Private Advisor Group LLC Buys Shares of 6,261 Apache Corp. (APA)
Private Advisor Group LLC bought a new position in shares of Apache Corp. (NYSE:APA) during the second quarter, Holdings Channel reports. The firm bought 6,261 shares of the energy company’s stock, valued at approximately $346,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Pacad Investment Ltd. purchased a new position in Apache Corp. during the first quarter valued at approximately $390,000. IFP Advisors Inc raised its position in Apache Corp. by 44.8% in the first quarter. IFP Advisors Inc now owns 3,725 shares of the energy company’s stock valued at $182,000 after buying an additional 1,152 shares during the last quarter. Virginia Retirement System purchased a new position in Apache Corp. during the first quarter valued at approximately $1,100,000. Mn Services Vermogensbeheer B.V. purchased a new position in Apache Corp. during the first quarter valued at approximately $406,000. Finally, River Wealth Advisors LLC raised its position in Apache Corp. by 0.4% in the first quarter. River Wealth Advisors LLC now owns 8,102 shares of the energy company’s stock valued at $395,000 after buying an additional 34 shares during the last quarter. 91.25% of the stock is owned by hedge funds and other institutional investors.
Apache Corp. (NYSE:APA) traded up 4.28% during midday trading on Wednesday, reaching $59.95. The company’s stock had a trading volume of 2,487,792 shares. The stock’s market cap is $22.75 billion. The stock’s 50 day moving average is $53.19 and its 200 day moving average is $53.34. Apache Corp. has a 12-month low of $32.20 and a 12-month high of $60.19.
Apache Corp. (NYSE:APA) last announced its quarterly earnings data on Thursday, August 4th. The energy company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by $0.09. The company earned $1.38 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Apache Corp. had a negative net margin of 261.91% and a negative return on equity of 4.16%. The business’s quarterly revenue was down 38.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.22 EPS. Analysts anticipate that Apache Corp. will post ($0.69) earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 22nd. Stockholders of record on Friday, October 21st will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend is Wednesday, October 19th. Apache Corp.’s payout ratio is presently -2.78%.
APA has been the subject of several recent analyst reports. Barclays PLC lifted their price objective on shares of Apache Corp. from $50.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 13th. Atlantic Securities raised shares of Apache Corp. from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $41.00 to $70.00 in a research note on Monday, September 12th. Deutsche Bank AG lifted their price objective on shares of Apache Corp. from $53.00 to $57.00 and gave the stock a “hold” rating in a research note on Thursday, September 8th. Vetr lowered shares of Apache Corp. from a “hold” rating to a “sell” rating and set a $51.00 price objective for the company. in a research note on Monday, August 22nd. Finally, Raymond James Financial Inc. lifted their price objective on shares of Apache Corp. from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, September 8th. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $57.44.
Apache Corp. Company Profile
Apache Corporation (Apache) is an independent energy company. Both domestically and internationally, the Company explores for, develops and produces natural gas, crude oil and natural gas liquids. The Company has exploration and production interests in four countries: the United States, Canada, Egypt, and the United Kingdom (North Sea).
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