Parametric Portfolio Associates LLC Increases Stake in Apache Co. (NYSE:APA)

Share on StockTwits

Parametric Portfolio Associates LLC increased its stake in Apache Co. (NYSE:APA) by 20.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,269,185 shares of the energy company’s stock after acquiring an additional 214,290 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.34% of Apache worth $32,491,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Securian Asset Management Inc boosted its holdings in Apache by 1.1% in the second quarter. Securian Asset Management Inc now owns 39,506 shares of the energy company’s stock valued at $1,144,000 after acquiring an additional 426 shares during the last quarter. Buckingham Asset Management LLC grew its position in Apache by 3.7% during the second quarter. Buckingham Asset Management LLC now owns 13,188 shares of the energy company’s stock valued at $382,000 after acquiring an additional 469 shares during the period. Bartlett & Co. LLC increased its stake in Apache by 56.2% during the third quarter. Bartlett & Co. LLC now owns 1,390 shares of the energy company’s stock worth $36,000 after acquiring an additional 500 shares during the last quarter. Coastal Investment Advisors Inc. increased its stake in Apache by 6.6% during the second quarter. Coastal Investment Advisors Inc. now owns 8,331 shares of the energy company’s stock worth $243,000 after acquiring an additional 514 shares during the last quarter. Finally, Sumitomo Life Insurance Co. increased its stake in Apache by 2.5% during the second quarter. Sumitomo Life Insurance Co. now owns 22,427 shares of the energy company’s stock worth $650,000 after acquiring an additional 557 shares during the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

In other news, insider Wheals Rob acquired 4,505 shares of the stock in a transaction on Thursday, November 14th. The stock was bought at an average price of $11.06 per share, with a total value of $49,825.30. 0.69% of the stock is owned by company insiders.

APA stock opened at $19.54 on Tuesday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.03 and a current ratio of 1.03. Apache Co. has a 1 year low of $18.93 and a 1 year high of $38.12. The firm has a market cap of $8.38 billion, a P/E ratio of 11.04 and a beta of 1.92. The stock has a 50-day simple moving average of $22.95 and a 200-day simple moving average of $24.64.

Apache (NYSE:APA) last announced its earnings results on Wednesday, October 30th. The energy company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.10). The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Apache had a negative net margin of 14.78% and a positive return on equity of 1.08%. During the same quarter in the previous year, the business posted $0.63 earnings per share. On average, equities research analysts predict that Apache Co. will post -0.1 EPS for the current year.

The business also recently declared a — dividend, which was paid on Friday, November 22nd. Shareholders of record on Tuesday, October 22nd were issued a $0.25 dividend. This represents a yield of 4.1%. The ex-dividend date of this dividend was Monday, October 21st. Apache’s dividend payout ratio is presently 56.50%.

Several equities analysts have recently weighed in on the company. Citigroup lifted their price objective on Apache from $22.00 to $27.00 and gave the company a “neutral” rating in a research note on Monday, September 23rd. KeyCorp started coverage on Apache in a report on Monday, October 28th. They set a “sector weight” rating for the company. TheStreet downgraded shares of Apache from a “c-” rating to a “d+” rating in a research report on Tuesday, September 3rd. Mitsubishi UFJ Financial Group restated a “neutral” rating and issued a $28.00 price target (down previously from $39.00) on shares of Apache in a report on Tuesday, October 8th. Finally, Bank of America upgraded shares of Apache from an “underperform” rating to a “neutral” rating and set a $28.00 price target on the stock in a report on Friday, October 18th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $31.71.

Apache Company Profile

Apache Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids (NGLs). The company has operations in onshore assets located in the Permian and Midcontinent/Gulf Coast onshore regions; and offshore assets situated in the Gulf of Mexico region.

Recommended Story: Roth IRA

Institutional Ownership by Quarter for Apache (NYSE:APA)

Receive News & Ratings for Apache Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apache and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.