Apache Co. (APA) Position Increased by Sicart Associates LLC
Sicart Associates LLC raised its position in Apache Co. (NYSE:APA) by 49.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 102,555 shares of the energy company’s stock after purchasing an additional 34,140 shares during the quarter. Apache accounts for approximately 2.3% of Sicart Associates LLC’s holdings, making the stock its 12th biggest holding. Sicart Associates LLC’s holdings in Apache were worth $4,330,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC purchased a new position in shares of Apache during the third quarter worth approximately $134,000. Valeo Financial Advisors LLC purchased a new position in shares of Apache during the third quarter worth approximately $135,000. Gs Investments Inc. purchased a new position in shares of Apache during the second quarter worth approximately $149,000. North Star Asset Management Inc. purchased a new position in shares of Apache during the third quarter worth approximately $206,000. Finally, Deprince Race & Zollo Inc. purchased a new position in shares of Apache during the third quarter worth approximately $206,000. 94.57% of the stock is currently owned by institutional investors.
In other Apache news, insider P Anthony Lannie sold 19,514 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $44.04, for a total value of $859,396.56. Following the completion of the sale, the insider now directly owns 37,469 shares in the company, valued at $1,650,134.76. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John E. Lowe bought 3,000 shares of the stock in a transaction on Wednesday, December 13th. The stock was purchased at an average price of $40.02 per share, with a total value of $120,060.00. Following the completion of the purchase, the director now owns 15,000 shares of the company’s stock, valued at $600,300. The disclosure for this purchase can be found here. 0.48% of the stock is owned by company insiders.
Apache (NYSE:APA) last announced its earnings results on Thursday, November 2nd. The energy company reported $0.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.09. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.39 billion. Apache had a net margin of 10.60% and a negative return on equity of 0.70%. Apache’s revenue was down 3.5% compared to the same quarter last year. During the same period last year, the firm earned ($0.03) earnings per share. research analysts anticipate that Apache Co. will post 0.06 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 22nd. Shareholders of record on Monday, January 22nd will be paid a $0.25 dividend. The ex-dividend date is Friday, January 19th. This represents a $1.00 annualized dividend and a yield of 2.16%. Apache’s dividend payout ratio (DPR) is 57.80%.
A number of brokerages have recently commented on APA. Scotiabank reaffirmed a “hold” rating and set a $49.00 target price on shares of Apache in a research report on Tuesday, October 10th. Zacks Investment Research lowered shares of Apache from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Jefferies Group reissued an “underperform” rating and set a $38.00 price objective on shares of Apache in a report on Tuesday, October 10th. Stifel Nicolaus set a $42.00 price objective on shares of Apache and gave the company a “hold” rating in a report on Thursday, October 5th. Finally, Royal Bank of Canada reissued a “hold” rating and set a $55.00 price objective on shares of Apache in a report on Tuesday, November 7th. Ten 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 company. The company presently has a consensus rating of “Hold” and an average target price of $45.94.
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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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