Anadarko Petroleum Corp. (NYSE:APC) had its price target boosted by Deutsche Bank AG from $60.00 to $64.00 in a research note issued to investors on Thursday morning. The firm currently has a hold rating on the oil and gas development company’s stock.

A number of other equities analysts also recently weighed in on the stock. Wells Fargo & Co. reaffirmed an outperform rating on shares of Anadarko Petroleum Corp. in a research note on Wednesday, July 6th. Johnson Rice raised shares of Anadarko Petroleum Corp. from an accumulate rating to a buy rating in a research note on Tuesday, September 13th. Zacks Investment Research downgraded shares of Anadarko Petroleum Corp. from a buy rating to a hold rating in a research note on Wednesday, August 10th. Credit Suisse Group AG reaffirmed a hold rating and issued a $68.00 target price on shares of Anadarko Petroleum Corp. in a research note on Monday, September 12th. Finally, Jefferies Group reaffirmed a buy rating on shares of Anadarko Petroleum Corp. in a research note on Thursday, August 11th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-five have assigned a buy rating to the company. Anadarko Petroleum Corp. presently has an average rating of Buy and an average target price of $68.32.

Shares of Anadarko Petroleum Corp. (NYSE:APC) opened at 58.28 on Thursday. Anadarko Petroleum Corp. has a 52-week low of $28.16 and a 52-week high of $73.87. The firm has a 50-day moving average of $55.19 and a 200-day moving average of $51.86. The stock’s market cap is $29.75 billion.

Anadarko Petroleum Corp. (NYSE:APC) last announced its earnings results on Tuesday, July 26th. The oil and gas development company reported ($0.60) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.80) by $0.20. Anadarko Petroleum Corp. had a negative net margin of 71.09% and a negative return on equity of 9.88%. The company earned $1.92 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the previous year, the firm posted $0.01 earnings per share. The company’s revenue was down 27.4% on a year-over-year basis. On average, equities analysts expect that Anadarko Petroleum Corp. will post ($2.64) EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 28th. Shareholders of record on Wednesday, September 14th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.34%. The ex-dividend date of this dividend is Monday, September 12th. Anadarko Petroleum Corp.’s dividend payout ratio (DPR) is currently -1.95%.

Hedge funds have recently bought and sold shares of the company. Loomis Sayles & Co. L P raised its stake in Anadarko Petroleum Corp. by 0.7% in the first quarter. Loomis Sayles & Co. L P now owns 3,424 shares of the oil and gas development company’s stock valued at $159,000 after buying an additional 24 shares during the period. Northwestern Mutual Investment Management Company LLC raised its position in shares of Anadarko Petroleum Corp. by 0.3% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 19,472 shares of the oil and gas development company’s stock valued at $1,037,000 after buying an additional 60 shares during the last quarter. Fayez Sarofim & Co. raised its position in shares of Anadarko Petroleum Corp. by 1.1% in the second quarter. Fayez Sarofim & Co. now owns 7,151 shares of the oil and gas development company’s stock valued at $381,000 after buying an additional 76 shares during the last quarter. Park National Corp OH raised its position in shares of Anadarko Petroleum Corp. by 1.3% in the second quarter. Park National Corp OH now owns 5,929 shares of the oil and gas development company’s stock valued at $316,000 after buying an additional 78 shares during the last quarter. Finally, Wedbush Securities Inc. raised its position in shares of Anadarko Petroleum Corp. by 1.4% in the second quarter. Wedbush Securities Inc. now owns 6,275 shares of the oil and gas development company’s stock valued at $334,000 after buying an additional 84 shares during the last quarter. 85.16% of the stock is currently owned by hedge funds and other institutional investors.

Anadarko Petroleum Corp. Company Profile

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.

5 Day Chart for NYSE:APC

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