Holdings L.P. Blackstone Sells 25,000 Shares of Anadarko Petroleum (NASDAQ:APC) Stock

Anadarko Petroleum Co. (NASDAQ:APCGet Free Report) major shareholder Holdings L.P. Blackstone sold 25,000 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $19.00, for a total value of $475,000.00. Following the completion of the sale, the insider directly owned 125,000 shares of the company’s stock, valued at $2,375,000. This represents a 16.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Anadarko Petroleum Stock Performance

Shares of NASDAQ APC opened at $20.96 on Thursday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market cap of $263.47 million, a price-to-earnings ratio of 91.13, a P/E/G ratio of 5.64 and a beta of 1.64. The business’s 50-day simple moving average is $18.60 and its 200-day simple moving average is $49.12. Anadarko Petroleum Co. has a 52 week low of $17.00 and a 52 week high of $21.72.

Anadarko Petroleum (NASDAQ:APCGet Free Report) last posted its earnings results on Thursday, May 7th. The oil and gas development company reported $0.20 earnings per share for the quarter, hitting the consensus estimate of $0.20. The firm had revenue of $1.34 billion during the quarter. Anadarko Petroleum had a positive return on equity of 10.49% and a negative net margin of 4.20%.The business’s quarterly revenue was down .2% on a year-over-year basis. As a group, equities research analysts expect that Anadarko Petroleum Co. will post 1.97 earnings per share for the current fiscal year.

Anadarko Petroleum Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, April 21st. Stockholders of record on Friday, April 10th were paid a $0.26 dividend. The ex-dividend date was Friday, April 10th. Anadarko Petroleum’s payout ratio is presently 452.17%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on APC. Mizuho initiated coverage on shares of Anadarko Petroleum in a research note on Monday, March 9th. They issued a “neutral” rating and a $20.00 target price on the stock. UBS Group began coverage on shares of Anadarko Petroleum in a research report on Monday, March 9th. They set a “buy” rating and a $22.00 target price for the company. Capital One Financial initiated coverage on shares of Anadarko Petroleum in a report on Monday, March 9th. They set an “overweight” rating and a $21.00 price target for the company. Raymond James Financial initiated coverage on Anadarko Petroleum in a research report on Monday, March 9th. They issued a “strong-buy” rating and a $23.00 price target on the stock. Finally, Stifel Nicolaus initiated coverage on Anadarko Petroleum in a research note on Monday, March 9th. They issued a “buy” rating and a $22.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Anadarko Petroleum presently has a consensus rating of “Moderate Buy” and an average price target of $21.60.

View Our Latest Research Report on APC

About Anadarko Petroleum

(Get Free Report)

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.

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