Anadarko Petroleum (NASDAQ:APC) Stock Rating Raised to “Hold” at Zacks Research

Zacks Research upgraded shares of Anadarko Petroleum (NASDAQ:APC) from a strong sell rating to a hold rating in a research report released on Tuesday,Zacks reports.

APC has been the subject of several other research reports. UBS Group dropped their target price on shares of Anadarko Petroleum from $22.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday, August 12th. Mizuho upgraded Anadarko Petroleum from a “neutral” rating to an “outperform” rating and set a $22.00 price target on the stock in a research note on Friday, October 2nd. Finally, Weiss Ratings upgraded Anadarko Petroleum from a “sell (e)” rating to a “hold (c)” rating in a research report on Tuesday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $21.80.

Anadarko Petroleum Trading Down 0.5%

Shares of APC stock opened at $16.24 on Tuesday. Anadarko Petroleum has a 1-year low of $14.50 and a 1-year high of $21.72. The firm has a market cap of $204.14 million and a PE ratio of 23.54. The company has a 50-day moving average of $18.24 and a two-hundred day moving average of $18.89. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.18 and a quick ratio of 1.03.

Anadarko Petroleum (NASDAQ:APC) last released its quarterly earnings results on Thursday, August 6th. The oil and gas development company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.10). The firm had revenue of $1.84 billion for the quarter. The firm’s revenue was up 27.4% compared to the same quarter last year. On average, analysts predict that Anadarko Petroleum will post 0.95 EPS for the current year.

Anadarko Petroleum Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Tuesday, August 18th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 12.3%. This is an increase from Anadarko Petroleum’s previous quarterly dividend of $0.26. The ex-dividend date was Tuesday, August 18th. Anadarko Petroleum’s dividend payout ratio (DPR) is presently 289.86%.

Insider Buying and Selling at Anadarko Petroleum

In related news, major shareholder Holdings I. L.P. Blackstone sold 124,600 shares of the company’s stock in a transaction that occurred on Friday, September 25th. The shares were sold at an average price of $16.40, for a total transaction of $2,043,440.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Anadarko Petroleum

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Citadel Advisors LLC purchased a new stake in shares of Anadarko Petroleum during the second quarter worth $4,579,000. State Street Corp purchased a new position in Anadarko Petroleum in the second quarter valued at $2,536,000. Readystate Asset Management LP purchased a new position in Anadarko Petroleum in the second quarter valued at $1,696,000. Finally, Greenland Capital Management LP acquired a new position in Anadarko Petroleum during the 2nd quarter worth $264,000.

About Anadarko Petroleum

Anadarko Petroleum Corporation was an independent oil and natural gas exploration and production company headquartered in The Woodlands, Texas. The company explored for, developed and produced crude oil, natural gas and natural gas liquids, with operations focused primarily on onshore and offshore properties.

Anadarko’s U.S. activities included the Delaware and DJ basins, the Gulf of Mexico and other domestic producing regions. Internationally, the company held exploration and production interests in areas including Algeria, Ghana, Mozambique and South Africa.