Anadarko Petroleum Corp. (NYSE:APC) traded down 4.8% during trading on Monday . The company traded as low as $51.91 and last traded at $51.92, with a volume of 2,391,384 shares trading hands. The stock had previously closed at $54.53.

APC has been the subject of several research analyst reports. Zacks Investment Research raised Anadarko Petroleum Corp. from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a research report on Tuesday, July 12th. Credit Agricole SA initiated coverage on Anadarko Petroleum Corp. in a research report on Wednesday, June 22nd. They set an “underperform” rating for the company. Vetr lowered Anadarko Petroleum Corp. from a “hold” rating to a “sell” rating and set a $52.80 target price for the company. in a research report on Tuesday, June 7th. Drexel Hamilton initiated coverage on Anadarko Petroleum Corp. in a research report on Wednesday, June 8th. They set a “buy” rating and a $108.00 target price for the company. Finally, Bank of America Corp. reaffirmed a “buy” rating and set a $95.00 target price (up from $85.00) on shares of Anadarko Petroleum Corp. in a research report on Tuesday, June 21st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have given a buy rating to the company’s stock. Anadarko Petroleum Corp. currently has an average rating of “Buy” and a consensus price target of $68.32.

The company’s market cap is $26.63 billion. The company has a 50 day moving average of $54.18 and a 200-day moving average of $47.60.

Anadarko Petroleum Corp. (NYSE:APC) last issued its quarterly earnings results on Tuesday, July 26th. The oil and gas development company reported ($0.60) earnings per share for the quarter, topping the consensus estimate of ($0.80) by $0.20. The business earned $1.92 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the previous year, the company posted $0.01 earnings per share. The company’s quarterly revenue was down 27.4% compared to the same quarter last year. On average, analysts anticipate that Anadarko Petroleum Corp. will post ($2.93) EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 28th. Stockholders of record on Wednesday, September 14th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.39%.

Several large investors have modified their holdings of APC. Suntrust Banks Inc. increased its stake in shares of 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 valued at $1,134,000 after buying an additional 4,810 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Anadarko Petroleum Corp. during the fourth quarter valued at $2,228,000. Advantus Capital Management Inc increased its stake in shares of Anadarko Petroleum Corp. by 2.9% in the fourth quarter. Advantus Capital Management Inc now owns 48,929 shares of the oil and gas development company’s stock valued at $2,377,000 after buying an additional 1,356 shares during the last quarter. Andra AP fonden increased its stake in shares of Anadarko Petroleum Corp. by 46.8% in the fourth quarter. Andra AP fonden now owns 55,200 shares of the oil and gas development company’s stock valued at $2,682,000 after buying an additional 17,600 shares during the last quarter. Finally, First Washington CORP acquired a new stake in shares of Anadarko Petroleum Corp. during the fourth quarter valued at $2,946,000.

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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