Insider Selling: Anadarko Petroleum CFO Unloads 44,000 Shares of Stock (APC)
Anadarko Petroleum (NYSE:APC) CFO Robert G. Gwin sold 44,000 shares of the stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $107.78, for a total transaction of $4,742,320.00. Following the completion of the transaction, the chief financial officer now directly owns 59,816 shares of the company’s stock, valued at approximately $6,446,968. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on APC shares. 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 investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $119.08.
Shares of Anadarko Petroleum (NYSE:APC) traded up 1.97% on Friday, hitting $109.23. The stock had a trading volume of 3,376,865 shares. Anadarko Petroleum has a 1-year low of $73.60 and a 1-year high of $113.00. The stock has a 50-day moving average of $108. and a 200-day moving average of $96.35. The company’s market cap is $55.266 billion.
Anadarko Petroleum (NYSE:APC) last issued its quarterly earnings data 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. Shareholders 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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