Anadarko Petroleum CEO Sells $26,282,073 in Stock (APC)
Anadarko Petroleum (NYSE:APC) CEO R A. Walker sold 245,100 shares of Anadarko Petroleum stock on the open market in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $107.23, for a total transaction of $26,282,073.00. Following the completion of the sale, the chief executive officer now directly owns 89,997 shares of the company’s stock, valued at approximately $9,650,378. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Argus raised their price target on shares of Anadarko Petroleum from $120.00 to $125.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Wed reiterated a “positive” rating on shares of Anadarko Petroleum in a research note on Monday. Finally, analysts at Barclays raised their price target on shares of Anadarko Petroleum from $121.00 to $126.00 in a research note on Friday, August 1st. They now have an “equal weight” rating on the stock. Eight research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $119.08.
Anadarko Petroleum (NYSE:APC) traded up 1.97% on Friday, hitting $109.23. 3,376,865 shares of the company’s stock traded hands. Anadarko Petroleum has a 52-week low of $73.60 and a 52-week high of $113.00. The stock’s 50-day moving average is $108. and its 200-day moving average is $96.26. The company’s market cap is $55.266 billion.
Anadarko Petroleum (NYSE:APC) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.02. The company had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter in the previous year, the company posted $1.05 earnings per share. The company’s revenue for the quarter was up 26.9% on a year-over-year basis. Analysts expect that Anadarko Petroleum will post $5.47 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 24th. Stockholders of record on Wednesday, September 10th 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, September 8th.
Anadarko Petroleum Corporation (NYSE:APC) is an independent exploration and production company.
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