Neuburgh Advisers LLC Cuts Stake in Apache Co. (NYSE:APA)

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Neuburgh Advisers LLC cut its position in Apache Co. (NYSE:APA) by 27.5% during the first quarter, HoldingsChannel.com reports. The firm owned 24,992 shares of the energy company’s stock after selling 9,460 shares during the period. Neuburgh Advisers LLC’s holdings in Apache were worth $866,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in APA. Rockefeller Capital Management L.P. increased its holdings in shares of Apache by 357.6% in the first quarter. Rockefeller Capital Management L.P. now owns 787 shares of the energy company’s stock valued at $27,000 after purchasing an additional 615 shares during the period. Capital Investment Advisory Services LLC acquired a new position in shares of Apache in the fourth quarter valued at about $29,000. Truehand Inc acquired a new position in shares of Apache in the fourth quarter valued at about $38,000. Oregon Public Employees Retirement Fund increased its holdings in shares of Apache by 2,492.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,087,958 shares of the energy company’s stock valued at $41,000 after purchasing an additional 1,045,998 shares during the period. Finally, Rational Advisors LLC increased its holdings in shares of Apache by 12,875.0% in the fourth quarter. Rational Advisors LLC now owns 1,557 shares of the energy company’s stock valued at $41,000 after purchasing an additional 1,545 shares during the period. 96.50% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently weighed in on APA. Wolfe Research raised Apache from an “underperform” rating to a “peer perform” rating in a report on Monday, June 3rd. Zacks Investment Research raised Apache from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a report on Monday, May 20th. Citigroup raised their target price on Apache from $31.00 to $35.00 and gave the stock a “neutral” rating in a report on Wednesday, March 6th. Credit Suisse Group raised their target price on Apache from $36.00 to $37.00 and gave the stock a “neutral” rating in a report on Thursday, February 28th. Finally, BMO Capital Markets raised their target price on Apache from $30.00 to $36.00 and gave the stock a “market perform” rating in a report on Friday, April 5th. Five research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $40.86.

In other news, Director Juliet S. Ellis bought 3,500 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were acquired at an average price of $27.26 per share, for a total transaction of $95,410.00. Following the completion of the transaction, the director now directly owns 3,500 shares in the company, valued at approximately $95,410. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP William Mark Meyer bought 2,000 shares of the firm’s stock in a transaction dated Friday, May 31st. The stock was purchased at an average price of $25.92 per share, for a total transaction of $51,840.00. Following the transaction, the executive vice president now owns 2,919 shares of the company’s stock, valued at $75,660.48. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 10,500 shares of company stock worth $298,500. 0.69% of the stock is owned by corporate insiders.

Shares of APA opened at $27.49 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.87 and a debt-to-equity ratio of 0.94. Apache Co. has a 12 month low of $24.56 and a 12 month high of $50.03. The company has a market capitalization of $10.33 billion, a price-to-earnings ratio of 15.53, a price-to-earnings-growth ratio of 4.44 and a beta of 1.79.

Apache (NYSE:APA) last issued its quarterly earnings data on Wednesday, May 1st. The energy company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. Apache had a positive return on equity of 6.71% and a negative net margin of 2.08%. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same period last year, the company earned $0.32 earnings per share. Apache’s quarterly revenue was down 6.4% compared to the same quarter last year. Research analysts anticipate that Apache Co. will post 1.03 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 22nd. Shareholders of record on Monday, July 22nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.64%. The ex-dividend date of this dividend is Friday, July 19th. Apache’s payout ratio is currently 56.50%.

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Apache Company 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 in the Permian and Midcontinent/Gulf Coast onshore regions; and offshore assets situated in the Gulf of Mexico region.

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Want to see what other hedge funds are holding APA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apache Co. (NYSE:APA).

Institutional Ownership by Quarter for Apache (NYSE:APA)

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