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Independent integrated oil producer Anadarko Petroleum Corporation ( APC ) late Monday posted better-than-expected first quarter earnings results, helped by strong crude prices.

The company, which is headquartered in The Woodlands, Texas, reported first quarter net income of $2.156 billion, or $4.28 per share, compared with $216 million, or 43 cents per share, in the year-ago period. Excluding one-time items, adjusted profit was 92 cents per share.

Revenue rose 6% from last year to $3.447 billion.

On average, Wall Street analysts expected a smaller profit of 83 cents per share, on slightly lower revenue of $3.42 billion.

Anadarko shares closed down 58 cents, or -0.8%, in Monday trading.

The Bottom Line
Shares of Anadarko Petroleum ( APC ) have a .49% dividend yield, based on today's closing stock price of $73.21. The stock has technical support in the $65-$70 price area. If the shares can firm up, we see overhead resistance around the $76-$80 price levels.

Anadarko Petroleum Corporation ( APC ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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