Wealthstreet Investment Advisors LLC bought a new stake in shares of Apache Co. (NYSE:APA) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 8,200 shares of the energy company’s stock, valued at approximately $346,000.
Other hedge funds have also recently made changes to their positions in the company. Hartford Financial Management Inc. raised its stake in shares of Apache by 12.1% during the fourth quarter. Hartford Financial Management Inc. now owns 10,189 shares of the energy company’s stock worth $430,000 after buying an additional 1,100 shares during the last quarter. Mutual of America Capital Management LLC grew its holdings in Apache by 2.3% during the fourth quarter. Mutual of America Capital Management LLC now owns 50,419 shares of the energy company’s stock valued at $2,129,000 after purchasing an additional 1,133 shares during the period. Nisa Investment Advisors LLC grew its holdings in Apache by 1.6% during the fourth quarter. Nisa Investment Advisors LLC now owns 81,213 shares of the energy company’s stock valued at $3,431,000 after purchasing an additional 1,258 shares during the period. Westbourne Investment Advisors Inc. grew its holdings in Apache by 3.4% during the third quarter. Westbourne Investment Advisors Inc. now owns 38,220 shares of the energy company’s stock valued at $1,750,000 after purchasing an additional 1,260 shares during the period. Finally, Engineers Gate Manager LP grew its holdings in Apache by 13.6% during the fourth quarter. Engineers Gate Manager LP now owns 10,642 shares of the energy company’s stock valued at $449,000 after purchasing an additional 1,271 shares during the period. 94.65% of the stock is owned by hedge funds and other institutional investors.
Apache Co. (NYSE APA) traded up $0.89 during trading hours on Friday, hitting $35.74. 4,065,499 shares of the stock traded hands, compared to its average volume of 4,687,613. The company has a market cap of $13,550.00, a price-to-earnings ratio of 9.58, a P/E/G ratio of 3.97 and a beta of 1.05. The company has a quick ratio of 1.37, a current ratio of 1.53 and a debt-to-equity ratio of 0.95. Apache Co. has a 12 month low of $34.50 and a 12 month high of $54.64.
Apache (NYSE:APA) last posted its quarterly earnings data on Thursday, February 22nd. The energy company reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.12. Apache had a net margin of 10.60% and a negative return on equity of 0.70%. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the previous year, the firm earned ($0.06) EPS. equities research analysts anticipate that Apache Co. will post 0.13 EPS for the current fiscal year.
The company also recently disclosed 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. This represents a $1.00 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date is Friday, April 20th. Apache’s dividend payout ratio is currently 26.81%.
Several research analysts have recently weighed in on APA shares. Morgan Stanley upped their price target on shares of Apache from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. 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. Royal Bank of Canada restated a “hold” rating and set a $55.00 target price on shares of Apache in a report on Tuesday, November 7th. Bank of America upped their price target on shares of Apache from $41.00 to $42.00 and gave the stock an “underperform” rating in a research report on Monday, November 6th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $42.00 price target on shares of Apache in a research report on Tuesday, November 7th. Nine research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $45.50.
In other news, insider P Anthony Lannie sold 19,514 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $44.04, for a total transaction of $859,396.56. Following the completion of the transaction, the insider now 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 can be accessed through the SEC website. Also, Director John E. Lowe acquired 3,000 shares of the business’s stock in a transaction dated 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 acquisition, 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. Corporate insiders own 0.48% of the company’s stock.
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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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