Adams Asset Advisors LLC reduced its stake in shares of Apache Co. (NYSE:APA) by 61.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,450 shares of the energy company’s stock after selling 19,788 shares during the period. Adams Asset Advisors LLC’s holdings in Apache were worth $525,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of APA. Tredje AP fonden raised its holdings in Apache by 17.0% during the second quarter. Tredje AP fonden now owns 28,539 shares of the energy company’s stock valued at $1,368,000 after buying an additional 4,140 shares in the last quarter. Engineers Gate Manager LP raised its holdings in Apache by 294.7% during the second quarter. Engineers Gate Manager LP now owns 24,077 shares of the energy company’s stock valued at $1,154,000 after buying an additional 17,977 shares in the last quarter. AXA raised its holdings in Apache by 5.5% during the second quarter. AXA now owns 32,035 shares of the energy company’s stock valued at $1,535,000 after buying an additional 1,669 shares in the last quarter. Coastline Trust Co bought a new position in Apache during the second quarter valued at about $209,000. Finally, Riverhead Capital Management LLC raised its holdings in Apache by 9.6% during the second quarter. Riverhead Capital Management LLC now owns 11,400 shares of the energy company’s stock valued at $546,000 after buying an additional 997 shares in the last quarter. Institutional investors own 94.56% of the company’s stock.
In other news, Director John E. Lowe bought 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The shares were acquired at an average cost of $40.02 per share, with a total value of $120,060.00. Following the completion of the transaction, the director now directly owns 15,000 shares in the company, valued at $600,300. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider P Anthony Lannie sold 19,514 shares of Apache stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $44.04, for a total value of $859,396.56. Following the sale, the insider now directly owns 37,469 shares in the company, valued at $1,650,134.76. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.
APA has been the topic of several recent research reports. Zacks Investment Research lowered Apache from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Jefferies Group restated an “underperform” rating and set a $38.00 target price on shares of Apache in a report on Tuesday, October 10th. Morgan Stanley raised their target price on Apache from $45.00 to $46.00 and gave the company an “equal weight” rating in a report on Wednesday, October 18th. JPMorgan Chase & Co. lowered Apache from a “neutral” rating to an “underweight” rating and cut their target price for the company from $46.00 to $38.00 in a report on Thursday, September 14th. Finally, Barclays cut their target price on Apache from $30.00 to $26.00 and set an “underweight” rating on the stock in a report on Wednesday, October 11th. Ten equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. Apache has an average rating of “Hold” and an average target price of $45.94.
Shares of Apache Co. (APA) traded up $2.01 during trading hours on Thursday, hitting $46.00. The stock had a trading volume of 6,790,450 shares, compared to its average volume of 3,430,000. The firm has a market capitalization of $17,520.00, a P/E ratio of 26.59, a P/E/G ratio of 10.18 and a beta of 1.05. Apache Co. has a 12 month low of $38.14 and a 12 month high of $64.13. The company has a current ratio of 1.53, a quick ratio of 1.37 and a debt-to-equity ratio of 0.95.
Apache (NYSE:APA) last issued its quarterly earnings results on Thursday, November 2nd. The energy company reported $0.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.09. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.39 billion. Apache had a negative return on equity of 0.70% and a net margin of 10.60%. The firm’s revenue was down 3.5% compared to the same quarter last year. During the same period last year, the business posted ($0.03) earnings per share. research analysts predict that Apache Co. will post 0.08 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Monday, January 22nd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Friday, January 19th. Apache’s dividend payout ratio is currently 57.80%.
Apache 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.
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