:APC) in a research note issued to investors on Tuesday. Bank of America Corp. currently has a $95.00 target price on the oil and gas development company’s stock.

APC has been the topic of several other research reports. Vetr cut Anadarko Petroleum Corp. from a buy rating to a hold rating and set a $52.80 target price on the stock. in a report on Wednesday, May 25th. Citigroup Inc. upped their price target on Anadarko Petroleum Corp. from $65.00 to $68.00 and gave the company a buy rating in a report on Tuesday, September 13th. Morgan Stanley upped their price target on Anadarko Petroleum Corp. from $74.00 to $81.00 and gave the company an overweight rating in a report on Tuesday, September 13th. Jefferies Group reaffirmed a buy rating and issued a $57.00 price target on shares of Anadarko Petroleum Corp. in a report on Thursday, June 2nd. Finally, Simmons reaffirmed an overweight rating and issued a $64.00 price target (up previously from $62.00) on shares of Anadarko Petroleum Corp. in a report on Sunday, June 12th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $68.05.

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

Anadarko Petroleum Corp. (NYSE:APC) last announced its earnings results on Tuesday, July 26th. The oil and gas development company reported ($0.60) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.80) by $0.20. Anadarko Petroleum Corp. had a negative return on equity of 9.88% and a negative net margin of 71.09%. The firm had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the previous year, the company earned $0.01 earnings per share. The firm’s quarterly revenue was down 27.4% compared to the same quarter last year. Equities analysts predict that Anadarko Petroleum Corp. will post ($2.78) earnings per share for the current fiscal year.

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

A number of hedge funds have recently modified their holdings of the company. Kanaly Trust Co boosted its stake 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 valued at $107,000 after buying an additional 614 shares in the last quarter. Financial Architects Inc boosted its stake 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 valued at $107,000 after buying an additional 950 shares in the last quarter. Security National Trust Co. boosted its stake 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 valued at $114,000 after buying an additional 100 shares in the last quarter. Stelac Advisory Services LLC purchased a new stake in shares of Anadarko Petroleum Corp. during the second quarter valued at $117,000. Finally, Signaturefd LLC boosted its stake 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 valued at $122,000 after buying an additional 226 shares in the last quarter. 86.49% of the stock is currently owned by hedge funds and other 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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