Traders purchased shares of Apache Corp. (NYSE:APA) on weakness during trading hours on Monday following insider selling activity. $45.23 million flowed into the stock on the tick-up and $23.99 million flowed out of the stock on the tick-down, for a money net flow of $21.24 million into the stock. Of all stocks tracked, Apache Corp. had the 20th highest net in-flow for the day. Apache Corp. traded down ($0.81) for the day and closed at $62.84Specifically, insider Rebecca A. Hoyt sold 3,356 shares of the company’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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James L. House sold 8,000 shares of the company’s stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $63.38, for a total value of $507,040.00. Following the sale, the insider now owns 2,057 shares in the company, valued at approximately $130,372.66. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.
Several research firms recently issued reports on APA. Wolfe Research upgraded Apache Corp. from an “underperform” rating to a “market perform” rating in a report on Monday, September 12th. Jefferies Group reiterated a “sell” rating on shares of Apache Corp. in a report on Thursday, August 11th. Citigroup Inc. lowered 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. Credit Suisse Group AG reiterated a “hold” rating and set a $67.00 target price on shares of Apache Corp. in a report on Monday, September 12th. Finally, Zacks Investment Research lowered Apache Corp. from a “buy” rating to a “hold” rating in a report on Friday, November 18th. Three analysts have rated the stock with a sell rating, sixteen have issued 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.
The company’s market cap is $23.28 billion. The stock has a 50 day moving average price of $61.00 and a 200 day moving average price of $56.88.
Apache Corp. (NYSE:APA) last released its quarterly earnings results on Thursday, November 3rd. The energy company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.13. The business earned $1.44 billion during the quarter, compared to the consensus estimate of $1.38 billion. Apache Corp. had a negative return on equity of 4.70% and a negative net margin of 166.56%. The company’s quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.05) EPS. On average, analysts forecast that Apache Corp. will post ($1.00) EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, November 22nd. Shareholders 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 yield of 1.59%. Apache Corp.’s dividend payout ratio (DPR) is currently -4.42%.
A number of institutional investors have recently added to or reduced their stakes in APA. Spirit of America Management Corp NY acquired a new position in shares of Apache Corp. during the third quarter worth $128,000. Point72 Asia Hong Kong Ltd acquired a new position in shares of Apache Corp. during the second quarter worth $117,000. Tower Research Capital LLC TRC acquired a new position in shares of Apache Corp. during the second quarter worth $117,000. Zions Bancorporation increased its position in shares of Apache Corp. by 2.1% in the second quarter. Zions Bancorporation now owns 2,382 shares of the energy company’s stock worth $132,000 after buying an additional 50 shares during the last quarter. Finally, JNBA Financial Advisors increased its position in shares of Apache Corp. by 99.1% in the second quarter. JNBA Financial Advisors now owns 2,578 shares of the energy company’s stock worth $144,000 after buying an additional 1,283 shares during the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.