Apache Co. (APA) Holdings Reduced by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. decreased its holdings in shares of Apache Co. (NYSE:APA) by 6.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,983 shares of the energy company’s stock after selling 4,575 shares during the period. Envestnet Asset Management Inc.’s holdings in Apache were worth $2,870,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Hartford Financial Management Inc. grew its holdings in shares of Apache by 12.1% during the 4th quarter. Hartford Financial Management Inc. now owns 10,189 shares of the energy company’s stock worth $430,000 after acquiring an additional 1,100 shares during the period. Mutual of America Capital Management LLC grew its holdings in shares of Apache by 2.3% during the 4th quarter. Mutual of America Capital Management LLC now owns 50,419 shares of the energy company’s stock worth $2,129,000 after acquiring an additional 1,133 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of Apache by 1.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 81,213 shares of the energy company’s stock worth $3,431,000 after acquiring an additional 1,258 shares during the period. Engineers Gate Manager LP grew its holdings in shares of Apache by 13.6% during the 4th quarter. Engineers Gate Manager LP now owns 10,642 shares of the energy company’s stock worth $449,000 after acquiring an additional 1,271 shares during the period. Finally, FDx Advisors Inc. grew its holdings in shares of Apache by 4.8% during the 4th quarter. FDx Advisors Inc. now owns 30,470 shares of the energy company’s stock worth $1,286,000 after acquiring an additional 1,383 shares during the period. 95.96% of the stock is owned by institutional investors and hedge funds.

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A number of research analysts have weighed in on the company. Credit Suisse Group began coverage on Apache in a report on Monday, December 11th. They set a “neutral” rating and a $40.00 target price on the stock. Stifel Nicolaus set a $41.00 price target on Apache and gave the stock a “hold” rating in a research note on Tuesday, January 30th. Royal Bank of Canada restated a “hold” rating and issued a $45.00 price target on shares of Apache in a research note on Monday, March 5th. ValuEngine downgraded Apache from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Finally, Jefferies Group set a $35.00 price target on Apache and gave the stock a “sell” rating in a research note on Wednesday, December 20th. Ten research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $41.07.

In other Apache news, Director John E. Lowe acquired 2,500 shares of the stock in a transaction that occurred on Friday, March 2nd. The shares were acquired at an average cost of $33.80 per share, with a total value of $84,500.00. Following the transaction, the director now owns 17,500 shares of the company’s stock, valued at approximately $591,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.48% of the company’s stock.

APA stock opened at $38.34 on Friday. The company has a market capitalization of $14,567.49, a P/E ratio of 159.75, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10. Apache Co. has a 12-month low of $33.60 and a 12-month high of $54.64. The company has a current ratio of 1.45, a quick ratio of 1.31 and a debt-to-equity ratio of 0.90.

Apache (NYSE:APA) last released its quarterly earnings data on Thursday, February 22nd. The energy company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.12. The business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations 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) EPS. analysts forecast that Apache Co. will post 1.55 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 22nd. Investors of record on Monday, April 23rd will be given 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 2.61%. Apache’s dividend payout ratio (DPR) is presently 416.67%.

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Apache Profile

Apache Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids (NGLs). The company has operations in onshore assets located Permian and Midcontinent/Gulf Coast onshore regions; and offshore assets situated in the Gulf of Mexico region.

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Institutional Ownership by Quarter for Apache (NYSE:APA)

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