Trading Report: Today, Mutual of America Capital Management LLC Increases Position in Apache Corp. (APA)

Today, Mutual of America Capital Management LLC Increases Position in Apache Corp. (APA)

Mutual of America Capital Management LLC boosted its stake in Apache Corp. (NYSE:APA) by 0.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 44,261 shares of the energy company’s stock after buying an additional 324 shares during the period. Mutual of America Capital Management LLC’s holdings in Apache Corp. were worth $2,827,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC bought a new stake in Apache Corp. during the second quarter valued at about $117,000. Point72 Asia Hong Kong Ltd bought a new stake in Apache Corp. during the second quarter valued at about $117,000. Feltz Wealth PLAN Inc. bought a new stake in Apache Corp. during the second quarter valued at about $122,000. Spirit of America Management Corp NY bought a new stake in Apache Corp. during the third quarter valued at about $128,000. Finally, Zions Bancorporation boosted its stake in Apache Corp. by 2.1% in the second quarter. Zions Bancorporation now owns 2,382 shares of the energy company’s stock valued at $132,000 after buying an additional 50 shares in the last quarter. 90.56% of the stock is currently owned by institutional investors.

Shares of Apache Corp. (NYSE:APA) traded up 1.89% during midday trading on Thursday, hitting $63.65. 2,339,919 shares of the company were exchanged. The company’s 50 day moving average price is $61.19 and its 200 day moving average price is $56.70. Apache Corp. has a one year low of $32.20 and a one year high of $66.00. The firm’s market cap is $24.15 billion.

Apache Corp. (NYSE:APA) last issued its quarterly earnings results on Thursday, November 3rd. The energy company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.13. Apache Corp. had a negative return on equity of 4.70% and a negative net margin of 166.56%. The company earned $1.44 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the company earned ($0.05) earnings per share. The company’s quarterly revenue was down 5.8% compared to the same quarter last year. Equities analysts expect that Apache Corp. will post ($1.00) EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 22nd. Stockholders of record on Friday, October 21st were issued a dividend of $0.25 per share. The ex-dividend date was Wednesday, October 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.57%. Apache Corp.’s dividend payout ratio (DPR) is presently -4.42%.

Several equities research analysts recently issued reports on the stock. Wolfe Research raised shares of Apache Corp. from an “underperform” rating to a “market perform” rating in a research report on Monday, September 12th. Jefferies Group reissued a “sell” rating on shares of Apache Corp. in a research report on Thursday, August 11th. Citigroup Inc. cut shares of Apache Corp. from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $55.00 to $53.00 in a research report on Tuesday, August 9th. They noted that the move was a valuation call. Credit Suisse Group AG reissued a “hold” rating and issued a $67.00 target price on shares of Apache Corp. in a research report on Monday, September 12th. Finally, Zacks Investment Research lowered shares of Apache Corp. from a “buy” rating to a “hold” rating in a report on Friday, November 18th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $58.83.

In other news, insider Rebecca A. Hoyt sold 3,356 shares of the company’s stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $60.94, for a total transaction of $204,514.64. Following the completion of the transaction, the insider now directly owns 12,755 shares in the company, valued at $777,289.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Chansoo Joung purchased 15,000 shares of the business’s stock in a transaction dated Wednesday, November 9th. The shares were acquired at an average price of $58.02 per share, with a total value of $870,300.00. Following the completion of the acquisition, the director now owns 45,285 shares of the company’s stock, valued at $2,627,435.70. The disclosure for this purchase can be found here. Insiders own 0.40% of the company’s stock.

About Apache Corp.

Apache Corporation (Apache) is an independent energy company. Both domestically and internationally, the Company explores for, develops and produces natural gas, crude oil and natural gas liquids. The Company has exploration and production interests in four countries: the United States, Canada, Egypt, and the United Kingdom (North Sea).

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