Jolley Asset Management LLC grew its stake in Apache Co. (NYSE:APA) by 80.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,950 shares of the energy company’s stock after acquiring an additional 7,100 shares during the quarter. Jolley Asset Management LLC’s holdings in Apache were worth $673,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the company. Acadian Asset Management LLC increased its stake in shares of Apache by 267.4% in the 4th quarter. Acadian Asset Management LLC now owns 62,333 shares of the energy company’s stock valued at $2,632,000 after acquiring an additional 45,369 shares during the last quarter. Westpac Banking Corp increased its stake in shares of Apache by 18.2% in the 4th quarter. Westpac Banking Corp now owns 69,337 shares of the energy company’s stock valued at $2,927,000 after acquiring an additional 10,677 shares during the last quarter. Charter Trust Co. increased its stake in shares of Apache by 41.0% in the 4th quarter. Charter Trust Co. now owns 8,253 shares of the energy company’s stock valued at $348,000 after acquiring an additional 2,399 shares during the last quarter. Sicart Associates LLC increased its stake in shares of Apache by 49.9% in the 4th quarter. Sicart Associates LLC now owns 102,555 shares of the energy company’s stock valued at $4,330,000 after acquiring an additional 34,140 shares during the last quarter. Finally, National Pension Service increased its stake in shares of Apache by 10.7% in the 4th quarter. National Pension Service now owns 419,376 shares of the energy company’s stock valued at $17,706,000 after acquiring an additional 40,399 shares during the last quarter. 94.57% of the stock is owned by institutional investors.
Apache Co. (NYSE APA) traded up $0.26 during midday trading on Thursday, hitting $46.53. The stock had a trading volume of 2,793,500 shares, compared to its average volume of 4,267,636. The firm has a market cap of $17,760.00, a P/E ratio of 26.90, a PEG ratio of 8.86 and a beta of 1.05. 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 Co. has a 12 month low of $38.14 and a 12 month high of $63.36.
Apache (NYSE:APA) last released its quarterly earnings data 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 had a negative return on equity of 0.70% and a net margin of 10.60%. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the firm posted ($0.03) EPS. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. equities analysts predict that Apache Co. will post 0.06 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 22nd. Investors of record on Monday, January 22nd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date is Friday, January 19th. Apache’s dividend payout ratio (DPR) is presently 57.80%.
A number of analysts recently issued reports on the company. Barclays reissued a “sell” rating and set a $32.00 target price on shares of Apache in a research note on Sunday, December 24th. Royal Bank of Canada set a $51.00 target price on Apache and gave the stock a “hold” rating in a research note on Wednesday, December 20th. Jefferies Group set a $35.00 target price on Apache and gave the stock a “sell” rating in a research note on Wednesday, December 20th. Credit Suisse Group assumed coverage on Apache in a research note on Monday, December 11th. They set a “neutral” rating and a $40.00 target price for the company. Finally, Scotiabank set a $49.00 price target on Apache and gave the stock a “hold” rating in a research report on Monday, November 13th. Ten analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $45.94.
In other news, Director John E. Lowe acquired 3,000 shares of the stock in a transaction on Wednesday, December 13th. The shares were purchased at an average price of $40.02 per share, for a total transaction of $120,060.00. Following the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at $600,300. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider P Anthony Lannie sold 19,514 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $44.04, for a total value of $859,396.56. Following the transaction, the insider now owns 37,469 shares in the company, valued at approximately $1,650,134.76. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by corporate insiders.
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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