Anadarko Petroleum Corporation (NYSE:APC) Stock Rating Reaffirmed by Stifel Nicolaus

Stifel Nicolaus reiterated their buy rating on shares of Anadarko Petroleum Corporation (NYSE:APC) in a research report sent to investors on Tuesday. The brokerage currently has a $78.00 target price on the oil and gas development company’s stock, down from their previous target price of $80.00.

A number of other equities research analysts have also issued reports on APC. Jefferies Group LLC set a $62.00 target price on shares of Anadarko Petroleum Corporation and gave the company a buy rating in a research note on Tuesday, June 6th. Scotiabank set a $76.00 price target on shares of Anadarko Petroleum Corporation and gave the company a buy rating in a report on Tuesday, May 16th. UBS AG restated a buy rating and set a $80.00 price target on shares of Anadarko Petroleum Corporation in a report on Monday, May 15th. Bank of America Corporation restated a buy rating on shares of Anadarko Petroleum Corporation in a report on Thursday, May 11th. Finally, KLR Group raised their price target on shares of Anadarko Petroleum Corporation from $82.00 to $86.00 and gave the company a buy rating in a report on Thursday, May 4th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Anadarko Petroleum Corporation currently has a consensus rating of Buy and a consensus target price of $71.44.

Anadarko Petroleum Corporation (NYSE APC) traded up 0.13% during midday trading on Tuesday, reaching $45.78. The company had a trading volume of 3,279,189 shares. Anadarko Petroleum Corporation has a 52-week low of $42.58 and a 52-week high of $73.33. The company’s market capitalization is $25.65 billion. The company’s 50 day moving average is $45.59 and its 200-day moving average is $57.80.

Anadarko Petroleum Corporation (NYSE:APC) last posted its quarterly earnings data on Monday, July 24th. The oil and gas development company reported ($0.77) EPS for the quarter, missing analysts’ consensus estimates of ($0.35) by $0.42. Anadarko Petroleum Corporation had a negative return on equity of 9.58% and a negative net margin of 19.31%. The firm had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the business posted ($0.60) EPS. The company’s revenue for the quarter was up 41.8% on a year-over-year basis. Equities analysts expect that Anadarko Petroleum Corporation will post ($1.61) earnings per share for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 28th. Investors of record on Wednesday, June 14th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend was Monday, June 12th. Anadarko Petroleum Corporation’s dividend payout ratio is currently -5.14%.

In related news, Director Anthony R. Chase purchased 1,905 shares of the firm’s stock in a transaction dated Thursday, May 18th. The shares were purchased at an average cost of $52.48 per share, for a total transaction of $99,974.40. Following the completion of the transaction, the director now directly owns 23,636 shares in the company, valued at approximately $1,240,417.28. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman R A. Walker purchased 19,300 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The shares were bought at an average price of $51.82 per share, for a total transaction of $1,000,126.00. Following the completion of the transaction, the chairman now owns 176,718 shares of the company’s stock, valued at $9,157,526.76. The disclosure for this purchase can be found here. Insiders purchased a total of 41,205 shares of company stock worth $2,136,700 over the last 90 days. 0.45% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in the stock. Quantitative Investment Management LLC boosted its position in Anadarko Petroleum Corporation by 1,683.1% in the first quarter. Quantitative Investment Management LLC now owns 148,000 shares of the oil and gas development company’s stock valued at $9,176,000 after buying an additional 139,700 shares during the period. Homrich & Berg raised its stake in shares of Anadarko Petroleum Corporation by 46.2% in the first quarter. Homrich & Berg now owns 9,045 shares of the oil and gas development company’s stock valued at $561,000 after buying an additional 2,857 shares in the last quarter. Amalgamated Bank raised its stake in shares of Anadarko Petroleum Corporation by 8.9% in the first quarter. Amalgamated Bank now owns 34,693 shares of the oil and gas development company’s stock valued at $2,151,000 after buying an additional 2,829 shares in the last quarter. Airain ltd raised its stake in shares of Anadarko Petroleum Corporation by 135.9% in the first quarter. Airain ltd now owns 70,968 shares of the oil and gas development company’s stock valued at $4,400,000 after buying an additional 40,878 shares in the last quarter. Finally, Rafferty Asset Management LLC raised its stake in shares of Anadarko Petroleum Corporation by 134.7% in the first quarter. Rafferty Asset Management LLC now owns 20,800 shares of the oil and gas development company’s stock valued at $1,290,000 after buying an additional 11,937 shares in the last quarter. Hedge funds and other institutional investors own 85.18% of the company’s stock.

About Anadarko Petroleum Corporation

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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