Apache Corporation (APA) Stake Increased by Toronto Dominion Bank

Toronto Dominion Bank lifted its stake in shares of Apache Corporation (NYSE:APA) by 25.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 128,867 shares of the energy company’s stock after buying an additional 26,409 shares during the quarter. Toronto Dominion Bank’s holdings in Apache Corporation were worth $6,176,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Dodge & Cox grew its position in shares of Apache Corporation by 4.0% during the 2nd quarter. Dodge & Cox now owns 29,922,731 shares of the energy company’s stock worth $1,434,196,000 after buying an additional 1,152,395 shares during the period. BlackRock Inc. grew its position in shares of Apache Corporation by 3,551.6% during the 1st quarter. BlackRock Inc. now owns 29,003,850 shares of the energy company’s stock worth $1,490,509,000 after buying an additional 28,209,565 shares during the period. Vanguard Group Inc. grew its position in shares of Apache Corporation by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 26,448,494 shares of the energy company’s stock worth $1,267,676,000 after buying an additional 128,836 shares during the period. State Street Corp grew its position in shares of Apache Corporation by 0.7% during the 2nd quarter. State Street Corp now owns 20,068,849 shares of the energy company’s stock worth $961,903,000 after buying an additional 130,520 shares during the period. Finally, Harris Associates L P grew its position in shares of Apache Corporation by 14.3% during the 2nd quarter. Harris Associates L P now owns 18,741,407 shares of the energy company’s stock worth $898,275,000 after buying an additional 2,343,985 shares during the period. 94.99% of the stock is owned by institutional investors.

Several brokerages have recently commented on APA. Morgan Stanley raised their price objective on shares of Apache Corporation from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Barclays PLC reduced their price objective on shares of Apache Corporation from $30.00 to $26.00 and set an “underweight” rating for the company in a research report on Wednesday, October 11th. BMO Capital Markets set a $45.00 price objective on shares of Apache Corporation and gave the stock a “hold” rating in a research report on Tuesday, October 10th. Scotiabank reaffirmed a “hold” rating and set a $49.00 price objective on shares of Apache Corporation in a research report on Tuesday, October 10th. Finally, Zacks Investment Research downgraded shares of Apache Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Nine equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $48.88.

Apache Corporation (APA) traded down 0.19% during midday trading on Thursday, hitting $42.57. The stock had a trading volume of 525,223 shares. Apache Corporation has a 52 week low of $38.14 and a 52 week high of $69.00. The firm has a 50 day moving average of $42.72 and a 200 day moving average of $46.41. The firm’s market cap is $16.22 billion.

Apache Corporation (NYSE:APA) last released its quarterly earnings data on Thursday, August 3rd. The energy company reported ($0.21) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.22). Apache Corporation had a negative net margin of 0.07% and a negative return on equity of 1.03%. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same period last year, the business earned ($0.26) earnings per share. The company’s quarterly revenue was up .1% on a year-over-year basis. Equities research analysts predict that Apache Corporation will post $0.05 EPS for the current year.

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

In other news, Director George D. Lawrence bought 900 shares of the stock in a transaction on Friday, August 11th. The shares were bought at an average price of $42.49 per share, with a total value of $38,241.00. Following the completion of the acquisition, the director now owns 38,445 shares in the company, valued at $1,633,528.05. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John E. Lowe bought 2,500 shares of the stock in a transaction on 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 of the company’s stock, valued at approximately $449,000. The disclosure for this purchase can be found here. Insiders have purchased 5,500 shares of compan

Several other hedge funds also recently made changes to their positions in the company. Dodge & Cox grew its position in shares of Apache Corporation by 4.0% during the 2nd quarter. Dodge & Cox now owns 29,922,731 shares of the energy company’s stock worth $1,434,196,000 after buying an additional 1,152,395 shares during the period. BlackRock Inc. grew its position in shares of Apache Corporation by 3,551.6% during the 1st quarter. BlackRock Inc. now owns 29,003,850 shares of the energy company’s stock worth $1,490,509,000 after buying an additional 28,209,565 shares during the period. Vanguard Group Inc. grew its position in shares of Apache Corporation by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 26,448,494 shares of the energy company’s stock worth $1,267,676,000 after buying an additional 128,836 shares during the period. State Street Corp grew its position in shares of Apache Corporation by 0.7% during the 2nd quarter. State Street Corp now owns 20,068,849 shares of the energy company’s stock worth $961,903,000 after buying an additional 130,520 shares during the period. Finally, Harris Associates L P grew its position in shares of Apache Corporation by 14.3% during the 2nd quarter. Harris Associates L P now owns 18,741,407 shares of the energy company’s stock worth $898,275,000 after buying an additional 2,343,985 shares during the period. 94.99% of the stock is owned by institutional investors.

Several brokerages have recently commented on APA. Morgan Stanley raised their price objective on shares of Apache Corporation from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Barclays PLC reduced their price objective on shares of Apache Corporation from $30.00 to $26.00 and set an “underweight” rating for the company in a research report on Wednesday, October 11th. BMO Capital Markets set a $45.00 price objective on shares of Apache Corporation and gave the stock a “hold” rating in a research report on Tuesday, October 10th. Scotiabank reaffirmed a “hold” rating and set a $49.00 price objective on shares of Apache Corporation in a research report on Tuesday, October 10th. Finally, Zacks Investment Research downgraded shares of Apache Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Nine equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $48.88.

Apache Corporation (APA) traded down 0.19% during midday trading on Thursday, hitting $42.57. The stock had a trading volume of 525,223 shares. Apache Corporation has a 52 week low of $38.14 and a 52 week high of $69.00. The firm has a 50 day moving average of $42.72 and a 200 day moving average of $46.41. The firm’s market cap is $16.22 billion.

Apache Corporation (NYSE:APA) last released its quarterly earnings data on Thursday, August 3rd. The energy company reported ($0.21) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.22). Apache Corporation had a negative net margin of 0.07% and a negative return on equity of 1.03%. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same period last year, the business earned ($0.26) earnings per share. The company’s quarterly revenue was up .1% on a year-over-year basis. Equities research analysts predict that Apache Corporation will post $0.05 EPS for the current year.

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

In other news, Director George D. Lawrence bought 900 shares of the stock in a transaction on Friday, August 11th. The shares were bought at an average price of $42.49 per share, with a total value of $38,241.00. Following the completion of the acquisition, the director now owns 38,445 shares in the company, valued at $1,633,528.05. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John E. Lowe bought 2,500 shares of the stock in a transaction on 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 of the company’s stock, valued at approximately $449,000. The disclosure for this purchase can be found here. Insiders have purchased 5,500 shares of company stock worth $235,094 over the last ninety days. 0.48% of the stock is currently owned by insiders.

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Apache Corporation Company 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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