Shares of Anadarko Petroleum Corp. (NYSE:APC) was the target of some unusual options trading on Thursday. Investors purchased 24,964 call options on the company, Analyst Ratings Network.com reports. This is an increase of approximately 105% compared to the average volume of 12,170 call options.
In other Anadarko Petroleum Corp. news, Director John Gordon sold 20,000 shares of the stock on the open market in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $92.50, for a total transaction of $1,850,000.00. Following the completion of the sale, the director now directly owns 164,543 shares in the company. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of research firms have recently commented on APC. Analysts at Sanford C. Bernstein raised their price target on shares of Anadarko Petroleum Corp. (NYSE:APC) from $98.00 to $105.00 in a research note to investors on Friday, September 6th. They now have an “outperform” rating on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Anadarko Petroleum Corp. (NYSE:APC) in a research note to investors on Tuesday, August 27th. They now have a $108.00 price target on the stock, up previously from $105.00. Finally, analysts at Guggenheim raised their price target on shares of Anadarko Petroleum Corp. (NYSE:APC) from $120.00 to $122.00 in a research note to investors on Monday, August 26th. They now have a “buy” rating on the stock.
Three analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Anadarko Petroleum Corp. presently has a consensus rating of “Buy” and an average price target of $105.39.
Anadarko Petroleum Corp. (NYSE:APC) traded up 0.91% on Thursday, hitting $95.53. 3,342,823 shares of the company’s stock traded hands. Anadarko Petroleum Corp. has a 1-year low of $65.82 and a 1-year high of $94.67. The stock has a 50-day moving average of $90.52 and a 200-day moving average of $87.14. The company has a market cap of $48.023 billion and a price-to-earnings ratio of 27.93.
Anadarko Petroleum Corp. (NYSE:APC) last posted its quarterly earnings results on Monday, July 29th. The company reported $1.05 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.91 by $0.14. The company had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.55 billion. During the same quarter in the prior year, the company posted $0.85 earnings per share. The company’s quarterly revenue was up 8.5% on a year-over-year basis. On average, analysts predict that Anadarko Petroleum Corp. will post $4.48 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 25th. Investors of record on Wednesday, September 11th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Monday, September 9th. This is an increase from Anadarko Petroleum Corp.’s previous quarterly dividend of $0.09.
Anadarko Petroleum Corporation (NYSE:APC) is an independent exploration and production company.
