Anadarko Petroleum (NASDAQ:APC) Upgraded at Mizuho

Mizuho upgraded shares of Anadarko Petroleum (NASDAQ:APC) from a neutral rating to an outperform rating in a report issued on Friday morning, Marketbeat Ratings reports. The brokerage currently has $22.00 target price on the oil and gas development company’s stock.

A number of other brokerages have also recently weighed in on APC. UBS Group decreased their price objective on Anadarko Petroleum from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, August 12th. Zacks Research lowered Anadarko Petroleum from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. Finally, Weiss Ratings upgraded shares of Anadarko Petroleum from a “sell (e)” rating to a “hold (c)” rating in a research report on Tuesday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Anadarko Petroleum has an average rating of “Moderate Buy” and an average price target of $21.80.

Anadarko Petroleum Price Performance

Shares of NASDAQ:APC opened at $15.50 on Friday. Anadarko Petroleum has a 52-week low of $14.50 and a 52-week high of $21.72. The firm has a fifty day moving average of $18.50 and a 200 day moving average of $18.94. The firm has a market capitalization of $194.84 million and a PE ratio of 22.46. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.03 and a current ratio of 1.18.

Anadarko Petroleum (NASDAQ:APC) last released its quarterly earnings results on Thursday, August 6th. The oil and gas development company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.10). The business had revenue of $1.84 billion during the quarter. The business’s revenue was up 27.4% on a year-over-year basis. As a group, research analysts anticipate that Anadarko Petroleum will post 0.95 EPS for the current fiscal year.

Anadarko Petroleum Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Tuesday, August 18th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 12.9%. This is a positive change from Anadarko Petroleum’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Tuesday, August 18th. Anadarko Petroleum’s payout ratio is currently 289.86%.

Insider Buying and Selling at Anadarko Petroleum

In other news, major shareholder Holdings I. L.P. Blackstone sold 124,600 shares of the business’s stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of $16.40, for a total transaction of $2,043,440.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Hedge Funds Weigh In On Anadarko Petroleum

Institutional investors have recently bought and sold shares of the stock. Greenland Capital Management LP purchased a new position in shares of Anadarko Petroleum in the 2nd quarter valued at approximately $264,000. Readystate Asset Management LP purchased a new stake in shares of Anadarko Petroleum during the second quarter valued at approximately $1,696,000. State Street Corp bought a new stake in shares of Anadarko Petroleum in the 2nd quarter worth $2,536,000. Finally, Citadel Advisors LLC purchased a new position in Anadarko Petroleum in the 2nd quarter worth about $4,579,000.

Anadarko Petroleum Company Profile

Anadarko Petroleum Corporation was an independent oil and natural gas exploration and production company headquartered in The Woodlands, Texas. The company explored for, developed and produced crude oil, natural gas and natural gas liquids, with operations focused primarily on onshore and offshore properties.

Anadarko’s U.S. activities included the Delaware and DJ basins, the Gulf of Mexico and other domestic producing regions. Internationally, the company held exploration and production interests in areas including Algeria, Ghana, Mozambique and South Africa.