Shares of Anadarko Petroleum Corp. (NYSE:APC) gapped up prior to trading on Monday . The stock had previously closed at $52.57, but opened at $52.77. Anadarko Petroleum Corp. shares last traded at $54.15, with a volume of 1,874,978 shares trading hands.

APC has been the topic of several analyst reports. JPMorgan Chase & Co. raised shares of Anadarko Petroleum Corp. from a “neutral” rating to an “overweight” rating and set a $55.00 target price on the stock in a report on Friday, April 15th. Vetr downgraded shares of Anadarko Petroleum Corp. from a “strong-buy” rating to a “buy” rating and set a $57.38 target price on the stock. in a report on Monday, April 25th. Goldman Sachs Group Inc. reissued a “buy” rating and set a $60.00 price objective (up previously from $58.00) on shares of Anadarko Petroleum Corp. in a report on Tuesday, May 3rd. Jefferies Group reissued a “buy” rating on shares of Anadarko Petroleum Corp. in a report on Tuesday, May 3rd. Finally, Citigroup Inc. reissued a “buy” rating and set a $65.00 price objective on shares of Anadarko Petroleum Corp. in a report on Tuesday, May 3rd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-four have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $66.91.

The firm has a 50 day moving average price of $54.02 and a 200 day moving average price of $48.09. The firm’s market cap is $27.08 billion.

Anadarko Petroleum Corp. (NYSE:APC) last released its quarterly earnings results on Tuesday, July 26th. The oil and gas development company reported ($0.60) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.80) by $0.20. During the same period in the prior year, the business earned $0.01 EPS. The firm earned $1.92 billion during the quarter, compared to the consensus estimate of $1.89 billion. The company’s revenue for the quarter was down 27.4% compared to the same quarter last year. Equities analysts anticipate that Anadarko Petroleum Corp. will post ($2.87) EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 28th. Stockholders of record on Wednesday, September 14th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend is Monday, September 12th.

Other institutional investors have recently added to or reduced their stakes in the company. Marshall Wace LLP purchased a new position in Anadarko Petroleum Corp. during the fourth quarter worth approximately $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. First Washington CORP bought a new stake in shares of Anadarko Petroleum Corp. during the fourth quarter valued at about $2,946,000. Finally, American International Group Inc. increased its stake in shares of Anadarko Petroleum Corp. by 2.4% in the fourth quarter. American International Group Inc. now owns 208,465 shares of the oil and gas development company’s stock valued at $10,127,000 after buying an additional 4,947 shares during 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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