Shares of Anadarko Petroleum Corp. (NYSE:APC) gapped up before the market opened on Thursday . The stock had previously closed at $54.99, but opened at $55.19. Anadarko Petroleum Corp. shares last traded at $55.60, with a volume of 2,827,140 shares traded.

APC has been the subject of several research analyst reports. Bank of America Corp. reiterated a “buy” rating on shares of Anadarko Petroleum Corp. in a research report on Tuesday, May 3rd. Morgan Stanley reiterated a “buy” rating on shares of Anadarko Petroleum Corp. in a research report on Tuesday, May 3rd. Citigroup Inc. reiterated a “buy” rating and set a $65.00 target price on shares of Anadarko Petroleum Corp. in a research report on Tuesday, May 3rd. Jefferies Group reiterated a “buy” rating on shares of Anadarko Petroleum Corp. in a research report on Tuesday, May 3rd. Finally, Goldman Sachs Group Inc. reiterated a “buy” rating and set a $60.00 target price (up previously from $58.00) on shares of Anadarko Petroleum Corp. in a research report on Tuesday, May 3rd. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have assigned a buy rating to the company. Anadarko Petroleum Corp. has a consensus rating of “Buy” and an average price target of $67.67.

The stock’s market capitalization is $28.19 billion. The company has a 50 day moving average price of $52.94 and a 200 day moving average price of $46.22.

Anadarko Petroleum Corp. (NYSE:APC) last released its quarterly earnings results on Monday, May 2nd. The oil and gas development company reported ($1.12) EPS for the quarter, topping analysts’ consensus estimates of ($1.16) by $0.04. The firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same quarter last year, the company earned ($0.72) earnings per share. The firm’s revenue for the quarter was down 27.9% on a year-over-year basis. Equities analysts forecast that Anadarko Petroleum Corp. will post ($3.41) earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 22nd. Stockholders of record on Wednesday, June 8th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date of this dividend was Monday, June 6th.

Several hedge funds recently bought and sold shares of APC. Princeton Alpha Management LP bought a new stake in Anadarko Petroleum Corp. during the fourth quarter worth $1,075,000. Suntrust Banks Inc. raised its stake in Anadarko Petroleum Corp. by 25.9% in the fourth quarter. Suntrust Banks Inc. now owns 23,384 shares of the oil and gas development company’s stock worth $1,134,000 after buying an additional 4,810 shares in the last quarter. Intrust Bank NA raised its stake in Anadarko Petroleum Corp. by 127.9% in the fourth quarter. Intrust Bank NA now owns 28,329 shares of the oil and gas development company’s stock worth $1,377,000 after buying an additional 15,901 shares in the last quarter. Profund Advisors LLC raised its stake in Anadarko Petroleum Corp. by 3.7% in the fourth quarter. Profund Advisors LLC now owns 29,769 shares of the oil and gas development company’s stock worth $1,446,000 after buying an additional 1,052 shares in the last quarter. Finally, Toronto Dominion Bank raised its stake in Anadarko Petroleum Corp. by 111.2% in the fourth quarter. Toronto Dominion Bank now owns 29,830 shares of the oil and gas development company’s stock worth $1,452,000 after buying an additional 15,703 shares in the last quarter.

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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