Anadarko Petroleum Director John R. Gordon Sells 20,000 Shares (APC)
Anadarko Petroleum (NYSE:APC) Director John R. Gordon sold 20,000 shares of the stock on the open market in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $106.11, for a total value of $2,122,200.00. Following the completion of the transaction, the director now directly owns 147,022 shares of the company’s stock, valued at approximately $15,600,504. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Anadarko Petroleum (NYSE:APC) opened at 108.21 on Monday. Anadarko Petroleum has a one year low of $73.60 and a one year high of $113.00. The stock’s 50-day moving average is $108.1 and its 200-day moving average is $97.25. The company’s market cap is $54.750 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 $5.45 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 1.00%. The ex-dividend date of this dividend is Monday, September 8th.
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, August 6th. 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 investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Anadarko Petroleum has an average rating of “Buy” and an average price target of $119.26.
Anadarko Petroleum Corporation (NYSE:APC) is an independent exploration and production company.
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