Anadarko Petroleum Co. (NYSE:APC) had its price objective dropped by investment analysts at Jefferies Group to $53.00 in a report issued on Monday, StockTargetPrices.com reports. The firm currently has a “buy” rating on the oil and gas development company’s stock. Jefferies Group’s price target points to a potential upside of 35.58% from the company’s current price.

In related news, Director Peter J. Fluor acquired 50,000 shares of the firm’s stock in a transaction on Friday, November 13th. The shares were acquired at an average cost of $60.82 per share, for a total transaction of $3,041,000.00. Following the completion of the transaction, the director now directly owns 79,758 shares in the company, valued at approximately $4,850,881.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Peter J. Fluor acquired 25,000 shares of the firm’s stock in a transaction on Thursday, January 7th. The shares were bought at an average price of $41.19 per share, for a total transaction of $1,029,750.00. Following the completion of the transaction, the director now owns 104,758 shares of the company’s stock, valued at $4,314,982.02. The disclosure for this purchase can be found here.

Other large investors have modified their holdings of the company. Russell Frank Co increased its stake in shares of Anadarko Petroleum by 18.4% in the fourth quarter. Russell Frank Co now owns 2,361,704 shares of the oil and gas development company’s stock valued at $114,312,000 after buying an additional 367,055 shares during the last quarter. Janus Capital Management increased its stake in shares of Anadarko Petroleum by 2.1% in the third quarter. Janus Capital Management now owns 1,758,565 shares of the oil and gas development company’s stock valued at $106,210,000 after buying an additional 35,349 shares during the last quarter. Cambiar Investors LLC increased its stake in shares of Anadarko Petroleum by 67.1% in the fourth quarter. Cambiar Investors LLC now owns 1,653,658 shares of the oil and gas development company’s stock valued at $80,335,000 after buying an additional 664,116 shares during the last quarter. Sarasin & Partners increased its stake in shares of Anadarko Petroleum by 49.9% in the fourth quarter. Sarasin & Partners now owns 1,608,962 shares of the oil and gas development company’s stock valued at $78,163,000 after buying an additional 535,723 shares during the last quarter. Finally, California State Teachers Retirement System increased its stake in shares of Anadarko Petroleum by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 971,261 shares of the oil and gas development company’s stock valued at $47,184,000 after buying an additional 15,379 shares during the last quarter.

Several other research firms also recently commented on APC. BMO Capital Markets dropped their target price on Anadarko Petroleum from $100.00 to $85.00 in a report on Wednesday, October 7th. KLR Group dropped their target price on Anadarko Petroleum from $104.00 to $97.00 in a report on Thursday, October 15th. Zacks Investment Research raised Anadarko Petroleum from a “hold” rating to a “buy” rating and set a $81.00 target price on the stock in a report on Monday, October 26th. Oppenheimer downgraded Anadarko Petroleum from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $86.31 to $95.00 in a report on Thursday, October 29th. Finally, Guggenheim downgraded Anadarko Petroleum from a “buy” rating to a “neutral” rating in a report on Monday, November 2nd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $81.20.

Anadarko Petroleum (NYSE:APC) traded down 3.50% on Monday, reaching $37.72. The company had a trading volume of 2,865,961 shares. The stock’s market capitalization is $19.17 billion. Anadarko Petroleum has a 12-month low of $28.16 and a 12-month high of $95.94. The stock’s 50-day moving average price is $42.07 and its 200-day moving average price is $61.59.

Anadarko Petroleum Corporation is an independent exploration and production company. The Company is engaged in the exploration, development, production, and marketing of natural gas, oil, condensate, natural gas liquids (NYSE:APC), and anticipated production of liquefied natural gas (LNG). Its assets include United States onshore resource plays in the Rocky Mountains area, the southern United States, the Appalachian basin, and Alaska. The Company has three segments: Oil and gas exploration and production, Midstream and Marketing. Oil and gas exploration and production segment explores for and produces natural gas, oil, condensate, and NGLs, and plans for the development and operation of its LNG project. Midstream segment engages in gathering, processing, treating, and transporting oil, natural-gas, and NGLs production. Marketing segment sells oil, natural-gas, and NGLs production. The Company is also an independent producer in the deepwater Gulf of Mexico.

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