Parsons Capital Management Inc. RI decreased its stake in Apache Corp. (NYSE:APA) by 2.0% during the third quarter, Holdings Channel reports. The institutional investor owned 19,296 shares of the energy company’s stock after selling 400 shares during the period. Parsons Capital Management Inc. RI’s holdings in Apache Corp. were worth $1,232,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Mizuho Trust & Banking Co. Ltd. increased its position in shares of Apache Corp. by 0.9% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 649,119 shares of the energy company’s stock valued at $36,136,000 after buying an additional 5,670 shares in the last quarter. Retirement Systems of Alabama increased its position in shares of Apache Corp. by 40.9% in the second quarter. Retirement Systems of Alabama now owns 273,838 shares of the energy company’s stock valued at $15,245,000 after buying an additional 79,550 shares in the last quarter. BB&T Securities LLC increased its position in shares of Apache Corp. by 4.0% in the second quarter. BB&T Securities LLC now owns 22,584 shares of the energy company’s stock valued at $1,256,000 after buying an additional 860 shares in the last quarter. Encompass Capital Advisors LLC acquired a new position in shares of Apache Corp. during the second quarter valued at approximately $16,701,000. Finally, IBM Retirement Fund increased its position in shares of Apache Corp. by 1.1% in the second quarter. IBM Retirement Fund now owns 49,743 shares of the energy company’s stock valued at $2,853,000 after buying an additional 544 shares in the last quarter. Institutional investors own 90.56% of the company’s stock.
Apache Corp. (NYSE:APA) traded down 1.29% during midday trading on Friday, hitting $62.83. The company’s stock had a trading volume of 889,660 shares. The stock has a 50 day moving average of $61.19 and a 200 day moving average of $56.70. Apache Corp. has a 52-week low of $32.20 and a 52-week high of $66.00. The company’s market cap is $23.84 billion.
Apache Corp. (NYSE:APA) last issued its quarterly earnings data on Thursday, November 3rd. The energy company reported ($0.03) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the business posted ($0.05) earnings per share. The firm’s revenue was down 5.8% compared to the same quarter last year. On average, equities analysts expect that Apache Corp. will post ($1.00) EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 22nd. Investors of record on Friday, October 21st were given a $0.25 dividend. 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 research firms recently issued reports on APA. Zacks Investment Research downgraded Apache Corp. from a “buy” rating to a “hold” rating in a research note on Friday, October 28th. Barclays PLC boosted their price target on Apache Corp. from $50.00 to $58.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 13th. Atlantic Securities upgraded Apache Corp. from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $41.00 to $70.00 in a research note on Monday, September 12th. Deutsche Bank AG boosted their price target on Apache Corp. from $53.00 to $57.00 and gave the company a “hold” rating in a research note on Thursday, September 8th. Finally, Morgan Stanley restated a “hold” rating and issued a $69.00 price target on shares of Apache Corp. in a research note on Monday, September 26th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have issued a buy rating to the stock. Apache Corp. presently has a consensus rating of “Hold” and an average target price of $58.83.
In other Apache Corp. news, insider Rebecca A. Hoyt sold 3,356 shares of the firm’s stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $60.94, for a total transaction of $204,514.64. Following the sale, the insider now owns 12,755 shares in the company, valued at $777,289.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John E. Lowe purchased 2,132 shares of the stock in a transaction on Monday, November 7th. The shares were purchased at an average price of $57.65 per share, for a total transaction of $122,909.80. Following the transaction, the director now directly owns 7,500 shares of the company’s stock, valued at $432,375. The disclosure for this purchase can be found here. 0.40% of the stock is owned by corporate insiders.
Apache Corp. Company Profile
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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