Public Employees Retirement Association of Colorado decreased its position in Apache Corp. (NYSE:APA) by 1.6% during the second quarter, Holdings Channel reports. The firm owned 234,595 shares of the energy company’s stock after selling 3,736 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Apache Corp. were worth $13,060,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Zions Bancorporation raised its position in Apache Corp. by 0.9% in the first quarter. Zions Bancorporation now owns 2,332 shares of the energy company’s stock worth $115,000 after buying an additional 21 shares during the period. Hartford Financial Management Inc. raised its position in Apache Corp. by 0.4% in the second quarter. Hartford Financial Management Inc. now owns 8,936 shares of the energy company’s stock worth $497,000 after buying an additional 35 shares during the period. Capstone Asset Management Co. raised its position in Apache Corp. by 0.5% in the second quarter. Capstone Asset Management Co. now owns 26,541 shares of the energy company’s stock worth $1,478,000 after buying an additional 133 shares during the period. Northstar Asset Management LLC raised its position in Apache Corp. by 2.0% in the second quarter. Northstar Asset Management LLC now owns 7,647 shares of the energy company’s stock worth $426,000 after buying an additional 150 shares during the period. Finally, Country Club Trust Company n.a. raised its position in Apache Corp. by 0.9% in the second quarter. Country Club Trust Company n.a. now owns 27,753 shares of the energy company’s stock worth $1,545,000 after buying an additional 237 shares during the period. Hedge funds and other institutional investors own 91.26% of the company’s stock.
Shares of Apache Corp. (NYSE:APA) traded down 0.08% during mid-day trading on Thursday, reaching $62.66. The company’s stock had a trading volume of 3,839,966 shares. Apache Corp. has a 12 month low of $32.20 and a 12 month high of $66.00. The company’s market cap is $23.77 billion. The company has a 50-day moving average of $58.51 and a 200-day moving average of $54.87.
Apache Corp. (NYSE:APA) last posted its 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. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Apache Corp. had a negative return on equity of 4.16% and a negative net margin of 261.91%. The business’s revenue for the quarter was down 38.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.22 earnings per share. Equities research analysts forecast that Apache Corp. will post ($0.71) earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 22nd. Stockholders of record on Friday, October 21st will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, October 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.59%. Apache Corp.’s dividend payout ratio is currently -2.78%.
A number of research firms have commented on APA. Wolfe Research upgraded Apache Corp. from an “underperform” rating to a “market perform” rating in a research note on Monday, September 12th. Jefferies Group restated a “sell” rating on shares of Apache Corp. in a research note on Thursday, August 11th. Citigroup Inc. lowered Apache Corp. from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $55.00 to $53.00 in a research note on Tuesday, August 9th. They noted that the move was a valuation call. Credit Suisse Group AG restated a “hold” rating and set a $67.00 price objective on shares of Apache Corp. in a research note on Monday, September 12th. Finally, Barclays PLC lowered Apache Corp. from an “overweight” rating to an “equal weight” rating and lifted 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. Three analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. Apache Corp. has a consensus rating of “Hold” and a consensus target price of $57.92.
In other 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 transaction of $204,514.64. Following the completion of the sale, the insider now directly owns 12,755 shares in the company, valued at $777,289.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.40% of the company’s stock.
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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