Anadarko Petroleum (NASDAQ:APC) Major Shareholder Holdings L.P. Blackstone Sells 25,000 Shares of Stock

Anadarko Petroleum Co. (NASDAQ:APC) major shareholder Holdings L.P. Blackstone sold 25,000 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $19.00, for a total transaction of $475,000.00. Following the completion of the sale, the insider owned 125,000 shares of the company’s stock, valued at approximately $2,375,000. This represents a 16.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Anadarko Petroleum Price Performance

APC opened at $21.55 on Wednesday. The firm has a market cap of $270.88 million, a P/E ratio of 93.70, a PEG ratio of 5.64 and a beta of 1.64. The firm has a 50-day moving average of $18.56 and a 200 day moving average of $49.48. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.92 and a current ratio of 0.92. Anadarko Petroleum Co. has a fifty-two week low of $17.00 and a fifty-two week high of $21.72.

Anadarko Petroleum (NASDAQ:APC) last posted its quarterly earnings results on Thursday, May 7th. The oil and gas development company reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. The company had revenue of $1.34 billion during the quarter. Anadarko Petroleum had a negative net margin of 4.20% and a positive return on equity of 10.49%. The business’s quarterly revenue was down .2% compared to the same quarter last year. On average, research analysts expect that Anadarko Petroleum Co. will post 1.97 EPS for the current year.

Anadarko Petroleum Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, April 21st. Investors of record on Friday, April 10th were given a dividend of $0.26 per share. The ex-dividend date was Friday, April 10th. Anadarko Petroleum’s dividend payout ratio is presently 452.17%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Raymond James Financial assumed coverage on shares of Anadarko Petroleum in a research report on Monday, March 9th. They set a “strong-buy” rating and a $23.00 price target for the company. UBS Group assumed coverage on shares of Anadarko Petroleum in a research report on Monday, March 9th. They set a “buy” rating and a $22.00 target price for the company. Stifel Nicolaus assumed coverage on shares of Anadarko Petroleum in a research note on Monday, March 9th. They issued a “buy” rating and a $22.00 target price for the company. Zacks Research upgraded shares of Anadarko Petroleum to a “hold” rating in a research note on Tuesday, March 10th. Finally, Capital One Financial assumed coverage on shares of Anadarko Petroleum in a research note on Monday, March 9th. They issued an “overweight” rating and a $21.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Anadarko Petroleum presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.60.

About Anadarko Petroleum

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). It is also involved in gathering, processing, treating, and transporting oil, natural-gas, and NGLs production, as well as the gathering and disposal of produced water. The company's oil and natural gas properties are located in the United States onshore and deepwater Gulf of Mexico; and Algeria, Ghana, Mozambique, Colombia, Peru, and other countries.