Insider Selling: Anadarko Petroleum CAO Sells 30,737 Shares of Stock (APC)
Anadarko Petroleum (NYSE:APC) CAO Margaret C. Douglas unloaded 30,737 shares of Anadarko Petroleum stock on the open market in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $103.89, for a total value of $3,193,266.93. Following the completion of the sale, the chief accounting officer now directly owns 18,155 shares in the company, valued at approximately $1,886,123. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Anadarko Petroleum (NYSE:APC) traded up 0.82% during mid-day trading on Tuesday, hitting $103.92. 4,743,821 shares of the company’s stock traded hands. Anadarko Petroleum has a one year low of $73.60 and a one year high of $104.84. The stock’s 50-day moving average is $100.7 and its 200-day moving average is $88.58. The company’s market cap is $52.485 billion. Anadarko Petroleum also saw some unusual options trading activity on Monday. Stock traders acquired 7,936 put options on the company. This is an increase of 152% compared to the typical daily volume of 3,147 put options.
Anadarko Petroleum (NYSE:APC) last released its earnings data on Monday, May 5th. The company reported $1.26 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.08 earnings per share. On average, analysts predict that Anadarko Petroleum will post $5.17 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, June 25th. Shareholders of record on Wednesday, June 11th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Monday, June 9th. This is a boost from Anadarko Petroleum’s previous quarterly dividend of $0.18.
Several analysts have recently commented on the stock. Analysts at Raymond James raised their price target on shares of Anadarko Petroleum from $118.00 to $120.00 in a research note on Tuesday, May 27th. Separately, analysts at Barclays downgraded shares of Anadarko Petroleum from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, May 20th. They now have a $111.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Anadarko Petroleum in a research note on Monday, May 19th. They now have a $104.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $113.88.
Anadarko Petroleum Corporation (NYSE:APC) is an independent exploration and production company.
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