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

A number of other research firms have also recently weighed in on APC. BMO Capital Markets reissued a hold rating on shares of Anadarko Petroleum Corp. in a research report on Wednesday, July 6th. Zacks Investment Research raised shares of Anadarko Petroleum Corp. from a hold rating to a buy rating and set a $63.00 price objective for the company in a research report on Tuesday, July 12th. Goldman Sachs Group Inc. reissued a buy rating and issued a $68.00 price objective (up from $67.00) on shares of Anadarko Petroleum Corp. in a research report on Thursday, July 28th. Royal Bank Of Canada upped their price objective on shares of Anadarko Petroleum Corp. from $66.00 to $70.00 and gave the company an outperform rating in a research report on Tuesday, September 13th. Finally, Vetr cut shares of Anadarko Petroleum Corp. from a hold rating to a sell rating and set a $52.80 price objective for the company. in a research report on Tuesday, June 7th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-five have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $68.32.

Anadarko Petroleum Corp. (NYSE:APC) opened at 58.28 on Thursday. The company’s 50 day moving average price is $55.19 and its 200-day moving average price is $51.86. Anadarko Petroleum Corp. has a 12-month low of $28.16 and a 12-month high of $73.87. The stock’s market cap is $29.75 billion.

Anadarko Petroleum Corp. (NYSE:APC) last announced its quarterly earnings results on Tuesday, July 26th. The oil and gas development company reported ($0.60) earnings per share for the quarter, topping analysts’ consensus estimates 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 firm earned $1.92 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the prior year, the company earned $0.01 EPS. The firm’s revenue was down 27.4% on a year-over-year basis. On average, analysts forecast that Anadarko Petroleum Corp. will post ($2.64) EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 28th. Investors of record on Wednesday, September 14th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date is Monday, September 12th. Anadarko Petroleum Corp.’s dividend payout ratio is -1.95%.

A number of institutional investors have recently bought and sold shares of APC. Dodge & Cox raised its position in Anadarko Petroleum Corp. by 109,259.7% in the second quarter. Dodge & Cox now owns 9,212,463 shares of the oil and gas development company’s stock worth $490,564,000 after buying an additional 9,204,039 shares in the last quarter. Franklin Resources Inc. increased its stake in Anadarko Petroleum Corp. by 65.3% in the first quarter. Franklin Resources Inc. now owns 14,551,886 shares of the oil and gas development company’s stock worth $677,688,000 after buying an additional 5,748,233 shares during the last quarter. Norges Bank bought a new stake in Anadarko Petroleum Corp. during the fourth quarter worth about $216,254,000. Adage Capital Partners GP L.L.C. increased its stake in Anadarko Petroleum Corp. by 61.4% in the first quarter. Adage Capital Partners GP L.L.C. now owns 6,976,714 shares of the oil and gas development company’s stock worth $324,906,000 after buying an additional 2,654,700 shares during the last quarter. Finally, Carmignac Gestion increased its stake in Anadarko Petroleum Corp. by 12.0% in the second quarter. Carmignac Gestion now owns 13,619,742 shares of the oil and gas development company’s stock worth $725,251,000 after buying an additional 1,458,674 shares during the last quarter. 85.16% of the stock is owned by hedge funds and other institutional investors.

About Anadarko Petroleum Corp.

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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