Anadarko Petroleum Stock in the Coming Weeks



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.

Article continues below advertisement

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.


More From Market Realist