Trade Report: Today, Apache Corp. (APA) Stake Raised by Highland Capital Management LLC

Today, Apache Corp. (APA) Stake Raised by Highland Capital Management LLC

Highland Capital Management LLC boosted its stake in shares of Apache Corp. (NYSE:APA) by 26.4% during the third quarter, Holdings Channel reports. The institutional investor owned 45,679 shares of the energy company’s stock after buying an additional 9,540 shares during the period. Highland Capital Management LLC’s holdings in Apache Corp. were worth $2,918,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in APA. Hartford Financial Management Inc. boosted its position in Apache Corp. by 0.4% in the second quarter. Hartford Financial Management Inc. now owns 8,936 shares of the energy company’s stock valued at $497,000 after buying an additional 35 shares in the last quarter. Zions Bancorporation boosted its position 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. M&R Capital Management Inc. boosted its position in Apache Corp. by 0.7% in the second quarter. M&R Capital Management Inc. now owns 7,607 shares of the energy company’s stock valued at $423,000 after buying an additional 55 shares in the last quarter. Woodstock Corp boosted its position in Apache Corp. by 0.4% in the second quarter. Woodstock Corp now owns 22,064 shares of the energy company’s stock valued at $1,228,000 after buying an additional 80 shares in the last quarter. Finally, First Allied Advisory Services Inc. boosted its position in Apache Corp. by 0.6% in the second quarter. First Allied Advisory Services Inc. now owns 14,294 shares of the energy company’s stock valued at $794,000 after buying an additional 88 shares in the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Shares of Apache Corp. (NYSE:APA) traded down 2.37% on Monday, reaching $61.35. The company had a trading volume of 4,022,125 shares. The company’s market capitalization is $23.28 billion. The company has a 50 day moving average of $61.00 and a 200-day moving average of $56.88. Apache Corp. has a 52 week low of $32.20 and a 52 week high of $66.00.

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

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

APA has been the subject of a number of recent research reports. Jefferies Group reiterated a “sell” rating on shares of Apache Corp. in a report on Thursday, August 4th. Barclays PLC cut Apache Corp. from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $45.00 to $49.00 in a report on Friday, August 5th. They noted that the move was a valuation call. Citigroup Inc. cut Apache Corp. from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $55.00 to $53.00 in a report on Tuesday, August 9th. They noted that the move was a valuation call. Vetr upgraded Apache Corp. from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a report on Wednesday, August 10th. Finally, Zacks Investment Research cut Apache Corp. from a “buy” rating to a “hold” rating in a report on Friday, August 12th. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have assigned a buy rating to the company’s stock. Apache Corp. has an average rating of “Hold” and an average price target of $58.83.

In other news, insider James L. House sold 8,000 shares of the firm’s stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $63.38, for a total transaction of $507,040.00. Following the completion of the transaction, the insider now directly owns 2,057 shares in the company, valued at $130,372.66. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Rebecca A. Hoyt sold 3,356 shares of the firm’s stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $60.94, for a total value of $204,514.64. Following the transaction, the insider now owns 12,755 shares of the company’s stock, valued at $777,289.70. The disclosure for this sale 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).

Related posts

Leave a Comment