Shares of Anadarko Petroleum Corporation (NYSE:APC) gapped up prior to trading on Friday . The stock had previously closed at $48.78, but opened at $48.49. Anadarko Petroleum Corporation shares last traded at $48.60, with a volume of 4,662,274 shares trading hands.

A number of analysts have recently issued reports on the company. Mitsubishi UFJ Financial Group reaffirmed a “buy” rating and issued a $66.00 price objective on shares of Anadarko Petroleum Corporation in a research report on Thursday. Scotiabank reaffirmed a “buy” rating and issued a $64.00 price objective on shares of Anadarko Petroleum Corporation in a research report on Friday. Cowen and Company reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Anadarko Petroleum Corporation in a research report on Sunday, September 17th. BMO Capital Markets reaffirmed a “hold” rating and issued a $53.00 price objective on shares of Anadarko Petroleum Corporation in a research report on Monday, September 4th. Finally, Stifel Nicolaus reaffirmed a “buy” rating on shares of Anadarko Petroleum Corporation in a research report on Sunday, September 3rd. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $70.13.

The firm’s 50 day moving average price is $42.72 and its 200 day moving average price is $50.53. The firm’s market cap is $27.36 billion.

Anadarko Petroleum Corporation (NYSE:APC) last released its quarterly earnings results on Monday, July 24th. The oil and gas development company reported ($0.77) earnings per share for the quarter, missing the consensus estimate of ($0.35) by ($0.42). The firm had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.50 billion. Anadarko Petroleum Corporation had a negative return on equity of 9.71% and a negative net margin of 19.31%. The company’s revenue for the quarter was up 41.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.60) EPS. On average, analysts expect that Anadarko Petroleum Corporation will post ($2.12) earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 27th. Investors of record on Wednesday, September 13th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, September 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.41%. Anadarko Petroleum Corporation’s dividend payout ratio is presently -5.14%.

Anadarko Petroleum Corporation declared that its board has approved a share buyback plan 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 shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Guardian Life Insurance Co. of America increased its stake in Anadarko Petroleum Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,156 shares of the oil and gas development company’s stock valued at $134,000 after acquiring an additional 15 shares during the last quarter. Klingenstein Fields & Co. LLC boosted its position in Anadarko Petroleum Corporation by 0.8% during the second quarter. Klingenstein Fields & Co. LLC now owns 5,250 shares of the oil and gas development company’s stock valued at $238,000 after buying an additional 40 shares during the period. Optimum Investment Advisors boosted its position in Anadarko Petroleum Corporation by 0.9% during the second quarter. Optimum Investment Advisors now owns 11,541 shares of the oil and gas development company’s stock valued at $523,000 after buying an additional 100 shares during the period. Cleararc Capital Inc. boosted its position in Anadarko Petroleum Corporation by 0.8% during the first quarter. Cleararc Capital Inc. now owns 13,687 shares of the oil and gas development company’s stock valued at $849,000 after buying an additional 109 shares during the period. Finally, Bienville Capital Management LLC boosted its position in Anadarko Petroleum Corporation by 2.0% during the second quarter. Bienville Capital Management LLC now owns 5,840 shares of the oil and gas development company’s stock valued at $265,000 after buying an additional 112 shares during the period. 85.05% of the stock is currently owned by institutional investors and hedge funds.

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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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