Leading stocks in today's market: Anadarko Petroleum Corporation (NYSE:APC)

Tammy Harvey
March 10, 2017

The present market cap reflects only on the equity of NYSE:APC Independent Oil & Gas and is vital to note that the firm's choice of capital structure holds a substantial impact on how the aggregate value of the company allocated within the equity and debt. In Gulf of Mexico, the company anticipates to benefit from a full year of production from the recently acquired Freeport-McMoRan properties, which doubled its sales volumes to more than 160,000 BOE per day at the end of 2016. Finally, Royal Bank Of Canada lifted their price target on Anadarko Petroleum Corporation from $66.00 to $70.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 13th. Mitsubishi UFJ Financial Group lowered Anadarko Petroleum from an "overweight" rating to a "neutral" rating and lifted their target price for the company from $64.00 to $72.00 in a research report on Friday, January 20th. The correct version of this piece can be accessed at https://baseballnewssource.com/markets/anadarko-petroleum-co-apc-given-buy-rating-at-instinet/494150.html. FUKOKU MUTUAL LIFE INSURANCE Co raised its stake in shares of Anadarko Petroleum by 11.2% in the fourth quarter.

Anadarko Petroleum Corporation (NYSE:APC) was among the mix trends movers as shares moved down -0.14% to $63.16. Anadarko Petroleum has a 12 month low of $40.02 and a 12 month high of $73.33. The number of times the company has met analysts' estimates is 1.

A major oil and gas company plans to spend another $840 million on its operations in Colorado this year. Northwestern Mutual Investment Management Company LLC increased its position in shares of Anadarko Petroleum Corporation by 0.3% in the second quarter. The company's stock is moving with the distance from SMA 50 of -10.53 Percent while the distance from 200-day simple moving average for the stock is 0.78 percent. Its share price has risen 6.63% in three months and is down -2.94% for the last five trades. The last session's volume of 8.00 million shares was higher than its average volume of 4.38 million shares. Schwab Charles Investment Management Inc. boosted its position in Anadarko Petroleum by 3.9% in the second quarter. The company had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.32 billion.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 28th. Stockholders of record on Wednesday, March 8th will be given a $0.05 dividend. The ex-dividend date of this dividend was Monday, December 12th. The stock is up 6.61% in this year through last close, and the beta ratio has a value of 1.14. This represents a $0.20 annualized dividend and a dividend yield of 0.33%. The firm's revenue for the quarter was up 16.3% on a year-over-year basis. Wealthfront Inc. now owns 11,024 shares of the oil and gas development company's stock valued at $587,000 after buying an additional 1,278 shares in the last quarter. The Company's segments include Oil and Gas Exploration & Production; Midstream, and Marketing. Anadarko Petroleum Corporation's dividend payout ratio (DPR) is presently -2.68%.

The Oil and Gas Exploration & Production segment explores for and produces oil, condensate, natural gas and natural gas liquids (NGLs), and focuses on the development and operation of the Company's liquefied natural gas (LNG) project in Mozambique. In 2017, the company expects to invest approximately $770 million in its deepwater and worldwide exploration program and LNG project in Mozambique.

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