APC - Anadarko Petroleum Corporation

NYSE - NYSE Delayed Price. Currency in USD
73.12
+0.01 (+0.01%)
At close: 4:00PM EDT

73.12 0.00 (0.00%)
After hours: 5:13PM EDT

Stock chart is not supported by your current browser
Previous Close73.11
Open73.22
Bid73.20 x 1000
Ask73.29 x 1200
Day's Range72.89 - 73.30
52 Week Range40.40 - 76.23
Volume6,286,562
Avg. Volume12,629,001
Market Cap36.736B
Beta (3Y Monthly)1.57
PE Ratio (TTM)76.97
EPS (TTM)0.95
Earnings DateJul 29, 2019 - Aug 2, 2019
Forward Dividend & Yield1.20 (1.64%)
Ex-Dividend Date2019-06-11
1y Target Est71.32
Trade prices are not sourced from all markets
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  • Despite Moving Higher, Exxon Stock Still Underperforms
    InvestorPlace16 hours ago

    Despite Moving Higher, Exxon Stock Still Underperforms

    ExxonMobil (NYSE:XOM) stock has so far enjoyed a good 2019. Coming off the stock market selloff of last fall, Exxon stock has risen by about 15% since the first of the year.Source: Shutterstock However, the stock has remained on a long-term downtrend since oil prices peaked more than five years ago. Although oil trades much higher than its 2016 lows, sectors such as natural gas, refining, and chemicals continue to hold ExxonMobil down.Until more of its segments see better pricing, XOM stock will struggle to rally far beyond current levels.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Exxon Stock Keeps Moving SidewaysBy segments, I do not necessarily mean oil. Yes, XOM has experienced some disruption from Tropical Strom Barry in the Gulf of Mexico. The temporary shutdown in offshore drilling could have an impact on earnings and perhaps create a buying opportunity in the stock. * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond However, that does not necessarily mean traders will want to take advantage. Admittedly, I liked Exxon when I covered it back in early January. It then traded at around $72 per share and had begun to recover from the stock slump that hit the market just before Christmas. Since that time, it has had ups and downs but now trades at $78 per share.Still, what concerns me most about XOM stock is the fact that it never recovered from the mid-decade slump in oil prices. In the spring of 2014, the XOM stock price had topped $100 per share. Granted, at that time, oil prices had often topped $100 per barrel. Since oil prices had fallen below $30 per barrel by 2016, one can understand the subsequent drop in ExxonMobil stock.However, oil prices have recovered to about $60 per barrel today. XOM stock remains at about the same high-$70s per share range where it traded in early 2016. In that same time, its closest peer, Chevron (NYSE:CVX) has risen by more than 50%. Chevron and Exxon StockXOM stock is clearly not a terrible investment. It remains a diversified business that can earn profits and increase dividends regardless of oil prices. The company generated just over $36 billion in free cash flow in 2018. Moreover, its 4.5% dividend yield and 36-year track record of payout hikes remain a testament to its stability.Furthermore, ExxonMobil leads the world in refining and polyethylene production. It also remains the leading natural gas producer in the country. With natural gas, Chevron lags much smaller players such as Chesapeake Energy (NYSE:CHK), Anadarko Petroleum (NYSE:APC), and Devon Energy (NYSE:DVN).However, except on dividend yield and production levels, it finds itself continuously outmatched by Chevron. Moreover, according to Barron's, ExxonMobil will have to spend 75% more to increase its oil-equivalent production. It also faces weak margins in refining and chemicals in addition to low natural gas prices.Furthermore, both Exxon stock and Chevron trade at about the same price-to-earnings (PE) ratio. ExxonMobil's PE ratio stands at about 17.9 compared with 17.3. Both will see shrinking profits this year.However, analysts forecast a 21.3% decline for XOM. They predict a drop of 4.4% for Chevron. Chevron also looks poised for higher growth when earnings begin to increase for both companies. Although holders of XOM stock may earn more dividend income, Chevron stock will probably benefit more from its comparatively higher growth. Final Thoughts on Exxon StockDespite a surge in recent months, underperformance continues to define XOM stock. ExxonMobil has risen this year. However, the equity remains in a long-term downtrend.Although a storm in the Gulf may have only temporary effects on drilling, XOM investors will probably have to worry about low price levels in segments such as natural gas and refining for a longer period. Moreover, its archrival Chevron continues to grow faster and outperform ExxonMobil on most financial metrics.At current levels, XOM can offer relative stability and a generous dividend payout, but little else.As of this writing, Will Healy is long CHK stock. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy for Less Than Book * 7 Marijuana Stocks With Critical Levels to Watch * The 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond The post Despite Moving Higher, Exxon Stock Still Underperforms appeared first on InvestorPlace.

  • Tropical Storm Barry puts oil refining in the Gulf Coast at risk
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  • Occidental Petroleum (OXY) Board Approves 1.3% Dividend Hike
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  • ACCESSWIRE4 days ago

    INVESTOR RIGHTS ALERT: Halper Sadeh LLP Continues Investigating Whether The Sale Of These Companies Is Fair To Shareholders; Investors Are Encouraged To Contact The Firm - TOWR, MCRN, APC

    NEW YORK, NY / ACCESSWIRE / July 12, 2019 / Halper Sadeh LLP, a global investor rights law firm, continues to investigate Tower International, Inc. (NYSE: TOWR), Milacron Holdings Corp. (NYSE: MCRN), and ...

  • AT&T Is Not Worth Buying Just for Its 6% Yield
    InvestorPlace4 days ago

    AT&T Is Not Worth Buying Just for Its 6% Yield

    InvestorPlace's Brett Kenwell recently suggested that AT&T (NYSE:T) was a good buy at $32. Although Brett views the 6% yield on T stock as very attractive, he believes investors interested in buying the company's stock can get a better entry point in the low $30s. Source: Shutterstock InvestorPlace - Stock Market News, Stock Advice & Trading TipsI'm not a fan of T stock primarily because of its debt. However, any time you can buy a stock for less, I think you should try to do so.Kenwell argues that despite having $167 billion in debt -- most of which was added to buy Time Warner -- the cash flow the content creator delivered to AT&T more than makes up for the additional leverage. And let's not forget once more that juicy 6% yield -- a dividend payment that has been increased for 35 straight years -- makes America's largest wireless carrier an income investor's dream stock. * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond I'm here to say that investors should never buy AT&T stock for its 6% yield. Here's why. Can You Do Better?Of the 505 S&P 500 stocks (that includes dual classes), AT&T has the 10th highest dividend yield according to Finviz.com. Currently, AT&T's debt represents 68% of its market cap.I would argue that if any of the nine S&P 500 stocks with a higher yield than T stock have less debt as a percentage of their market cap, you ought to at least consider those stocks if you are focused on income rather than capital appreciation. After looking at each of the nine stocks possessing higher dividend yields, none of the stocks are in any better shape from a debt perspective than AT&T. Occidental Petroleum (NYSE:OXY) would have been if not for its pending $57 billion acquisition of Anadarko Petroleum (NYSE:APC) adding $30 billion in debt. Its debt post-acquisition will account for more than 100% of its market cap, although it does plan to sell some non-core assets to bring down leverage. So, at least from a higher yield perspective, you can't get an S&P 500 stock that delivers a better yield without sacrificing the quality of cash flow, etc.However, if you include all stocks with a market cap of $2 billion or higher, I'm confident you could find a stock with a stronger balance sheet. According to Finviz, 195 stocks have a dividend yield of 5% or higher. I found a couple of examples that fit the bill. Example 1: BCEBeing from Canada, I just had to pick a Canadian stock. BCE (NYSE:BCE), one of Canada's largest media companies, currently yields 5.1%. At the end of March, it had $21 billion in short and long-term debt, which represents 50% of its current market cap of $41.5 billion. It is very similar to the new AT&T in that it also has a media division that owns TV and radio stations, cable networks, and Pay TV channels. It's one of Canada's most successful content creators. Although it can't hold a candle to Time Warner in terms of both the amount of content and the revenue generation, it does provide its wireless and landline businesses with excellent opportunities for cross-promotion.Is it worth giving up 90 basis points of yield for significantly less debt? If you're an income investor, I think it is. Example 2: Kohl'sThis second example, if you're a current AT&T shareholder, will probably make you laugh, but that's okay. I'm not here to evaluate the merits of which sector is a better investment. I'm merely pointing out stocks with better debt profiles that have a high dividend yield. I'm speaking about Kohl's (NYSE:KSS), the value-priced department store with more than 1,100 locations in 49 states. Sure, retail's still got a lot of weakness, but overall, I think the future remains positive despite the brick-and-mortar store closures over the past two years. As I write this, Kohl's dividend yield is 5.6%, 40 basis points less than AT&T. However, its $1.9 billion in debt is only 24% of its current market cap of $7.8 billion. Its yield is higher than usual due to a 21% decline in its stock price year to date through July 10 (a 27% drop including dividends). While Kohl's can't hold a candle to AT&T's cash flow, it generated $1.9 billion over the trailing 12 months through May 4, despite a 3.4% decline in its same-store sales in the first quarter and a 2.9% decrease in overall revenues. Despite the unusually slow start to its fiscal year, Kohl's expects earnings per share of at least $5.80 in fiscal 2019, a forward P/E of just 8.3.From where I sit, Kohl's provides an attractive dividend yield with better upside potential than AT&T. The Bottom Line on T StockAs I said in the beginning, I'm not a fan of AT&T because of its debt. However, if you own it merely for the dividend yield, you might want to reconsider your reasoning. Owning a stock for its yield alone is never a good idea. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy for Less Than Book * 7 Marijuana Stocks With Critical Levels to Watch * The 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond The post AT&T Is Not Worth Buying Just for Its 6% Yield appeared first on InvestorPlace.

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  • Top Anadarko exec to nab $98M golden parachute from Occidental deal
    American City Business Journals4 days ago

    Top Anadarko exec to nab $98M golden parachute from Occidental deal

    Other named executives will also take home tens of millions of dollars after Occidental's acquisition of Anadarko closes.

  • Coming home: Chevron’s Houston leader returns to Texas amid Anadarko bidding war
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  • Anadarko shareholders to vote next month on Occidental deal
    Reuters5 days ago

    Anadarko shareholders to vote next month on Occidental deal

    Anadarko Petroleum Corp shareholders will vote Aug. 8 on the oil and gas producer's planned $38 billion sale to Occidental Petroleum Corp - the biggest oil and gas deal of the year. Occidental avoided its own shareholder vote on the deal by securing a controversial $10 billion financing agreement with Warren Buffett's Berkshire Hathaway, which allowed it to raise the cash portion of its offer. While an Anadarko holders' vote for the proposed deal is very likely, the price has angered several Occidental investors, including billionaire activist Carl Icahn, who has called for a special meeting to replace four Occidental directors.

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  • U.S. oil companies slash Gulf of Mexico production as storm bears down
    Reuters6 days ago

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  • Markit7 days ago

    See what the IHS Markit Score report has to say about Anadarko Petroleum Corp.

    Anadarko Petroleum Corp NYSE:APCView full report here! Summary * Perception of the company's creditworthiness is positive * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for APC with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting APC. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $4.77 billion over the last one-month into ETFs that hold APC are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS MarkitThere is no PMI sector data available for this security. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. APC credit default swap spreads are near the lowest level of the last three years and indicate the market's continued positive perception of the company's credit worthiness.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • Mozambique Delays Raising $2.3 Billion for Anadarko Gas Project
    Bloomberg7 days ago

    Mozambique Delays Raising $2.3 Billion for Anadarko Gas Project

    (Bloomberg) -- Mozambique has put on hold plans to raise funds for its portion of Anadarko Petroleum Corp.’s $20 billion gas project, as the government tries to limit its debt sales following a default about three years ago.Empresa Nacional de Hidrocarbonetos EP, the national oil company, will revive efforts to raise $2.3 billion for the liquefied natural gas project probably later in the year, after Anadarko starts implementing it, said ENH Chief Executive Officer Omar Mitha. That will help reduce risk and result in better terms, he said.“We’ll go back to the market to seek funding” when conditions become more attractive, Mitha said Wednesday in an interview in the Mozambican capital, Maputo. ENH picked Lion’s Head Global Partners LLP to advise on the financing.Anadarko sees the Mozambican project among the largest global LNG suppliers, and helping to transform the economy of one of the world’s poorest countries. The project could also help the government recover from a debt scandal that forced it to restructure bonds.Sovereign GuaranteeEach partner, including ENH, is pursuing its own path to fund its equity-share of the project, Anadarko said in an emailed response to questions. “This is independent of, and has no impact on the debt that the project is raising,” it said.The government has approved a guarantee for ENH to raise the funds, and now awaits additional endorsements from lawmakers and the attorney-general, according to finance ministry spokesman, Rogerio Nkomo. Approvals related to sovereign debt became more rigorous in Mozambique after the International Monetary Fund in 2016 discovered that the government failed to declare $1.2 billion of loans.In May, the authorities agreed with a core group of bondholders to reorganize $726.5 million of bonds by Sept. 1 under terms which will no longer require payments to be tied to the nation’s future natural-gas revenue. Sovereign debt is expected to be one of the political-campaign issues ahead of Mozambique’s general elections scheduled for October.The government’s debt profile probably made it difficult for ENH to raise money from the global markets, even with a sovereign guarantee, Darias Jonker, Africa Director at Eurasia Group, said by phone.“It makes sense that they will wait a while and restructure the debt so the country’s credit rating can improve and then refinance on more favorable terms,” Jonker said. "It’s one less reason for them to move fast."(Adds Mozambique’s election in seventh paragraph.)To contact the reporters on this story: Borges Nhamire in Maputo at bnhamire@bloomberg.net;Matthew Hill in Maputo at mhill58@bloomberg.netTo contact the editors responsible for this story: David Malingha at dmalingha@bloomberg.net, Vernon WesselsFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Rigzone.com7 days ago

    Mozambique Delays Raising $2.3B for APC Project

    Mozambique has put on hold plans to raise funds for its portion of Anadarko Petroleum Corp.'s $20 billion gas project.