Anadarko Petroleum Director Anthony R. Chase Acquires 1,700 Shares (APC)
Anadarko Petroleum (NYSE:APC) Director Anthony R. Chase acquired 1,700 shares of Anadarko Petroleum stock in a transaction dated Thursday, August 28th. The shares were purchased at an average price of $110.89 per share, for a total transaction of $188,513.00. Following the purchase, the director now directly owns 5,071 shares in the company, valued at approximately $562,323. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.
Anadarko Petroleum (NYSE:APC) traded down 0.99% on Tuesday, hitting $111.57. 3,915,878 shares of the company’s stock traded hands. Anadarko Petroleum has a 52 week low of $73.60 and a 52 week high of $113.51. The stock’s 50-day moving average is $108.9 and its 200-day moving average is $99.44. The company’s market cap is $56.450 billion. Anadarko Petroleum also was the recipient of a large decrease in short interest in the month of August. As of August 15th, there was short interest totalling 8,041,034 shares, a decrease of 28.5% from the July 31st total of 11,251,894 shares. Based on an average trading volume of 4,015,200 shares, the short-interest ratio is currently 2.0 days. Currently, 1.6% of the company’s stock are sold short.
Anadarko Petroleum (NYSE:APC) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.32 EPS for the quarter, beating the Thomson Reuters 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. Analysts expect that Anadarko Petroleum will post $5.44 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 24th. Investors 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 0.97%. The ex-dividend date of this dividend is Monday, September 8th.
A number of research firms have recently commented on APC. Analysts at Zacks reiterated a “neutral” rating on shares of Anadarko Petroleum in a research note on Tuesday, August 26th. They now have a $118.00 price target on the stock. Separately, 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. Finally, analysts at Wed reiterated a “positive” rating on shares of Anadarko Petroleum in a research note on Monday, August 4th. Nine equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $119.21.
Anadarko Petroleum Corporation (NYSE:APC) is an independent exploration and production company.
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