Arizona State Retirement System lifted its stake in shares of Apache Co. (NYSE:APA) by 2.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 96,515 shares of the energy company’s stock after purchasing an additional 2,130 shares during the period. Arizona State Retirement System’s holdings in Apache were worth $4,075,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the company. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Apache by 37.9% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 10,243,914 shares of the energy company’s stock worth $469,171,000 after purchasing an additional 2,816,600 shares in the last quarter. Artisan Partners Limited Partnership lifted its position in shares of Apache by 0.6% during the third quarter. Artisan Partners Limited Partnership now owns 3,593,344 shares of the energy company’s stock worth $164,575,000 after purchasing an additional 22,730 shares in the last quarter. APG Asset Management N.V. lifted its position in shares of Apache by 19.9% during the fourth quarter. APG Asset Management N.V. now owns 3,394,463 shares of the energy company’s stock worth $119,349,000 after purchasing an additional 564,551 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Apache by 0.9% during the third quarter. Bank of New York Mellon Corp now owns 2,980,740 shares of the energy company’s stock worth $136,518,000 after purchasing an additional 27,069 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in shares of Apache during the third quarter worth approximately $93,596,000. Institutional investors own 94.65% of the company’s stock.
Shares of Apache Co. (APA) opened at $34.80 on Wednesday. The company has a quick ratio of 1.37, a current ratio of 1.45 and a debt-to-equity ratio of 0.90. The firm has a market cap of $13,260.00, a price-to-earnings ratio of 10.24, a price-to-earnings-growth ratio of 3.79 and a beta of 1.05. Apache Co. has a twelve month low of $34.50 and a twelve month high of $54.64.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 22nd. Shareholders of record on Monday, April 23rd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, April 20th. This represents a $1.00 annualized dividend and a yield of 2.87%. Apache’s dividend payout ratio (DPR) is presently 29.41%.
In other news, insider P Anthony Lannie sold 19,514 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $44.04, for a total transaction of $859,396.56. Following the completion of the sale, the insider now owns 37,469 shares of the company’s stock, valued at $1,650,134.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John E. Lowe acquired 3,000 shares of the stock in a transaction dated Wednesday, December 13th. The shares were bought at an average cost of $40.02 per share, with a total value of $120,060.00. Following the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at $600,300. The disclosure for this purchase can be found here. Company insiders own 0.48% of the company’s stock.
APA has been the topic of several analyst reports. BMO Capital Markets restated a “hold” rating and issued a $35.00 price objective on shares of Apache in a report on Tuesday. Mitsubishi UFJ Financial Group upgraded shares of Apache from a “neutral” rating to an “overweight” rating in a report on Tuesday. ValuEngine lowered shares of Apache from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Stifel Nicolaus set a $41.00 price objective on shares of Apache and gave the company a “hold” rating in a report on Tuesday, January 30th. Finally, Credit Suisse Group initiated coverage on shares of Apache in a report on Monday, December 11th. They issued a “neutral” rating and a $40.00 price objective on the stock. Nine investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. Apache currently has an average rating of “Hold” and a consensus price target of $44.40.
Apache Company Profile
Apache Corporation is an independent energy company. The Company explores for, develops, and produces natural gas, crude oil and natural gas liquids. The Company’s production segments include: the United States, Egypt and the United Kingdom North Sea. It also pursues exploration interests in Suriname.
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