Today: 8,000 Shares of Apache Corp. (APA) Stock are sold by James L. House

Today: 8,000 Shares of Apache Corp. (APA) Stock are sold by James L. House

Apache Corp. (NYSE:APA) insider James L. House sold 8,000 shares of the firm’s stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $63.38, for a total value of $507,040.00. Following the completion of the sale, the insider now owns 2,057 shares in the company, valued at $130,372.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of Apache Corp. (NYSE:APA) traded down 2.37% on Monday, reaching $61.35. The company’s stock had a trading volume of 4,019,099 shares. The stock has a 50-day moving average of $61.05 and a 200 day moving average of $56.78. Apache Corp. has a 1-year low of $32.20 and a 1-year high of $66.00. The stock’s market capitalization is $23.28 billion.

Apache Corp. (NYSE:APA) last posted its quarterly earnings data on Thursday, November 3rd. The energy company reported ($0.03) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.13. Apache Corp. had a negative net margin of 166.56% and a negative return on equity of 4.70%. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the business earned ($0.05) earnings per share. The business’s revenue for the quarter was down 5.8% on a year-over-year basis. On average, equities analysts forecast that Apache Corp. will post ($1.00) EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 22nd. Investors of record on Friday, October 21st were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, October 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.59%. Apache Corp.’s dividend payout ratio is presently -4.42%.

Several hedge funds and other institutional investors have recently bought and sold shares of APA. NN Investment Partners Holdings N.V. raised its position in Apache Corp. by 2,658.6% in the second quarter. NN Investment Partners Holdings N.V. now owns 60,551 shares of the energy company’s stock worth $3,371,000 after buying an additional 58,356 shares in the last quarter. Grassi Investment Management raised its position in Apache Corp. by 7.1% in the second quarter. Grassi Investment Management now owns 9,025 shares of the energy company’s stock worth $502,000 after buying an additional 600 shares in the last quarter. Trust Co raised its position in Apache Corp. by 1.9% in the first quarter. Trust Co now owns 28,504 shares of the energy company’s stock worth $1,391,000 after buying an additional 540 shares in the last quarter. Chevy Chase Trust Holdings Inc. raised its position in Apache Corp. by 0.8% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 432,463 shares of the energy company’s stock worth $24,075,000 after buying an additional 3,302 shares in the last quarter. Finally, Exxonmobil Investment Management Inc. TX raised its position in Apache Corp. by 6.4% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 97,984 shares of the energy company’s stock worth $5,455,000 after buying an additional 5,878 shares in the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

A number of research firms have weighed in on APA. Wolfe Research upgraded Apache Corp. from an “underperform” rating to a “market perform” rating in a research note on Monday, September 12th. Jefferies Group reiterated a “sell” rating on shares of Apache Corp. in a research report on Thursday, August 11th. Citigroup Inc. cut Apache Corp. from a “buy” rating to a “neutral” rating and cut 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 reiterated a “hold” rating and set a $67.00 target price on shares of Apache Corp. in a research report on Monday, September 12th. Finally, Zacks Investment Research cut Apache Corp. from a “buy” rating to a “hold” rating in a research report on Friday, November 18th. Three equities 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 company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $58.83.

Apache Corp. Company Profile

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