Anadarko Petroleum Corp. (NYSE:APC)’s share price 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 topic of a number of recent research reports. Stifel Nicolaus reissued a “buy” rating and set a $54.00 price objective (up previously from $48.00) on shares of Anadarko Petroleum Corp. in a research note on Thursday, March 31st. Vetr lowered Anadarko Petroleum Corp. from a “buy” rating to a “hold” rating and set a $52.80 price objective on the stock. in a research note on Wednesday, May 25th. Jefferies Group reissued a “buy” rating and set a $57.00 price objective on shares of Anadarko Petroleum Corp. in a research note on Thursday, June 2nd. Bank of America Corp. reissued a “buy” rating and set a $95.00 price objective (up previously from $85.00) on shares of Anadarko Petroleum Corp. in a research note on Tuesday, June 21st. Finally, Simmons reissued an “overweight” rating and set a $64.00 price objective (up previously from $62.00) on shares of Anadarko Petroleum Corp. in a research note on Sunday, June 12th. Three research 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. The stock presently has an average rating of “Buy” and a consensus price target of $67.67.

The company’s 50 day moving average is $53.13 and its 200-day moving average is $46.29. The firm’s market capitalization is $28.54 billion.

Anadarko Petroleum Corp. (NYSE:APC) last announced its quarterly earnings data on Monday, May 2nd. The oil and gas development company reported ($1.12) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.16) by $0.04. The firm earned $1.67 billion during the quarter, compared to the consensus estimate of $1.83 billion. The firm’s quarterly revenue was down 27.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.72) earnings per share. Equities analysts anticipate that Anadarko Petroleum Corp. will post ($3.37) earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 22nd. Investors of record on Wednesday, June 8th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.36%. The ex-dividend date was Monday, June 6th.

A number of hedge funds have recently made changes to their positions in APC. Harris Associates L P raised its stake in shares of Anadarko Petroleum Corp. by 33.2% in the fourth quarter. Harris Associates L P now owns 17,164,780 shares of the oil and gas development company’s stock valued at $833,865,000 after buying an additional 4,281,107 shares in the last quarter. Boston Partners raised its stake in shares of Anadarko Petroleum Corp. by 7.9% in the fourth quarter. Boston Partners now owns 4,080,347 shares of the oil and gas development company’s stock valued at $198,223,000 after buying an additional 299,965 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Anadarko Petroleum Corp. by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 31,667,403 shares of the oil and gas development company’s stock valued at $1,538,401,000 after buying an additional 830,625 shares in the last quarter. OppenheimerFunds Inc. raised its stake in shares of Anadarko Petroleum Corp. by 21.5% in the fourth quarter. OppenheimerFunds Inc. now owns 871,727 shares of the oil and gas development company’s stock valued at $42,346,000 after buying an additional 154,408 shares in the last quarter. Finally, Comerica Bank raised its stake in shares of Anadarko Petroleum Corp. by 2.5% in the fourth quarter. Comerica Bank now owns 152,371 shares of the oil and gas development company’s stock valued at $6,180,000 after buying an additional 3,751 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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