Creative Planning reduced its holdings in shares of Apache Co. (NYSE:APA) by 5.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,680 shares of the energy company’s stock after selling 1,545 shares during the period. Creative Planning’s holdings in Apache were worth $674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Sumitomo Life Insurance Co. increased its holdings in shares of Apache by 1.9% in the fourth quarter. Sumitomo Life Insurance Co. now owns 23,969 shares of the energy company’s stock valued at $629,000 after purchasing an additional 455 shares during the period. Belpointe Asset Management LLC increased its holdings in shares of Apache by 6.7% in the third quarter. Belpointe Asset Management LLC now owns 7,605 shares of the energy company’s stock valued at $363,000 after purchasing an additional 475 shares during the period. CKW Financial Group increased its holdings in shares of Apache by 25.0% in the fourth quarter. CKW Financial Group now owns 2,500 shares of the energy company’s stock valued at $66,000 after purchasing an additional 500 shares during the period. Steinberg Global Asset Management increased its holdings in shares of Apache by 6.2% in the fourth quarter. Steinberg Global Asset Management now owns 16,867 shares of the energy company’s stock valued at $443,000 after purchasing an additional 988 shares during the period. Finally, New Jersey Better Educational Savings Trust increased its holdings in shares of Apache by 8.3% in the fourth quarter. New Jersey Better Educational Savings Trust now owns 13,000 shares of the energy company’s stock valued at $341,000 after purchasing an additional 1,000 shares during the period. 95.45% of the stock is currently owned by institutional investors.

A number of brokerages have recently weighed in on APA. Raymond James set a $44.00 price objective on Apache and gave the company a “buy” rating in a report on Wednesday, January 23rd. Jefferies Financial Group cut their price objective on Apache to $31.00 and set an “underperform” rating on the stock in a report on Thursday, November 15th. BMO Capital Markets reissued a “hold” rating and issued a $37.00 price objective on shares of Apache in a report on Tuesday, November 13th. Morgan Stanley cut their price objective on Apache from $43.00 to $35.00 and set a “sell” rating on the stock in a report on Tuesday, November 20th. Finally, Macquarie raised Apache from an “underperform” rating to a “neutral” rating and set a $37.00 target price on the stock in a report on Friday, November 2nd. They noted that the move was a valuation call. Six investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $42.35.

Apache stock opened at $32.28 on Thursday. The stock has a market cap of $11.97 billion, a P/E ratio of 134.50, a P/E/G ratio of 10.34 and a beta of 1.72. Apache Co. has a 52 week low of $24.56 and a 52 week high of $50.03. The company has a current ratio of 1.26, a quick ratio of 1.10 and a debt-to-equity ratio of 0.90.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Monday, April 22nd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend is Thursday, April 18th. Apache’s dividend payout ratio (DPR) is 416.67%.

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Apache Profile

Apache Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids (NGLs). The company has operations in onshore assets located Permian and Midcontinent/Gulf Coast onshore regions; and offshore assets situated in the Gulf of Mexico region.

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Institutional Ownership by Quarter for Apache (NYSE:APA)

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