Anadarko Petroleum (NASDAQ:APC) Major Shareholder Sells $475,000.00 in Stock

Anadarko Petroleum Co. (NASDAQ:APC) major shareholder Holdings L.P. Blackstone sold 25,000 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $19.00, for a total transaction of $475,000.00. Following the transaction, the insider owned 125,000 shares in the company, valued at approximately $2,375,000. This trade represents a 16.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Anadarko Petroleum Stock Performance

Anadarko Petroleum stock traded up $1.46 during midday trading on Tuesday, reaching $21.55. 444,840 shares of the company traded hands, compared to its average volume of 185,630. The firm has a market capitalization of $270.88 million, a price-to-earnings ratio of 93.70, a price-to-earnings-growth ratio of 5.64 and a beta of 1.64. The business has a 50 day moving average of $18.56 and a two-hundred day moving average of $49.48. Anadarko Petroleum Co. has a 12 month low of $17.00 and a 12 month high of $21.72. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.92 and a quick ratio of 0.92.

Anadarko Petroleum (NASDAQ:APC) last issued its quarterly earnings data on Thursday, May 7th. The oil and gas development company reported $0.20 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.20. Anadarko Petroleum had a negative net margin of 4.20% and a positive return on equity of 10.49%. The company had revenue of $1.34 billion for the quarter. The business’s revenue for the quarter was down .2% compared to the same quarter last year. As a group, research analysts predict that Anadarko Petroleum Co. will post 1.97 earnings per share for the current year.

Anadarko Petroleum Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, April 21st. Shareholders of record on Friday, April 10th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, April 10th. Anadarko Petroleum’s dividend payout ratio is currently 452.17%.

Wall Street Analyst Weigh In

APC has been the subject of a number of analyst reports. Stifel Nicolaus initiated coverage on shares of Anadarko Petroleum in a research note on Monday, March 9th. They issued a “buy” rating and a $22.00 price objective for the company. Raymond James Financial initiated coverage on shares of Anadarko Petroleum in a research note on Monday, March 9th. They set a “strong-buy” rating and a $23.00 target price for the company. Mizuho assumed coverage on shares of Anadarko Petroleum in a research report on Monday, March 9th. They set a “neutral” rating and a $20.00 price objective for the company. Zacks Research raised shares of Anadarko Petroleum to a “hold” rating in a research note on Tuesday, March 10th. Finally, UBS Group began coverage on shares of Anadarko Petroleum in a research report on Monday, March 9th. They issued a “buy” rating and a $22.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $21.60.

About Anadarko Petroleum

Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of oil and gas properties. It operates through three segments: Exploration and Production, WES Midstream, and Other Midstream. The company explores for and produces oil, natural gas, and natural gas liquids (NGLs). It is also involved in gathering, processing, treating, and transporting oil, natural-gas, and NGLs production, as well as the gathering and disposal of produced water. The company's oil and natural gas properties are located in the United States onshore and deepwater Gulf of Mexico; and Algeria, Ghana, Mozambique, Colombia, Peru, and other countries.