Anadarko Petroleum Co. (APC) Plans $0.30 Quarterly Dividend

Anadarko Petroleum Co. (NYSE:APC) declared a quarterly dividend on Wednesday, May 15th, RTT News reports. Shareholders of record on Wednesday, June 12th will be given a dividend of 0.30 per share by the oil and gas development company on Wednesday, June 26th. This represents a $1.20 annualized dividend and a yield of 1.65%.

Anadarko Petroleum has decreased its dividend by an average of 0.9% annually over the last three years. Anadarko Petroleum has a payout ratio of 40.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Anadarko Petroleum to earn $3.90 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 30.8%.

APC stock traded down $0.09 during mid-day trading on Wednesday, hitting $72.87. The stock had a trading volume of 9,110,986 shares, compared to its average volume of 9,415,301. Anadarko Petroleum has a 52 week low of $40.40 and a 52 week high of $76.70. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.51. The firm has a market cap of $36.54 billion, a P/E ratio of 32.24, a P/E/G ratio of 4.20 and a beta of 1.83.

Anadarko Petroleum (NYSE:APC) last posted its quarterly earnings results on Thursday, April 25th. The oil and gas development company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.23. Anadarko Petroleum had a net margin of 3.53% and a return on equity of 10.24%. The company had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $2.91 billion. During the same period last year, the company posted $0.52 EPS. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. Equities analysts predict that Anadarko Petroleum will post 2.66 EPS for the current year.

Several brokerages have issued reports on APC. Zacks Investment Research raised Anadarko Petroleum from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a research report on Tuesday, April 16th. Cowen restated a “buy” rating and issued a $71.00 price target on shares of Anadarko Petroleum in a research report on Wednesday, April 17th. Stifel Nicolaus cut Anadarko Petroleum from a “buy” rating to a “hold” rating and boosted their price target for the company from $68.00 to $76.00 in a research report on Tuesday, May 7th. Johnson Rice cut Anadarko Petroleum from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Finally, Susquehanna Bancshares restated a “neutral” rating and issued a $65.00 price target (up previously from $62.00) on shares of Anadarko Petroleum in a research report on Wednesday, April 17th. One analyst has rated the stock with a sell rating, twenty-one have given a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $70.19.

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About Anadarko Petroleum

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).

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Dividend History for Anadarko Petroleum (NYSE:APC)

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