North Star Asset Management Inc. lowered its position in Apache Corp. (NYSE:APA) by 3.1% during the second quarter, Holdings Channel reports. The fund owned 4,695 shares of the energy company’s stock after selling 150 shares during the period. North Star Asset Management Inc.’s holdings in Apache Corp. were worth $261,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Orbis Allan Gray Ltd acquired a new position in Apache Corp. during the first quarter worth about $746,349,000. Dodge & Cox raised its position in shares of Apache Corp. by 12.5% in the first quarter. Dodge & Cox now owns 29,259,714 shares of the energy company’s stock worth $1,428,167,000 after buying an additional 3,245,030 shares during the last quarter. First Quadrant L P CA raised its position in shares of Apache Corp. by 3,213.1% in the second quarter. First Quadrant L P CA now owns 354,500 shares of the energy company’s stock worth $19,735,000 after buying an additional 343,800 shares during the last quarter. State Street Corp raised its position in shares of Apache Corp. by 1.7% in the first quarter. State Street Corp now owns 18,912,725 shares of the energy company’s stock worth $923,131,000 after buying an additional 323,381 shares during the last quarter. Finally, Chicago Equity Partners LLC raised its position in shares of Apache Corp. by 6,132.1% in the second quarter. Chicago Equity Partners LLC now owns 276,705 shares of the energy company’s stock worth $15,404,000 after buying an additional 272,265 shares during the last quarter. Hedge funds and other institutional investors own 91.18% of the company’s stock.
Shares of Apache Corp. (NYSE:APA) traded up 1.7853% during trading on Tuesday, hitting $62.9542. The company had a trading volume of 1,680,319 shares. The firm’s 50 day moving average is $59.32 and its 200-day moving average is $55.20. The stock’s market capitalization is $23.89 billion. Apache Corp. has a 52 week low of $32.20 and a 52 week high of $66.00.
Apache Corp. (NYSE:APA) last posted its quarterly earnings data on Thursday, August 4th. The energy company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates 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 net margin of 261.91% and a negative return on equity of 4.16%. The firm’s revenue was down 38.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.22 EPS. Equities research analysts anticipate that Apache Corp. will post ($0.71) EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 22nd. Investors of record on Friday, October 21st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend is Wednesday, October 19th. Apache Corp.’s dividend payout ratio (DPR) is presently -2.78%.
A number of equities analysts have recently weighed in on APA shares. Atlantic Securities raised Apache Corp. from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $41.00 to $70.00 in a research report on Monday, September 12th. Raymond James Financial Inc. upped their target price on Apache Corp. from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, September 8th. Citigroup Inc. lowered Apache Corp. from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $55.00 to $53.00 in a research report on Tuesday, August 9th. They noted that the move was a valuation call. Wells Fargo & Co. reaffirmed an “outperform” rating on shares of Apache Corp. in a research report on Wednesday, July 6th. Finally, Zacks Investment Research raised Apache Corp. from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a research report on Monday. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $58.65.
In related news, insider Rebecca A. Hoyt sold 3,356 shares of the company’s stock in a transaction on Thursday, September 22nd. The stock was 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 owns 12,755 shares in the company, valued at $777,289.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate 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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