Keybank National Association OH reduced its holdings in shares of Apache Co. (NYSE:APA) by 36.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 65,667 shares of the energy company’s stock after selling 37,732 shares during the quarter. Keybank National Association OH’s holdings in Apache were worth $2,772,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. Hosking Partners LLP boosted its stake in shares of Apache by 7.6% during the 4th quarter. Hosking Partners LLP now owns 97,873 shares of the energy company’s stock valued at $4,132,000 after buying an additional 6,949 shares during the last quarter. Pinnacle Financial Partners Inc. purchased a new position in shares of Apache during the 4th quarter valued at approximately $268,000. Sentry Investment Management LLC boosted its stake in shares of Apache by 2.2% during the 4th quarter. Sentry Investment Management LLC now owns 110,066 shares of the energy company’s stock valued at $4,647,000 after buying an additional 2,329 shares during the last quarter. Boston Common Asset Management LLC boosted its stake in shares of Apache by 73.7% during the 4th quarter. Boston Common Asset Management LLC now owns 29,330 shares of the energy company’s stock valued at $1,238,000 after buying an additional 12,444 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. lifted its stake in Apache by 164.9% during the fourth quarter. Candriam Luxembourg S.C.A. now owns 156,761 shares of the energy company’s stock worth $6,619,000 after purchasing an additional 97,587 shares during the last quarter. Institutional investors own 94.65% of the company’s stock.
Shares of Apache Co. (APA) opened at $38.11 on Monday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.53 and a quick ratio of 1.37. Apache Co. has a one year low of $35.70 and a one year high of $56.51.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 22nd. Shareholders of record on Monday, April 23rd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date is Friday, April 20th. Apache’s payout ratio is 57.47%.
Several brokerages recently issued reports on APA. ValuEngine cut Apache from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Stifel Nicolaus set a $41.00 price objective on Apache and gave the stock a “hold” rating in a research note on Tuesday, January 30th. Bank of America raised their price objective on Apache from $41.00 to $42.00 and gave the stock an “underperform” rating in a research note on Monday, November 6th. Scotiabank set a $49.00 price objective on Apache and gave the stock a “hold” rating in a research note on Monday, November 13th. Finally, BMO Capital Markets restated a “hold” rating and set a $42.00 price objective on shares of Apache in a research note on Tuesday, November 7th. Nine equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $45.69.
In related news, Director John E. Lowe bought 3,000 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were bought 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 owns 15,000 shares of the company’s stock, valued at approximately $600,300. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 sale, the insider now 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.
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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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