Wolfe Research downgraded shares of Anadarko Petroleum Corporation (NYSE:APC) from an outperform rating to a market perform rating in a research report released on Monday, The Fly reports.

Several other equities analysts also recently weighed in on APC. Jefferies Group LLC reiterated a buy rating and set a $57.00 target price on shares of Anadarko Petroleum Corporation in a research report on Tuesday, October 10th. Citigroup Inc. reduced their target price on Anadarko Petroleum Corporation from $60.00 to $58.00 and set a buy rating on the stock in a research report on Friday, October 13th. BidaskClub downgraded Anadarko Petroleum Corporation from a sell rating to a strong sell rating in a research report on Thursday, August 17th. Stifel Nicolaus reiterated a buy rating and set a $77.00 target price (up from $76.00) on shares of Anadarko Petroleum Corporation in a research report on Monday, September 25th. Finally, Royal Bank Of Canada reiterated a buy rating and set a $62.00 target price on shares of Anadarko Petroleum Corporation in a research report on Friday, September 29th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $67.48.

Shares of Anadarko Petroleum Corporation (NYSE:APC) opened at 48.77 on Monday. The stock’s market capitalization is $27.33 billion. The company has a 50-day moving average of $46.06 and a 200 day moving average of $48.58. Anadarko Petroleum Corporation has a one year low of $39.96 and a one year high of $73.33.

Anadarko Petroleum Corporation (NYSE:APC) last released its earnings results on Monday, July 24th. The oil and gas development company reported ($0.77) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by ($0.42). Anadarko Petroleum Corporation had a negative return on equity of 9.71% and a negative net margin of 19.31%. The business had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter last year, the company posted ($0.60) earnings per share. The business’s quarterly revenue was up 41.8% compared to the same quarter last year. Equities research analysts forecast that Anadarko Petroleum Corporation will post ($2.06) earnings per share for the current fiscal year.

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Anadarko Petroleum Corporation announced that its Board of Directors has authorized a share repurchase plan on Wednesday, September 20th that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the oil and gas development company to reacquire up to 10% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 27th. Shareholders of record on Wednesday, September 13th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, September 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.41%. Anadarko Petroleum Corporation’s dividend payout ratio (DPR) is presently -5.14%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Artemis Investment Management LLP grew its position in shares of Anadarko Petroleum Corporation by 8.0% in the 2nd quarter. Artemis Investment Management LLP now owns 36,565 shares of the oil and gas development company’s stock worth $1,658,000 after acquiring an additional 2,698 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its position in shares of Anadarko Petroleum Corporation by 1.6% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,121,709 shares of the oil and gas development company’s stock worth $50,858,000 after acquiring an additional 17,411 shares in the last quarter. Andra AP fonden grew its position in shares of Anadarko Petroleum Corporation by 13.7% in the 2nd quarter. Andra AP fonden now owns 84,000 shares of the oil and gas development company’s stock worth $3,809,000 after acquiring an additional 10,100 shares in the last quarter. Cipher Capital LP grew its position in shares of Anadarko Petroleum Corporation by 364.8% in the 2nd quarter. Cipher Capital LP now owns 140,420 shares of the oil and gas development company’s stock worth $6,367,000 after acquiring an additional 110,209 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI grew its position in shares of Anadarko Petroleum Corporation by 30.2% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 424,746 shares of the oil and gas development company’s stock worth $19,258,000 after acquiring an additional 98,545 shares in the last quarter. Hedge funds and other institutional investors own 85.01% of the company’s stock.

Anadarko Petroleum Corporation Company Profile

Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company is engaged in developing, acquiring, and exploring for oil and natural-gas resources. The Company’s segments include Oil and Gas Exploration and Production; Midstream, and Marketing. The Company’s geographical segments include the United States and International.

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Analyst Recommendations for Anadarko Petroleum Corporation (NYSE:APC)

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