Insider Selling: Charles Alvin Meloy Sells 72,182 Shares of Anadarko Petroleum Stock (APC)
Anadarko Petroleum (NYSE:APC) EVP Charles Alvin Meloy unloaded 72,182 shares of Anadarko Petroleum stock on the open market in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $107.43, for a total transaction of $7,754,512.26. Following the sale, the executive vice president now directly owns 96,427 shares of the company’s stock, valued at approximately $10,359,153. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on APC shares. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Anadarko Petroleum in a research note on Wednesday. They now have a $126.00 price target on the stock, up previously from $116.00. Separately, 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. Finally, 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. Seven research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $114.28.
Anadarko Petroleum (NYSE:APC) traded up 1.52% on Friday, hitting $109.37. 2,981,555 shares of the company’s stock traded hands. Anadarko Petroleum has a 52-week low of $73.60 and a 52-week high of $109.29. The stock has a 50-day moving average of $101.4 and a 200-day moving average of $88.95. The company’s market cap is $55.238 billion. Anadarko Petroleum also was the target of unusually large options trading on Wednesday. Stock traders acquired 49,101 call options on the stock. This is an increase of 668% compared to the average daily volume of 6,395 call 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. Analysts expect that Anadarko Petroleum will post $5.18 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, June 25th. Shareholders of record on Wednesday, June 11th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Monday, June 9th. This is a positive change from Anadarko Petroleum’s previous quarterly dividend of $0.18.
Anadarko Petroleum Corporation (NYSE:APC) is an independent exploration and production company.
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