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Anadarko Petroleum Stock in the Coming Weeks

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Apr. 23 2018, Updated 2:10 p.m. ET

Anadarko Petroleum stock

Since late 2017, Anadarko Petroleum (APC) stock has mainly been in an uptrend. The stock has tracked crude oil prices (USO) (UCO).

On a YoY (year-over-year) basis, Anadarko Petroleum stock has risen ~10%. In comparison, the Energy Select Sector SPDR ETF (XLE) has increased ~6.9% during the same period, while the S&P 500 SPDR ETF (SPY) has risen 15.6%.

Crude oil prices have increased ~30.6% on a YoY basis.

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Key highlights and announcements since 4Q17

In September 2017, Anadarko Petroleum announced a $2.5-billion share repurchase program, which expanded by $500 million in February 2018. During 4Q17, Anadarko Petroleum executed ~$1.1 billion of its $2.5-billion share repurchase program. In February 2018, Anadarko Petroleum repurchased 8.5 million shares for another $500 million. Since September, Anadarko Petroleum stock has risen 48%.

In February 2018, Anadarko Petroleum announced a 400% increase in its quarterly cash dividend to $0.25 per share. The stock rose 2% after the company made the announcement. Anadarko Petroleum intends to reduce its outstanding debt by more than $1.0 billion by retiring 2018 and 2019 debt maturities.

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