DekaBank Deutsche Girozentrale boosted its position in Apache Corporation (NYSE:APA) by 4.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 342,002 shares of the energy company’s stock after purchasing an additional 13,095 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.09% of Apache Corporation worth $13,955,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in APA. Hotchkis & Wiley Capital Management LLC raised its holdings in Apache Corporation by 658.0% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 7,427,314 shares of the energy company’s stock worth $355,991,000 after purchasing an additional 6,447,400 shares in the last quarter. Baillie Gifford & Co. raised its holdings in Apache Corporation by 58.0% in the second quarter. Baillie Gifford & Co. now owns 12,429,930 shares of the energy company’s stock worth $595,767,000 after purchasing an additional 4,561,430 shares in the last quarter. Harris Associates L P increased its holdings in shares of Apache Corporation by 14.3% during the second quarter. Harris Associates L P now owns 18,741,407 shares of the energy company’s stock valued at $898,275,000 after acquiring an additional 2,343,985 shares in the last quarter. Orbis Allan Gray Ltd increased its holdings in shares of Apache Corporation by 11.5% during the second quarter. Orbis Allan Gray Ltd now owns 13,381,672 shares of the energy company’s stock valued at $641,384,000 after acquiring an additional 1,381,096 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Apache Corporation by 11.2% during the second quarter. Franklin Resources Inc. now owns 13,215,507 shares of the energy company’s stock valued at $633,381,000 after acquiring an additional 1,335,127 shares in the last quarter. Institutional investors and hedge funds own 94.98% of the company’s stock.
Several equities analysts have recently issued reports on APA shares. Morgan Stanley upped their price objective on shares of Apache Corporation from $45.00 to $46.00 and gave the company an “equal weight” rating in a report on Wednesday, October 18th. Scotiabank set a $49.00 price objective on shares of Apache Corporation and gave the company a “hold” rating in a report on Monday. Bank of America Corporation upped their price objective on shares of Apache Corporation from $41.00 to $42.00 and gave the company an “underperform” rating in a report on Monday, November 6th. BMO Capital Markets set a $45.00 price objective on shares of Apache Corporation and gave the company a “hold” rating in a report on Tuesday, October 10th. Finally, J P Morgan Chase & Co downgraded shares of Apache Corporation from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $46.00 to $38.00 in a report on Thursday, September 14th. Ten research analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $47.82.
Apache Corporation (APA) traded down $0.54 during trading on Friday, reaching $40.49. The company’s stock had a trading volume of 2,451,500 shares, compared to its average volume of 3,657,497. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.37 and a current ratio of 1.53. Apache Corporation has a 1-year low of $38.14 and a 1-year high of $69.00.
Apache Corporation (NYSE:APA) last released its quarterly earnings data on Thursday, November 2nd. The energy company reported $0.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.09. Apache Corporation had a negative return on equity of 0.70% and a net margin of 10.60%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the prior year, the firm posted ($0.03) EPS. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. sell-side analysts expect that Apache Corporation will post -0.01 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Monday, October 23rd will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, October 20th. This represents a $1.00 annualized dividend and a yield of 2.47%. Apache Corporation’s dividend payout ratio is presently 57.47%.
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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