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Anadarko Petroleum (NYSE:APC) announced a quarterly dividend on Tuesday, May 13th, AmericanBankingNews.com reports. Stockholders of record on Wednesday, June 11th will be paid a dividend of 0.27 per share on Wednesday, June 25th. This represents a $1.08 annualized dividend and a dividend yield of 1.07%.

APC has been the subject of a number of recent research reports. Analysts at Barclays raised their price target on shares of Anadarko Petroleum from $109.00 to $111.00 in a research note on Monday. They now have an “overweight” rating on the stock. On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of Anadarko Petroleum in a research note on Wednesday, May 7th. They now have a $108.00 price target on the stock. Finally, analysts at Mizuho raised their price target on shares of Anadarko Petroleum from $111.00 to $118.00 in a research note on Wednesday, May 7th. They now have a “buy” rating on the stock. Six investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $113.65.

Anadarko Petroleum (NYSE:APC) traded down 0.18% during mid-day trading on Tuesday, hitting $100.88. The stock had a trading volume of 3,502,944 shares. Anadarko Petroleum has a one year low of $73.60 and a one year high of $104.84. The stock has a 50-day moving average of $95.87 and a 200-day moving average of $87.46. The company’s market cap is $50.950 billion.

Anadarko Petroleum (NYSE:APC) last posted its quarterly earnings results on Monday, May 5th. The company reported $1.26 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.16 by $0.10. The company had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $3.87 billion. During the same quarter in the prior year, the company posted $1.08 earnings per share. Analysts expect that Anadarko Petroleum will post $5.15 EPS for the current fiscal year.

Anadarko Petroleum Corporation (NYSE:APC) is an independent exploration and production company.

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