Wheatland Advisors Inc. cut its position in Apache Corporation (NYSE:APA) by 2.7% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 7,330 shares of the energy company’s stock after selling 200 shares during the period. Wheatland Advisors Inc.’s holdings in Apache Corporation were worth $351,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the company. Pinnacle Bank bought a new stake in Apache Corporation during the first quarter worth approximately $100,000. Invictus RG bought a new stake in Apache Corporation during the first quarter worth approximately $100,000. Thompson Davis & CO. Inc. boosted its stake in Apache Corporation by 33.7% in the first quarter. Thompson Davis & CO. Inc. now owns 2,009 shares of the energy company’s stock worth $103,000 after buying an additional 506 shares during the last quarter. Parallel Advisors LLC boosted its stake in Apache Corporation by 7.4% in the first quarter. Parallel Advisors LLC now owns 2,346 shares of the energy company’s stock worth $114,000 after buying an additional 161 shares during the last quarter. Finally, State of Alaska Department of Revenue bought a new stake in Apache Corporation during the first quarter worth approximately $135,000. Institutional investors and hedge funds own 94.04% of the company’s stock.
Apache Corporation (APA) opened at 43.58 on Thursday. Apache Corporation has a 12-month low of $43.24 and a 12-month high of $69.00. The company’s 50-day moving average is $47.32 and its 200 day moving average is $50.76. The stock’s market capitalization is $16.58 billion.
Apache Corporation (NYSE:APA) last announced its quarterly earnings data on Thursday, August 3rd. The energy company reported ($0.21) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $0.22. Apache Corporation had a negative net margin of 0.07% and a negative return on equity of 1.03%. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same period last year, the company posted ($0.26) earnings per share. The business’s revenue for the quarter was up .1% compared to the same quarter last year. On average, equities research analysts expect that Apache Corporation will post $0.22 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 22nd. Investors of record on Friday, July 21st will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.29%. The ex-dividend date is Wednesday, July 19th. Apache Corporation’s dividend payout ratio (DPR) is -4,997.50%.
A number of equities research analysts have commented on the stock. Jefferies Group LLC restated a “sell” rating and issued a $40.00 price target on shares of Apache Corporation in a report on Wednesday, May 17th. BMO Capital Markets restated a “hold” rating and issued a $53.00 price target on shares of Apache Corporation in a report on Monday, May 15th. Barclays PLC restated a “sell” rating and issued a $41.00 price target (down from $50.00) on shares of Apache Corporation in a report on Thursday, April 20th. Zacks Investment Research cut shares of Apache Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, May 2nd. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $55.00 price target on shares of Apache Corporation in a report on Thursday, July 20th. Eight analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the company. Apache Corporation presently has an average rating of “Hold” and a consensus target price of $56.39.
In other news, Director John E. Lowe acquired 2,500 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were bought at an average cost of $44.90 per share, with a total value of $112,250.00. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at approximately $449,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Rene R. Joyce acquired 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The shares were purchased at an average cost of $51.38 per share, for a total transaction of $513,800.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $513,800. The disclosure for this purchase can be found here. Corporate insiders own 0.48% of the company’s stock.
About Apache Corporation
Apache Corporation is an independent energy company. The Company explores for, develops, and produces natural gas, crude oil and natural gas liquids. It has production in four segments: the United States, Canada, Egypt and the United Kingdom North Sea. It also pursues exploration interests in Suriname.
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