North Star Asset Management Inc. maintained its stake in Apache Corp. (NYSE:APA) during the second quarter, Holdings Channel reports. The institutional investor owned 4,845 shares of the energy company’s stock at the end of the second quarter. North Star Asset Management Inc.’s holdings in Apache Corp. were worth $236,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the company. NN Investment Partners Holdings N.V. purchased a new stake in Apache Corp. during the first quarter valued at approximately $107,000. Zions Bancorporation boosted its stake in Apache Corp. by 0.9% in the first quarter. Zions Bancorporation now owns 2,332 shares of the energy company’s stock valued at $115,000 after buying an additional 21 shares during the period. Williams Jones & Associates LLC purchased a new stake in Apache Corp. during the first quarter valued at approximately $120,000. JNBA Financial Advisors boosted its stake in Apache Corp. by 99.1% in the second quarter. JNBA Financial Advisors now owns 2,578 shares of the energy company’s stock valued at $144,000 after buying an additional 1,283 shares during the period. Finally, Sabal Trust CO purchased a new stake in Apache Corp. during the second quarter valued at approximately $202,000. Institutional investors own 91.26% of the company’s stock.
Shares of Apache Corp. (NYSE:APA) traded down 0.724% on Wednesday, reaching $62.415. 2,249,313 shares of the company’s stock were exchanged. The firm’s 50 day moving average price is $58.25 and its 200-day moving average price is $54.81. The company’s market capitalization is $23.68 billion. Apache Corp. has a 12 month low of $32.20 and a 12 month high of $66.00.
Apache Corp. (NYSE:APA) last issued its quarterly earnings results on Thursday, August 4th. The energy company reported ($0.26) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.17) by $0.09. Apache Corp. had a negative net margin of 261.91% and a negative return on equity of 4.16%. The business earned $1.38 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the previous year, the company posted $0.22 earnings per share. Apache Corp.’s revenue was down 38.5% compared to the same quarter last year. On average, equities analysts anticipate that Apache Corp. will post ($0.71) EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 22nd. Shareholders of record on Friday, October 21st will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend is Wednesday, October 19th. Apache Corp.’s payout ratio is -2.78%.
Several analysts have recently commented on the stock. Credit Agricole SA assumed coverage on shares of Apache Corp. in a research note on Wednesday, June 22nd. They issued an “underperform” rating for the company. Jefferies Group restated a “sell” rating on shares of Apache Corp. in a research note on Thursday, August 4th. Barclays PLC raised their target price on shares of Apache Corp. from $50.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 13th. Morgan Stanley restated a “hold” rating and issued a $69.00 target price on shares of Apache Corp. in a research note on Monday, September 26th. Finally, Vetr upgraded shares of Apache Corp. from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research note on Wednesday, August 10th. Three analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $57.92.
In other Apache Corp. news, insider Rebecca A. Hoyt sold 3,356 shares of the company’s 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 completion of 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 Securities & Exchange Commission, which is available through this hyperlink. 0.40% of the stock is currently owned by company 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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