MKM Partners reissued their neutral rating on shares of Anadarko Petroleum (NYSE:APC) in a research note released on Monday morning, The Fly reports. They currently have a $65.00 price target on the oil and gas development company’s stock, down from their prior price target of $66.00.

Other analysts have also issued reports about the company. Mitsubishi UFJ Financial Group cut their price target on Anadarko Petroleum to $70.00 in a report on Thursday, February 7th. Citigroup initiated coverage on Anadarko Petroleum in a research report on Monday, April 1st. They issued a buy rating and a $65.00 target price on the stock. Credit Suisse Group reaffirmed a buy rating and issued a $73.00 target price on shares of Anadarko Petroleum in a research report on Wednesday, December 19th. Guggenheim set a $69.00 target price on Anadarko Petroleum and gave the company a buy rating in a research report on Friday, February 22nd. Finally, Mizuho reaffirmed a buy rating and issued a $55.00 target price on shares of Anadarko Petroleum in a research report on Tuesday, February 12th. Thirteen investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Anadarko Petroleum has a consensus rating of Buy and a consensus price target of $73.84.

Shares of Anadarko Petroleum stock opened at $62.26 on Monday. The stock has a market capitalization of $23.38 billion, a PE ratio of 27.55, a PEG ratio of 2.33 and a beta of 1.55. Anadarko Petroleum has a one year low of $40.40 and a one year high of $76.70. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.81 and a current ratio of 0.81.

Anadarko Petroleum (NYSE:APC) last issued its quarterly earnings results on Tuesday, February 5th. The oil and gas development company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.19). The firm had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.47 billion. Anadarko Petroleum had a net margin of 4.60% and a return on equity of 10.14%. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.18 earnings per share. Analysts predict that Anadarko Petroleum will post 1.66 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 13th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend was Tuesday, March 12th. Anadarko Petroleum’s dividend payout ratio (DPR) is presently 53.10%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Dorsey & Whitney Trust CO LLC increased its position in Anadarko Petroleum by 3.1% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 8,713 shares of the oil and gas development company’s stock worth $383,000 after buying an additional 265 shares during the last quarter. Kaizen Advisory LLC increased its position in Anadarko Petroleum by 24.2% during the fourth quarter. Kaizen Advisory LLC now owns 1,390 shares of the oil and gas development company’s stock worth $61,000 after buying an additional 271 shares during the last quarter. Sumitomo Life Insurance Co. increased its position in Anadarko Petroleum by 1.9% during the fourth quarter. Sumitomo Life Insurance Co. now owns 15,779 shares of the oil and gas development company’s stock worth $692,000 after buying an additional 300 shares during the last quarter. Advisory Services Network LLC increased its position in Anadarko Petroleum by 5.5% during the fourth quarter. Advisory Services Network LLC now owns 6,261 shares of the oil and gas development company’s stock worth $274,000 after buying an additional 329 shares during the last quarter. Finally, Triangle Securities Wealth Management increased its position in Anadarko Petroleum by 5.5% during the first quarter. Triangle Securities Wealth Management now owns 7,553 shares of the oil and gas development company’s stock worth $344,000 after buying an additional 395 shares during the last quarter. 87.05% of the stock is currently owned by hedge funds and other institutional investors.

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).

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