Apache Corporation (APA) Position Reduced by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company cut its holdings in Apache Corporation (NYSE:APA) by 30.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 430,213 shares of the energy company’s stock after selling 192,232 shares during the period. The Manufacturers Life Insurance Company owned 0.11% of Apache Corporation worth $20,620,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Beese Fulmer Investment Management Inc. lifted its holdings in Apache Corporation by 0.4% in the second quarter. Beese Fulmer Investment Management Inc. now owns 6,016 shares of the energy company’s stock valued at $288,000 after acquiring an additional 23 shares during the last quarter. Ray Gerald L & Associates Ltd. lifted its holdings in Apache Corporation by 0.4% in the second quarter. Ray Gerald L & Associates Ltd. now owns 12,900 shares of the energy company’s stock valued at $618,000 after acquiring an additional 50 shares during the last quarter. Tdam USA Inc. lifted its holdings in Apache Corporation by 0.5% in the second quarter. Tdam USA Inc. now owns 10,426 shares of the energy company’s stock valued at $495,000 after acquiring an additional 55 shares during the last quarter. Huntington National Bank lifted its holdings in Apache Corporation by 1.1% in the second quarter. Huntington National Bank now owns 5,449 shares of the energy company’s stock valued at $261,000 after acquiring an additional 58 shares during the last quarter. Finally, Fulton Bank N.A. lifted its holdings in Apache Corporation by 0.6% in the second quarter. Fulton Bank N.A. now owns 10,316 shares of the energy company’s stock valued at $494,000 after acquiring an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 94.99% of the company’s stock.

In other Apache Corporation news, Director George D. Lawrence bought 900 shares of Apache Corporation stock in a transaction that occurred on Friday, August 11th. The shares were acquired at an average price of $42.49 per share, for a total transaction of $38,241.00. Following the acquisition, the director now owns 38,445 shares of the company’s stock, valued at approximately $1,633,528.05. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director John E. Lowe bought 2,500 shares of Apache Corporation stock in a transaction that occurred on Monday, August 7th. The shares were acquired at an average price of $44.90 per share, for a total transaction of $112,250.00. Following the acquisition, the director now directly owns 10,000 shares in the company, valued at approximately $449,000. The disclosure for this purchase can be found here. Insiders have purchased a total of 5,500 shares of company stock worth $235,094 in the last 90 days. Company insiders own 0.48% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This story was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this story on another domain, it was illegally stolen and republished in violation of United States & international trademark & copyright laws. The original version of this story can be accessed at https://ledgergazette.com/2017/10/17/apache-corporation-apa-position-reduced-by-the-manufacturers-life-insurance-company.html.

Shares of Apache Corporation (NYSE APA) opened at 42.73 on Tuesday. The stock’s 50 day moving average price is $42.51 and its 200-day moving average price is $46.57. The stock’s market cap is $16.28 billion. Apache Corporation has a 52-week low of $38.14 and a 52-week high of $69.00.

Apache Corporation (NYSE:APA) last posted its earnings results on Thursday, August 3rd. The energy company reported ($0.21) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.22). The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.41 billion. Apache Corporation had a negative net margin of 0.07% and a negative return on equity of 1.03%. The business’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.26) EPS. On average, analysts predict that Apache Corporation will post $0.03 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Monday, October 23rd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, October 20th. This represents a $1.00 annualized dividend and a dividend yield of 2.34%. Apache Corporation’s payout ratio is -4,997.50%.

APA has been the topic of a number of recent analyst reports. BidaskClub upgraded Apache Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. Seaport Global Securities cut Apache Corporation from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $52.00 to $36.00 in a report on Wednesday, June 21st. BMO Capital Markets set a $45.00 price objective on Apache Cor

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Beese Fulmer Investment Management Inc. lifted its holdings in Apache Corporation by 0.4% in the second quarter. Beese Fulmer Investment Management Inc. now owns 6,016 shares of the energy company’s stock valued at $288,000 after acquiring an additional 23 shares during the last quarter. Ray Gerald L & Associates Ltd. lifted its holdings in Apache Corporation by 0.4% in the second quarter. Ray Gerald L & Associates Ltd. now owns 12,900 shares of the energy company’s stock valued at $618,000 after acquiring an additional 50 shares during the last quarter. Tdam USA Inc. lifted its holdings in Apache Corporation by 0.5% in the second quarter. Tdam USA Inc. now owns 10,426 shares of the energy company’s stock valued at $495,000 after acquiring an additional 55 shares during the last quarter. Huntington National Bank lifted its holdings in Apache Corporation by 1.1% in the second quarter. Huntington National Bank now owns 5,449 shares of the energy company’s stock valued at $261,000 after acquiring an additional 58 shares during the last quarter. Finally, Fulton Bank N.A. lifted its holdings in Apache Corporation by 0.6% in the second quarter. Fulton Bank N.A. now owns 10,316 shares of the energy company’s stock valued at $494,000 after acquiring an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 94.99% of the company’s stock.

In other Apache Corporation news, Director George D. Lawrence bought 900 shares of Apache Corporation stock in a transaction that occurred on Friday, August 11th. The shares were acquired at an average price of $42.49 per share, for a total transaction of $38,241.00. Following the acquisition, the director now owns 38,445 shares of the company’s stock, valued at approximately $1,633,528.05. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director John E. Lowe bought 2,500 shares of Apache Corporation stock in a transaction that occurred on Monday, August 7th. The shares were acquired at an average price of $44.90 per share, for a total transaction of $112,250.00. Following the acquisition, the director now directly owns 10,000 shares in the company, valued at approximately $449,000. The disclosure for this purchase can be found here. Insiders have purchased a total of 5,500 shares of company stock worth $235,094 in the last 90 days. Company insiders own 0.48% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This story was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this story on another domain, it was illegally stolen and republished in violation of United States & international trademark & copyright laws. The original version of this story can be accessed at https://ledgergazette.com/2017/10/17/apache-corporation-apa-position-reduced-by-the-manufacturers-life-insurance-company.html.

Shares of Apache Corporation (NYSE APA) opened at 42.73 on Tuesday. The stock’s 50 day moving average price is $42.51 and its 200-day moving average price is $46.57. The stock’s market cap is $16.28 billion. Apache Corporation has a 52-week low of $38.14 and a 52-week high of $69.00.

Apache Corporation (NYSE:APA) last posted its earnings results on Thursday, August 3rd. The energy company reported ($0.21) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.22). The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.41 billion. Apache Corporation had a negative net margin of 0.07% and a negative return on equity of 1.03%. The business’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.26) EPS. On average, analysts predict that Apache Corporation will post $0.03 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Monday, October 23rd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, October 20th. This represents a $1.00 annualized dividend and a dividend yield of 2.34%. Apache Corporation’s payout ratio is -4,997.50%.

APA has been the topic of a number of recent analyst reports. BidaskClub upgraded Apache Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. Seaport Global Securities cut Apache Corporation from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $52.00 to $36.00 in a report on Wednesday, June 21st. BMO Capital Markets set a $45.00 price objective on Apache Corporation and gave the company a “hold” rating in a report on Monday, June 26th. Scotiabank set a $50.00 price objective on Apache Corporation and gave the company a “hold” rating in a report on Saturday, July 1st. Finally, Stifel Nicolaus initiated coverage on Apache Corporation in a report on Tuesday, July 4th. They issued a “hold” rating and a $54.00 price objective on the stock. Nine analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $49.06.

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.

Institutional Ownership by Quarter for Apache Corporation (NYSE:APA)

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