Anadarko Petroleum (NASDAQ:APC) Shares Pass Above 200-Day Moving Average – Time to Sell?

Anadarko Petroleum Co. (NASDAQ:APC)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $19.13 and traded as high as $19.16. Anadarko Petroleum shares last traded at $18.98, with a volume of 142,788 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Mizuho lifted their price objective on Anadarko Petroleum from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, July 28th. Weiss Ratings reissued a “sell (e)” rating on shares of Anadarko Petroleum in a research report on Tuesday, August 25th. UBS Group cut their price target on shares of Anadarko Petroleum from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, August 12th. Finally, Zacks Research cut shares of Anadarko Petroleum from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Anadarko Petroleum has an average rating of “Hold” and an average target price of $21.80.

Anadarko Petroleum Stock Performance

The stock has a 50 day simple moving average of $19.39 and a 200 day simple moving average of $19.13. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 1.09. The company has a market cap of $233.68 million and a price-to-earnings ratio of 26.94.

Anadarko Petroleum (NASDAQ:APC) last posted its earnings results on Thursday, August 6th. The oil and gas development company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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. As a group, analysts predict that Anadarko Petroleum Co. will post 0.95 EPS for the current year.

Anadarko Petroleum Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Tuesday, August 18th were issued a $0.50 dividend. The ex-dividend date was Tuesday, August 18th. This represents a $2.00 dividend on an annualized basis and a yield of 10.8%. This is a boost from Anadarko Petroleum’s previous quarterly dividend of $0.26. Anadarko Petroleum’s dividend payout ratio (DPR) is currently 289.86%.

Institutional Trading of Anadarko Petroleum

Hedge funds have recently made changes to their positions in the company. Citadel Advisors LLC purchased a new position in shares of Anadarko Petroleum in the second quarter valued at $4,579,000. Readystate Asset Management LP acquired a new position in Anadarko Petroleum in the 2nd quarter worth $1,696,000. Finally, Greenland Capital Management LP purchased a new position in Anadarko Petroleum in the 2nd quarter valued at 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.