Toronto Dominion Bank increased its position in shares of Apache Corporation (NYSE:APA) by 12.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 144,476 shares of the energy company’s stock after purchasing an additional 15,609 shares during the period. Toronto Dominion Bank’s holdings in Apache Corporation were worth $6,617,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of APA. LS Investment Advisors LLC grew its stake in shares of Apache Corporation by 5.3% during the second quarter. LS Investment Advisors LLC now owns 9,759 shares of the energy company’s stock worth $468,000 after purchasing an additional 495 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in Apache Corporation by 1.3% in the second quarter. Louisiana State Employees Retirement System now owns 23,600 shares of the energy company’s stock valued at $1,131,000 after acquiring an additional 300 shares in the last quarter. Aperio Group LLC boosted its stake in Apache Corporation by 14.7% in the second quarter. Aperio Group LLC now owns 145,667 shares of the energy company’s stock valued at $6,982,000 after acquiring an additional 18,627 shares in the last quarter. BTIM Corp. boosted its stake in Apache Corporation by 4.9% in the second quarter. BTIM Corp. now owns 254,324 shares of the energy company’s stock valued at $12,190,000 after acquiring an additional 11,939 shares in the last quarter. Finally, Highland Capital Management LLC boosted its stake in Apache Corporation by 13.3% in the second quarter. Highland Capital Management LLC now owns 56,278 shares of the energy company’s stock valued at $2,697,000 after acquiring an additional 6,618 shares in the last quarter. Hedge funds and other institutional investors own 94.98% of the company’s stock.
Several equities analysts have issued reports on the stock. Wells Fargo & Company restated a “market perform” rating and issued a $48.00 price objective (down previously from $55.00) on shares of Apache Corporation in a research note on Saturday, July 22nd. Citigroup Inc. decreased their price objective on shares of Apache Corporation from $58.00 to $50.00 and set a “neutral” rating for the company in a research note on Friday, July 21st. Jefferies Group LLC reiterated an “underperform” rating and set a $38.00 target price on shares of Apache Corporation in a research note on Tuesday, October 10th. Zacks Investment Research downgraded shares of Apache Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Finally, Scotiabank reiterated a “hold” rating and set a $49.00 target price on shares of Apache Corporation in a research note on Tuesday, October 10th. Ten equities 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 company currently has a consensus rating of “Hold” and an average target price of $47.82.
Shares of Apache Corporation (NYSE APA) opened at $41.18 on Friday. Apache Corporation has a 1 year low of $38.14 and a 1 year high of $69.00. 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 (NYSE:APA) last released its quarterly earnings results on Thursday, November 2nd. The energy company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.09. Apache Corporation had a net margin of 10.60% and a negative return on equity of 0.70%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period in the prior year, the business earned ($0.03) earnings per share. The company’s quarterly revenue was down 3.5% on a year-over-year basis. research analysts expect that Apache Corporation will post -0.01 EPS for the current year.
The company also recently announced 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 dividend on an annualized basis and a yield of 2.43%. Apache Corporation’s dividend payout ratio (DPR) is currently 57.47%.
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. 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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