American Express Approves Stock Repurchase and 4 Stocks At 52-Week Highs
Anadarko Petroleum Corporation (NYSE:APC): Closing price $87.29
The deepwater oil exploration and production firm in the Gulf of MexicoVenari Resources reported a major find at its Coronado prospect. The Coronado discovery, which spud on June 1, 2012, met in excess of 400 feet of net oil pay, and was drilled to a total depth of 31,866 feet in 6,127 feet of water, is around six miles from Venari’s Shenandoah discovery, which was previously announced on March 19. Venari holds a 10 percent working interest in Coronado. Venari and its co-owners, including Chevron Corporation, as operator with a 40 percent share, ConocoPhillips (NYSE:COP) with a 35 percent share and Anadarko Petroleum Corporation with a 15 percent interest, are evaluating the well results to calculate the full measure of the recoverable resource. Shares closed up 0.82 percent on Monday at $87.29, and have been traded in a 52-week range of $56.42 to $87.50.
American Water Works Company (NYSE:AWK): Closing price $40.87
American Water Resources, a subsidiary of American Water Works Company, which is the biggest publicly traded American water and wastewater utility company, reported that it has recently achieved 1 million customer contracts. The firm offers Water Line Protection, Sewer Line Protection, and In-Home Plumbing Emergency Programs to homeowners in 34 states. Shares closed up 0.35 percent on the day at $40.87, having been traded in a 52-week range of $32.75 to $41.00.
American Express (NYSE:AXP): Closing price $66.10
On Monday, the company’s board of directors okayed the buyback of as many as 150 million common shares, in accordance with its capital distribution plans submitted to the Federal Reserve and also subject to market conditions. This authorization supplants the previous 150 million-share repurchase program that had roughly 70 million shares of common stock remaining under board authorization. Beyond that, the board has declared a regular quarterly dividend of 20 cents per common share, payable on May 10th to shareholders of record as of April 5. Shares closed down 0.18 percent on the day at $66.10, and have been traded in a 52-week range of $53.02 to $66.43.
CMS Energy Corp. (NYSE:CMS): Closing price $27.21
CMS Energy’s subsidiary Consumers Energy, based in Michigan, will reduce natural gas fuel costs by 15 percent, effective April 1. Shares closed down 0.44 percent on Monday at $27.21, having been traded in a 52-week range of $21.35 to $27.55.
Covidien (NYSE:COV): Closing price $66.71
Covidien’s pharmaceuticals business Mallinckrodt said that it introduced the 36 and 54 milligram dosage strengths of Methylphenidate HCl Extended-Release Tablets USP, a generic version of Concerta. The two dosage strengths will be available alongside the 27 mg dosage strength. The 27 mg dosage strength was became available in December, when Mallinckrodt won approval from the FDA to make and market the tablets in 27, 36 and 54 mg dosage strengths. Shares closed up 0.11 percent on Monday at $66.71, and have been traded in a 52-week range of $50.25 to $66.81.