LaFleur & Godfrey LLC Acquires New Holdings in Apache Co. (NYSE:APA)

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LaFleur & Godfrey LLC acquired a new stake in shares of Apache Co. (NYSE:APA) during the second quarter, HoldingsChannel reports. The firm acquired 67,155 shares of the energy company’s stock, valued at approximately $1,945,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Signaturefd LLC raised its stake in shares of Apache by 66.1% during the first quarter. Signaturefd LLC now owns 1,276 shares of the energy company’s stock valued at $44,000 after purchasing an additional 508 shares in the last quarter. NEXT Financial Group Inc raised its position in Apache by 4,074.7% in the second quarter. NEXT Financial Group Inc now owns 3,131 shares of the energy company’s stock worth $91,000 after acquiring an additional 3,056 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its position in Apache by 49.9% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 5,109 shares of the energy company’s stock worth $148,000 after acquiring an additional 1,700 shares in the last quarter. Cedar Brook Financial Partners LLC bought a new stake in Apache in the first quarter worth about $209,000. Finally, First Allied Advisory Services Inc. bought a new stake in Apache in the first quarter worth about $221,000. Institutional investors and hedge funds own 95.30% of the company’s stock.

NYSE APA opened at $25.80 on Friday. The stock’s 50-day moving average price is $22.56 and its two-hundred day moving average price is $28.53. The company has a current ratio of 1.23, a quick ratio of 1.03 and a debt-to-equity ratio of 1.00. The company has a market cap of $9.56 billion, a PE ratio of 14.58, a PEG ratio of 17.66 and a beta of 1.84. Apache Co. has a 1 year low of $19.44 and a 1 year high of $50.03.

Apache (NYSE:APA) last released its earnings results on Wednesday, July 31st. The energy company reported $0.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.07. Apache had a positive return on equity of 5.12% and a negative net margin of 10.12%. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Research analysts forecast that Apache Co. will post 0.24 EPS for the current fiscal year.

The firm also recently announced a — dividend, which will be paid on Friday, November 22nd. Shareholders of record on Tuesday, October 22nd will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, October 21st. This represents a yield of 4.1%. Apache’s dividend payout ratio (DPR) is presently 56.50%.

In other Apache news, Director John E. Lowe bought 5,000 shares of the stock in a transaction on Wednesday, August 7th. The shares were bought at an average price of $21.83 per share, with a total value of $109,150.00. Following the purchase, the director now directly owns 30,000 shares in the company, valued at approximately $654,900. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.69% of the company’s stock.

Several equities research analysts have commented on APA shares. Morgan Stanley dropped their price target on shares of Apache from $19.00 to $18.00 and set an “underweight” rating on the stock in a research report on Friday, July 12th. ValuEngine upgraded shares of Apache from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 1st. MKM Partners assumed coverage on shares of Apache in a research report on Monday, September 16th. They issued a “neutral” rating and a $26.00 price target on the stock. Bank of America cut their price objective on Apache from $30.00 to $29.00 and set an “underperform” rating on the stock in a report on Thursday, August 1st. Finally, TheStreet downgraded Apache from a “c-” rating to a “d+” rating in a report on Tuesday, September 3rd. Six analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $35.11.

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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Institutional Ownership by Quarter for Apache (NYSE:APA)

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