California State Teachers Retirement System raised its holdings in Apache Co. (NYSE:APA) by 0.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 658,221 shares of the energy company’s stock after buying an additional 3,070 shares during the period. California State Teachers Retirement System owned 0.17% of Apache worth $27,790,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Valeo Financial Advisors LLC acquired a new stake in Apache in the 3rd quarter valued at $135,000. Steward Partners Investment Advisory LLC acquired a new position in shares of Apache during the 3rd quarter worth about $134,000. Pinebridge Investments L.P. increased its stake in shares of Apache by 176.1% during the 4th quarter. Pinebridge Investments L.P. now owns 3,495 shares of the energy company’s stock worth $148,000 after purchasing an additional 2,229 shares during the last quarter. Deprince Race & Zollo Inc. acquired a new position in shares of Apache during the 3rd quarter worth about $206,000. Finally, SevenBridge Financial Group LLC increased its stake in shares of Apache by 83.3% during the 3rd quarter. SevenBridge Financial Group LLC now owns 4,551 shares of the energy company’s stock worth $208,000 after purchasing an additional 2,068 shares during the last quarter. Hedge funds and other institutional investors own 96.22% of the company’s stock.
Shares of Apache Co. (APA) opened at $36.14 on Friday. The company has a market cap of $13,598.62, a PE ratio of 10.60, a P/E/G ratio of 3.13 and a beta of 1.25. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.31 and a current ratio of 1.45. Apache Co. has a twelve month low of $33.60 and a twelve month high of $54.64.
Apache (NYSE:APA) last announced its earnings results on Thursday, February 22nd. The energy company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.21 by $0.12. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.54 billion. Apache had a net margin of 20.32% and a return on equity of 1.11%. During the same quarter in the previous year, the firm posted ($0.06) EPS. analysts forecast that Apache Co. will post 1.63 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 22nd. Investors of record on Monday, April 23rd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Friday, April 20th. Apache’s payout ratio is 29.33%.
Several research analysts have recently weighed in on the stock. Credit Suisse Group assumed coverage on shares of Apache in a research note on Monday, December 11th. They set a “neutral” rating and a $40.00 price objective on the stock. Barclays boosted their price objective on shares of Apache from $26.00 to $30.00 and gave the stock an “underweight” rating in a research note on Monday, November 20th. Stifel Nicolaus set a $41.00 price objective on shares of Apache and gave the stock a “hold” rating in a research note on Tuesday, January 30th. ValuEngine lowered shares of Apache from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Finally, Royal Bank of Canada restated a “hold” rating and set a $45.00 price objective on shares of Apache in a research note on Monday, March 5th. Ten equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. Apache has a consensus rating of “Hold” and a consensus target price of $43.06.
In related news, Director John E. Lowe bought 2,500 shares of Apache stock in a transaction that occurred on Friday, March 2nd. The stock was acquired at an average price of $33.80 per share, with a total value of $84,500.00. Following the acquisition, the director now owns 17,500 shares of the company’s stock, valued at approximately $591,500. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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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