Wealthstreet Investment Advisors LLC purchased a new stake in Apache Co. (NYSE:APA) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 8,200 shares of the energy company’s stock, valued at approximately $346,000.
Several other large investors have also recently made changes to their positions in APA. Toronto Dominion Bank raised its position in shares of Apache by 25.8% in the 2nd quarter. Toronto Dominion Bank now owns 128,867 shares of the energy company’s stock valued at $6,176,000 after acquiring an additional 26,409 shares during the period. Gs Investments Inc. acquired a new stake in shares of Apache in the 2nd quarter valued at approximately $149,000. Griffin Asset Management Inc. acquired a new stake in shares of Apache in the 2nd quarter valued at approximately $211,000. Mutual of America Capital Management LLC raised its position in shares of Apache by 6.5% in the 3rd quarter. Mutual of America Capital Management LLC now owns 49,286 shares of the energy company’s stock valued at $2,257,000 after acquiring an additional 3,017 shares during the period. Finally, Lincoln Capital Corp raised its position in shares of Apache by 3.4% in the 3rd quarter. Lincoln Capital Corp now owns 48,103 shares of the energy company’s stock valued at $2,203,000 after acquiring an additional 1,565 shares during the period. Institutional investors and hedge funds own 94.74% of the company’s stock.
In related news, insider P Anthony Lannie sold 19,514 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $44.04, for a total value of $859,396.56. Following the completion of the transaction, the insider now directly owns 37,469 shares of the company’s stock, valued at $1,650,134.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John E. Lowe bought 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The stock was purchased at an average cost of $40.02 per share, with a total value 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 company insiders.
Apache Co. (NYSE APA) opened at $38.10 on Friday. Apache Co. has a 52 week low of $35.70 and a 52 week high of $56.51. The company has a quick ratio of 1.37, a current ratio of 1.53 and a debt-to-equity ratio of 0.95. The firm has a market cap of $14,552.01, a price-to-earnings ratio of 21.90, a P/E/G ratio of 4.08 and a beta of 1.05.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 22nd. Investors of record on Monday, April 23rd will be paid a $0.25 dividend. The ex-dividend date is Friday, April 20th. This represents a $1.00 annualized dividend and a dividend yield of 2.62%. Apache’s dividend payout ratio is presently 57.47%.
A number of analysts recently weighed in on APA shares. Scotiabank set a $49.00 price target on shares of Apache and gave the company a “hold” rating in a research report on Monday, November 13th. Bank of America increased their price target on shares of Apache from $41.00 to $42.00 and gave the company an “underperform” rating in a research report on Monday, November 6th. Royal Bank of Canada set a $51.00 target price on shares of Apache and gave the stock a “hold” rating in a report on Wednesday, December 20th. Morgan Stanley raised their target price on shares of Apache from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. Finally, Stifel Nicolaus set a $41.00 target price on shares of Apache and gave the stock a “hold” rating in a report on Tuesday, January 30th. Nine research analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $45.69.
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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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