Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its stake in Apache Corporation (NYSE:APA) by 14.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 52,785 shares of the energy company’s stock after selling 8,942 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Apache Corporation were worth $2,530,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in shares of Apache Corporation by 8.0% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 7,090 shares of the energy company’s stock worth $351,000 after acquiring an additional 525 shares in the last quarter. Usca Ria LLC grew its stake in shares of Apache Corporation by 3.7% in the second quarter. Usca Ria LLC now owns 5,700 shares of the energy company’s stock worth $273,000 after acquiring an additional 201 shares in the last quarter. Paradigm Asset Management Co. LLC grew its stake in shares of Apache Corporation by 37.8% in the second quarter. Paradigm Asset Management Co. LLC now owns 81,720 shares of the energy company’s stock worth $3,917,000 after acquiring an additional 22,400 shares in the last quarter. Hanson McClain Inc. acquired a new position in shares of Apache Corporation in the second quarter worth $106,000. Finally, Schaper Benz & Wise Investment Counsel Inc. WI lifted its position in shares of Apache Corporation by 16.9% during the 2nd quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 27,375 shares of the energy company’s stock worth $1,312,000 after purchasing an additional 3,950 shares during the last quarter. Hedge funds and other institutional investors own 95.05% of the company’s stock.
Apache Corporation (NYSE APA) opened at 42.52 on Friday. The firm’s 50-day moving average is $41.94 and its 200-day moving average is $47.62. Apache Corporation has a 1-year low of $38.14 and a 1-year high of $69.00. The stock’s market cap is $16.20 billion.
Apache Corporation (NYSE:APA) last announced its quarterly earnings results on Thursday, August 3rd. The energy company reported ($0.21) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.22). The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.41 billion. Apache Corporation had a negative net margin of 0.07% and a negative return on equity of 1.03%. The company’s quarterly revenue was up .1% compared to the same quarter last year. During the same period last year, the firm earned ($0.26) EPS. On average, analysts forecast that Apache Corporation will post $0.04 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Monday, October 23rd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.35%. The ex-dividend date is Friday, October 20th. Apache Corporation’s dividend payout ratio (DPR) is presently -4,997.50%.
In other Apache Corporation news, Director George D. Lawrence purchased 900 shares of the stock in a transaction on Friday, August 11th. The shares were purchased at an average price of $42.49 per share, with a total value of $38,241.00. Following the acquisition, the director now directly owns 38,445 shares of the company’s stock, valued at approximately $1,633,528.05. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director John E. Lowe bought 2,500 shares of the stock in a transaction dated Monday, August 7th. The stock was purchased at an average cost of $44.90 per share, for a total transaction of $112,250.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at approximately $449,000. The disclosure for this purchase can be found here. Insiders acquired a total of 5,500 shares of company stock worth $235,094 in the last three months. Insiders own 0.48% of the company’s stock.
Several research firms have recently issued reports on APA. Scotiabank set a $50.00 price objective on shares of Apache Corporation and gave the stock a “hold” rating in a research report on Saturday, July 1st. BidaskClub cut shares of Apache Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Citigroup Inc. reduced their price target on shares of Apache Corporation from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Tuesday, August 15th. J P Morgan Chase & Co cut shares of Apache Corporation from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $46.00 to $38.00 in a report on Thursday. Finally, BMO Capital Markets set a $45.00 target price on shares of Apache Corporation and gave the company a “hold” rating in a report on Thursday, August 3rd. Nine research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $53.16.
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Apache Corporation Profile
Apache Corporation is an independent energy company. The Company explores for, develops, and produces natural gas, crude oil and natural gas liquids. The Company’s production segments include: the United States, Egypt and the United Kingdom North Sea. It also pursues exploration interests in Suriname.
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