Brown Advisory Inc. decreased its stake in shares of Apache Corp. (NYSE:APA) by 7.1% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 20,057 shares of the energy company’s stock after selling 1,522 shares during the period. Brown Advisory Inc.’s holdings in Apache Corp. were worth $1,116,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in APA. Virginia Retirement System acquired a new position in Apache Corp. during the first quarter valued at $1,100,000. IFP Advisors Inc boosted its position in Apache Corp. by 44.8% in the first quarter. IFP Advisors Inc now owns 3,725 shares of the energy company’s stock valued at $182,000 after buying an additional 1,152 shares during the period. Pacad Investment Ltd. acquired a new position in Apache Corp. during the first quarter valued at $390,000. Ngam Advisors L.P. boosted its position in Apache Corp. by 14.1% in the first quarter. Ngam Advisors L.P. now owns 70,708 shares of the energy company’s stock valued at $3,451,000 after buying an additional 8,759 shares during the period. Finally, EagleClaw Capital Managment LLC boosted its position in Apache Corp. by 2.7% in the first quarter. EagleClaw Capital Managment LLC now owns 36,709 shares of the energy company’s stock valued at $1,791,000 after buying an additional 953 shares during the period. 91.25% of the stock is currently owned by institutional investors.
Shares of Apache Corp. (NYSE:APA) traded up 0.1341% during mid-day trading on Wednesday, reaching $59.6699. The company’s stock had a trading volume of 990,827 shares. The firm has a 50 day moving average price of $54.59 and a 200 day moving average price of $53.79. The firm’s market cap is $22.64 billion. Apache Corp. has a 52-week low of $32.20 and a 52-week high of $62.19.
Apache Corp. (NYSE:APA) last issued its quarterly earnings data on Thursday, August 4th. The energy company reported ($0.26) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.17) by $0.09. The business earned $1.38 billion during the quarter, compared to analyst estimates of $1.31 billion. Apache Corp. had a negative net margin of 261.91% and a negative return on equity of 4.16%. Apache Corp.’s revenue was down 38.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.22 earnings per share. On average, equities analysts predict that Apache Corp. will post ($0.71) EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 22nd. Investors of record on Friday, October 21st will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, October 19th. This represents a $1.00 dividend on an annualized basis and a yield of 1.68%. Apache Corp.’s payout ratio is -2.78%.
APA has been the topic of several research analyst reports. Credit Agricole SA initiated coverage on Apache Corp. in a research note on Wednesday, June 22nd. They set an “underperform” rating on the stock. Wells Fargo & Co. reissued an “outperform” rating on shares of Apache Corp. in a research note on Wednesday, July 6th. Jefferies Group reissued a “sell” rating on shares of Apache Corp. in a research note on Thursday, August 4th. Barclays PLC cut Apache Corp. from an “overweight” rating to an “equal weight” rating and boosted their price target for the company from $45.00 to $49.00 in a research note on Friday, August 5th. They noted that the move was a valuation call. Finally, Citigroup Inc. cut Apache Corp. from a “buy” rating to a “neutral” rating and lowered their price target for the company from $55.00 to $53.00 in a research note on Tuesday, August 9th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and nine have given a buy rating to the stock. Apache Corp. currently has a consensus rating of “Hold” and an average price target of $57.92.
In related news, insider Rebecca A. Hoyt sold 3,356 shares of the stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $60.94, for a total value of $204,514.64. Following the sale, the insider now directly owns 12,755 shares of the company’s stock, valued at approximately $777,289.70. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.40% of the stock is currently owned by corporate insiders.
Apache Corp. Company Profile
Apache Corporation (Apache) is an independent energy company. Both domestically and internationally, the Company explores for, develops and produces natural gas, crude oil and natural gas liquids. The Company has exploration and production interests in four countries: the United States, Canada, Egypt, and the United Kingdom (North Sea).
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