Sciencast Management LP acquired a new stake in Apache Co. (NYSE:APA) during the 4th quarter, HoldingsChannel reports. The firm acquired 21,038 shares of the energy company’s stock, valued at approximately $992,000.
Other large investors also recently modified their holdings of the company. Valeo Financial Advisors LLC purchased a new stake in shares of Apache in the third quarter valued at $135,000. Steward Partners Investment Advisory LLC purchased a new position in Apache during the third quarter worth about $134,000. Pinebridge Investments L.P. lifted its position in Apache by 176.1% during the fourth quarter. Pinebridge Investments L.P. now owns 3,495 shares of the energy company’s stock worth $148,000 after buying an additional 2,229 shares during the period. Deprince Race & Zollo Inc. purchased a new position in Apache during the third quarter worth about $206,000. Finally, SevenBridge Financial Group LLC lifted its position in Apache by 83.3% during the third quarter. SevenBridge Financial Group LLC now owns 4,551 shares of the energy company’s stock worth $208,000 after buying an additional 2,068 shares during the period. Institutional investors and hedge funds own 96.22% of the company’s stock.
Several research firms recently weighed in on APA. Credit Suisse Group began coverage on Apache in a research report on Monday, December 11th. They set a “neutral” rating and a $40.00 target price on the stock. Barclays increased their target price on Apache from $26.00 to $30.00 and gave the stock an “underweight” rating in a research report on Monday, November 20th. ValuEngine downgraded Apache from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Stifel Nicolaus set a $41.00 target price on Apache and gave the stock a “hold” rating in a research report on Tuesday, January 30th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $45.00 target price on shares of Apache in a research report on Monday, March 5th. Ten research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $43.06.
Apache (NYSE:APA) last announced its quarterly earnings results on Thursday, February 22nd. The energy company reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.12. The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.54 billion. Apache had a return on equity of 1.11% and a net margin of 20.32%. During the same period in the prior year, the firm posted ($0.06) earnings per share. sell-side analysts anticipate that Apache Co. will post 1.56 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 22nd. Shareholders of record on Monday, April 23rd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, April 20th. This represents a $1.00 annualized dividend and a yield of 2.82%. Apache’s dividend payout ratio is presently 27.03%.
In other news, Director John E. Lowe purchased 2,500 shares of the company’s stock in a transaction on Friday, March 2nd. The stock was bought at an average cost of $33.80 per share, for a total transaction of $84,500.00. Following the completion of the purchase, the director now directly owns 17,500 shares of the company’s stock, valued at approximately $591,500. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.48% of the company’s stock.
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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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