Shares of Anadarko Petroleum Co. (NYSE:APC) gapped up prior to trading on Monday . The stock had previously closed at $63.25, but opened at $64.64. Anadarko Petroleum shares last traded at $66.01, with a volume of 3073200 shares trading hands.

Several analysts have weighed in on APC shares. Johnson Rice cut shares of Anadarko Petroleum from a “buy” rating to an “accumulate” rating in a research note on Wednesday, August 15th. Stifel Nicolaus upped their price objective on shares of Anadarko Petroleum from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, July 10th. Credit Suisse Group set a $84.00 price objective on shares of Anadarko Petroleum and gave the stock a “buy” rating in a research note on Monday, July 9th. ValuEngine raised shares of Anadarko Petroleum from a “hold” rating to a “buy” rating in a research note on Friday, June 22nd. Finally, Seaport Global Securities reiterated a “buy” rating on shares of Anadarko Petroleum in a research report on Wednesday, July 25th. Six equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $79.60.

The company has a market cap of $33.80 billion, a P/E ratio of -34.09, a price-to-earnings-growth ratio of 1.71 and a beta of 1.27. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.34.

Anadarko Petroleum (NYSE:APC) last announced its quarterly earnings results on Tuesday, July 31st. The oil and gas development company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.06). The firm had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.08 billion. Anadarko Petroleum had a net margin of 3.63% and a return on equity of 1.85%. The business’s revenue was up 21.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.75) EPS. equities research analysts expect that Anadarko Petroleum Co. will post 2.96 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 26th. Shareholders of record on Wednesday, September 12th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date is Tuesday, September 11th. Anadarko Petroleum’s dividend payout ratio is currently -51.02%.

Anadarko Petroleum announced that its Board of Directors has approved a share repurchase plan on Monday, July 9th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the oil and gas development company to buy up to 2.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Hedge funds have recently made changes to their positions in the business. Royal London Asset Management Ltd. acquired a new stake in shares of Anadarko Petroleum during the 2nd quarter worth about $16,592,000. WealthTrust Fairport LLC acquired a new stake in shares of Anadarko Petroleum during the 2nd quarter worth about $209,000. Bank of New York Mellon Corp lifted its stake in shares of Anadarko Petroleum by 46.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 7,941,486 shares of the oil and gas development company’s stock worth $581,714,000 after buying an additional 2,536,173 shares during the last quarter. Energy Opportunities Capital Management LLC acquired a new stake in shares of Anadarko Petroleum during the 2nd quarter worth about $1,290,000. Finally, Global X Management Co LLC lifted its stake in shares of Anadarko Petroleum by 172.6% during the 2nd quarter. Global X Management Co LLC now owns 13,600 shares of the oil and gas development company’s stock worth $996,000 after buying an additional 8,611 shares during the last quarter. Hedge funds and other institutional investors own 86.21% of the company’s stock.

Anadarko Petroleum Company Profile (NYSE:APC)

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).

Further Reading: Buyback

Receive News & Ratings for Anadarko Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anadarko Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.