Adams Asset Advisors LLC decreased its position in shares of Apache Co. (NYSE:APA) by 61.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 institutional investors have also recently added to or reduced their stakes in APA. Hotchkis & Wiley Capital Management LLC lifted its position in Apache by 658.0% during the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 7,427,314 shares of the energy company’s stock worth $355,991,000 after acquiring an additional 6,447,400 shares during the last quarter. Harris Associates L P increased its holdings in shares of Apache 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 purchasing an additional 2,343,985 shares during the period. Point72 Asset Management L.P. bought a new position in shares of Apache during the 3rd quarter worth about $93,596,000. Orbis Allan Gray Ltd increased its holdings in shares of Apache by 11.5% during the 2nd quarter. Orbis Allan Gray Ltd now owns 13,381,672 shares of the energy company’s stock worth $641,384,000 after purchasing an additional 1,381,096 shares during the period. Finally, Dodge & Cox increased its holdings in shares of Apache 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 purchasing an additional 1,152,395 shares during the period. 94.57% of the stock is owned by hedge funds and other institutional investors.
Apache Co. (APA) traded up $0.17 during midday trading on Thursday, reaching $46.70. 2,716,695 shares of the company were exchanged, compared to its average volume of 4,147,183. The company has a market capitalization of $17,790.00, a PE ratio of 26.99, a P/E/G ratio of 8.86 and a beta of 1.05. Apache Co. has a twelve month low of $38.14 and a twelve month high of $63.18. 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 (NYSE:APA) last posted its earnings results on Thursday, November 2nd. The energy company reported $0.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.09. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Apache had a net margin of 10.60% and a negative return on equity of 0.70%. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.03) earnings per share. equities analysts predict that Apache Co. will post 0.06 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Shareholders of record on Monday, January 22nd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, January 19th. This represents a $1.00 annualized dividend and a yield of 2.14%. Apache’s dividend payout ratio is 57.80%.
Several research analysts have recently issued reports on APA shares. Morgan Stanley boosted their price objective on shares of Apache from $45.00 to $46.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 18th. Scotiabank set a $49.00 price objective on shares of Apache and gave the stock a “hold” rating in a report on Monday, November 13th. BMO Capital Markets restated a “hold” rating and set a $42.00 price objective on shares of Apache in a report on Tuesday, November 7th. Royal Bank of Canada restated a “hold” rating and set a $55.00 price objective on shares of Apache in a report on Tuesday, November 7th. Finally, Stifel Nicolaus set a $42.00 price objective on shares of Apache and gave the stock a “hold” rating in a report on Thursday, October 5th. Ten investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $45.94.
In other Apache news, insider P Anthony Lannie sold 19,514 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $44.04, for a total transaction of $859,396.56. Following the sale, the insider now directly owns 37,469 shares of the company’s stock, valued at $1,650,134.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director John E. Lowe acquired 3,000 shares of the firm’s stock in a transaction on Wednesday, December 13th. The shares were purchased at an average cost of $40.02 per share, for a total transaction of $120,060.00. Following the completion of the purchase, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $600,300. The disclosure for this purchase can be found here. 0.48% of the stock is currently owned by corporate insiders.
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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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