Anadarko Petroleum (NASDAQ:APC) Major Shareholder Holdings L.P. Blackstone Sells 124,600 Shares of Stock

Anadarko Petroleum Co. (NASDAQ:APC) major shareholder Holdings L.P. Blackstone sold 124,600 shares of the stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $16.40, for a total transaction of $2,043,440.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Anadarko Petroleum Trading Down 0.7%

APC traded down $0.12 during mid-day trading on Monday, hitting $16.11. 176,014 shares of the stock were exchanged, compared to its average volume of 169,415. The firm’s fifty day moving average is $19.06 and its two-hundred day moving average is $19.06. Anadarko Petroleum Co. has a 1-year low of $15.74 and a 1-year high of $21.72. The company has a market cap of $202.50 million and a PE ratio of 23.35. The company has a current ratio of 1.18, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09.

Anadarko Petroleum (NASDAQ:APC) last announced its quarterly earnings data on Thursday, August 6th. The oil and gas development company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.10). The firm had revenue of $1.84 billion during the quarter. The firm’s revenue for the quarter was up 27.4% on a year-over-year basis. Equities analysts forecast that Anadarko Petroleum Co. will post 0.95 earnings per share for the current fiscal year.

Anadarko Petroleum Increases Dividend

The firm also recently announced 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 annualized dividend and a yield of 12.4%. This is a boost from Anadarko Petroleum’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Tuesday, August 18th. Anadarko Petroleum’s dividend payout ratio is currently 289.86%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on APC. Weiss Ratings upgraded shares of Anadarko Petroleum from a “sell (e)” rating to a “hold (c)” rating in a research note on Tuesday, September 22nd. UBS Group cut their price target on Anadarko Petroleum from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday, August 12th. Zacks Research lowered Anadarko Petroleum from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. Finally, Mizuho upped their price target on shares of Anadarko Petroleum from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Anadarko Petroleum currently has a consensus rating of “Moderate Buy” and an average target price of $21.80.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Citadel Advisors LLC purchased a new position in Anadarko Petroleum during the second quarter worth about $4,579,000. State Street Corp purchased a new position in shares of Anadarko Petroleum in the 2nd quarter worth $2,536,000. Readystate Asset Management LP acquired a new position in Anadarko Petroleum in the second quarter valued at $1,696,000. Finally, Greenland Capital Management LP acquired a new stake in Anadarko Petroleum during the second quarter worth about $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 focused on finding, developing and producing crude oil, natural gas and natural gas liquids, with operations spanning onshore and offshore assets.

Anadarko’s U.S. activities included significant positions in the Delaware and DJ basins, the Gulf of Mexico and other domestic producing regions. Internationally, the company participated in exploration and development projects in countries including Algeria, Ghana, Mozambique and Peru.