Anadarko Petroleum CEO R A. Walker Unloads 50,357 Shares (APC)
Anadarko Petroleum (NYSE:APC) CEO R A. Walker sold 50,357 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $108.00, for a total value of $5,438,556.00. Following the transaction, the chief executive officer now directly owns 89,997 shares in the company, valued at approximately $9,719,676. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
APC has been the subject of a number of recent research reports. 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, August 4th. 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 assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average 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 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 $96.35. 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 prior year, the company posted $1.05 earnings per share. The company’s quarterly revenue was up 26.9% on a year-over-year basis. On average, analysts predict that Anadarko Petroleum will post $5.48 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Monday, September 8th.
Anadarko Petroleum Corporation (NYSE:APC) is an independent exploration and production company.
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