Van Den Berg Management I Inc. lifted its position in Apache Co. (NYSE:APA) by 81.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 740,362 shares of the energy company’s stock after purchasing an additional 331,337 shares during the quarter. Apache comprises about 3.5% of Van Den Berg Management I Inc.’s holdings, making the stock its 7th biggest holding. Van Den Berg Management I Inc. owned approximately 0.19% of Apache worth $31,258,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in APA. Hotchkis & Wiley Capital Management LLC boosted its stake in Apache by 37.9% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 10,243,914 shares of the energy company’s stock worth $469,171,000 after buying an additional 2,816,600 shares during the period. Point72 Asset Management L.P. purchased a new position in Apache during the third quarter worth about $93,596,000. Hexavest Inc. purchased a new position in Apache during the fourth quarter worth about $30,979,000. Slate Path Capital LP purchased a new position in Apache during the fourth quarter worth about $25,754,000. Finally, APG Asset Management N.V. boosted its stake in Apache by 19.9% during the fourth quarter. APG Asset Management N.V. now owns 3,394,463 shares of the energy company’s stock worth $119,349,000 after buying an additional 564,551 shares during the period. 96.22% of the stock is owned by institutional investors.
Several analysts have recently issued reports on the stock. Stifel Nicolaus set a $39.00 price target on shares of Apache and gave the stock a “hold” rating in a research report on Friday, February 23rd. BMO Capital Markets reissued a “hold” rating and set a $35.00 price target on shares of Apache in a research report on Tuesday, February 27th. Citigroup reduced their price target on shares of Apache from $46.00 to $40.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 28th. UBS assumed coverage on shares of Apache in a research report on Wednesday, March 7th. They set a “sell” rating and a $34.00 price target on the stock. Finally, Royal Bank of Canada reissued a “hold” rating and set a $45.00 price target on shares of Apache in a research report on Monday, March 5th. Ten analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $43.06.
In related news, Director John E. Lowe purchased 2,500 shares of the company’s stock in a transaction on Friday, March 2nd. The shares were bought at an average cost of $33.80 per share, for a total transaction of $84,500.00. Following the completion of the purchase, the director now directly 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 is accessible through this hyperlink. Corporate insiders own 0.48% of the company’s stock.
Shares of Apache Co. (NYSE APA) opened at $36.14 on Friday. The firm has a market cap of $13,785.53, a P/E ratio of 10.60, a P/E/G ratio of 3.17 and a beta of 1.25. Apache Co. has a 1-year low of $33.60 and a 1-year high of $54.64. The company has a quick ratio of 1.31, a current ratio of 1.45 and a debt-to-equity ratio of 0.90.
Apache (NYSE:APA) last issued its earnings results on Thursday, February 22nd. The energy company reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.12. The firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Apache had a net margin of 20.32% and a return on equity of 1.11%. During the same quarter last year, the company earned ($0.06) earnings per share. equities analysts forecast that Apache Co. will post 1.63 EPS for the current year.
The business also recently declared 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. The ex-dividend date is Friday, April 20th. This represents a $1.00 annualized dividend and a yield of 2.77%. Apache’s dividend payout ratio is currently 29.33%.
WARNING: “Van Den Berg Management I Inc. Acquires 331,337 Shares of Apache Co. (APA)” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this article on another website, it was illegally stolen and reposted in violation of US & international copyright law. The legal version of this article can be viewed at https://ledgergazette.com/2018/03/18/apache-co-apa-shares-bought-by-van-den-berg-management-i-inc.html.
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.
Receive News & Ratings for Apache Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apache and related companies with MarketBeat.com's FREE daily email newsletter.