Livforsakringsbolaget Skandia Omsesidigt continued to hold its position in Apache Corporation (NYSE:APA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,209 shares of the energy company’s stock at the end of the second quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Apache Corporation were worth $346,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC boosted its stake in Apache Corporation by 25.8% in the fourth quarter. AQR Capital Management LLC now owns 58,315 shares of the energy company’s stock valued at $3,701,000 after buying an additional 11,974 shares during the period. Thrivent Financial for Lutherans raised its position in Apache Corporation by 5.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 13,140 shares of the energy company’s stock worth $834,000 after buying an additional 690 shares in the last quarter. Dodge & Cox bought a new position in Apache Corporation during the fourth quarter worth approximately $1,834,035,000. River & Mercantile Asset Management LLP bought a new position in Apache Corporation during the fourth quarter worth approximately $3,886,000. Finally, Lincoln Capital Corp bought a new position in Apache Corporation during the fourth quarter worth approximately $2,895,000. Hedge funds and other institutional investors own 94.04% of the company’s stock.
Shares of Apache Corporation (NYSE:APA) traded down 0.61% during trading on Tuesday, hitting $44.12. The stock had a trading volume of 3,448,703 shares. The company’s market cap is $16.78 billion. The stock has a 50 day moving average of $47.75 and a 200 day moving average of $51.24. Apache Corporation has a 12 month low of $43.24 and a 12 month high of $69.00.
Apache Corporation (NYSE:APA) last posted its quarterly earnings results on Thursday, August 3rd. The energy company reported ($0.21) 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 analyst estimates of $1.41 billion. Apache Corporation had a negative return on equity of 1.03% and a negative net margin of 0.07%. The business’s revenue was up .1% on a year-over-year basis. During the same quarter last year, the firm earned ($0.26) EPS. Equities analysts forecast that Apache Corporation will post $0.28 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 22nd. Investors of record on Friday, July 21st will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, July 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.27%. Apache Corporation’s payout ratio is currently -4,997.50%.
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Several equities analysts have issued reports on the company. Royal Bank Of Canada reaffirmed a “hold” rating and set a $63.00 target price on shares of Apache Corporation in a research report on Tuesday, April 25th. BMO Capital Markets reiterated a “hold” rating and set a $53.00 price target on shares of Apache Corporation in a report on Friday, May 5th. Scotiabank reiterated a “hold” rating and set a $58.00 price target on shares of Apache Corporation in a report on Monday, May 15th. Wolfe Research downgraded Apache Corporation from a “market perform” rating to an “underperform” rating in a report on Monday, July 17th. Finally, Wells Fargo & Company reiterated a “market perform” rating and set a $48.00 price target (down previously from $55.00) on shares of Apache Corporation in a report on Saturday, July 22nd. Eight equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $56.39.
In related news, Director John E. Lowe purchased 2,500 shares of Apache Corporation stock in a transaction that occurred on Monday, August 7th. The stock was purchased at an average cost of $44.90 per share, with a total value of $112,250.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at $449,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Rene R. Joyce purchased 10,000 shares of Apache Corporation stock in a transaction that occurred on Monday, May 15th. The stock was bought at an average cost of $51.38 per share, with a total value of $513,800.00. Following the completion of the transaction, the director now owns 10,000 shares of the company’s stock, valued at $513,800. The disclosure for this purchase can be found here. Insiders own 0.48% of the company’s stock.
About Apache Corporation
Apache Corporation is an independent energy company. The Company explores for, develops, and produces natural gas, crude oil and natural gas liquids. It has production in four segments: the United States, Canada, Egypt and the United Kingdom North Sea. It also pursues exploration interests in Suriname.
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