Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Apache Co. (NYSE:APA) by 37.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,243,914 shares of the energy company’s stock after acquiring an additional 2,816,600 shares during the period. Apache accounts for about 1.8% of Hotchkis & Wiley Capital Management LLC’s investment portfolio, making the stock its 14th largest position. Hotchkis & Wiley Capital Management LLC owned 2.69% of Apache worth $469,171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Utah Retirement Systems lifted its holdings in shares of Apache by 0.6% during the 2nd quarter. Utah Retirement Systems now owns 69,785 shares of the energy company’s stock worth $3,345,000 after acquiring an additional 400 shares during the period. ARGA Investment Management LP increased its position in Apache by 27.8% during the 2nd quarter. ARGA Investment Management LP now owns 88,829 shares of the energy company’s stock worth $4,258,000 after purchasing an additional 19,300 shares in the last quarter. Hosking Partners LLP increased its position in Apache by 97.4% during the 2nd quarter. Hosking Partners LLP now owns 90,472 shares of the energy company’s stock worth $4,336,000 after purchasing an additional 44,629 shares in the last quarter. Mitchell Group Inc. increased its position in Apache by 2.1% during the 2nd quarter. Mitchell Group Inc. now owns 593,457 shares of the energy company’s stock worth $28,444,000 after purchasing an additional 12,438 shares in the last quarter. Finally, Westpac Banking Corp increased its position in Apache by 4.6% during the 2nd quarter. Westpac Banking Corp now owns 158,502 shares of the energy company’s stock worth $7,597,000 after purchasing an additional 6,900 shares in the last quarter. Institutional investors and hedge funds own 94.30% of the company’s stock.

Shares of Apache Co. (APA) opened at $40.74 on Thursday. The company has a quick ratio of 1.37, a current ratio of 1.53 and a debt-to-equity ratio of 0.95. Apache Co. has a 1 year low of $38.14 and a 1 year high of $69.00.

Apache (NYSE:APA) last issued its quarterly earnings data on Thursday, November 2nd. The energy company reported $0.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.09. Apache had a net margin of 10.60% and a negative return on equity of 0.70%. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter last year, the company earned ($0.03) earnings per share. Apache’s revenue for the quarter was down 3.5% on a year-over-year basis. equities analysts expect that Apache Co. will post 0.02 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Monday, October 23rd were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.45%. The ex-dividend date was Friday, October 20th. Apache’s dividend payout ratio (DPR) is 57.47%.

A number of research firms recently issued reports on APA. Barclays increased their target price on shares of Apache from $26.00 to $30.00 and gave the stock an “underweight” rating in a research report on Monday, November 20th. Scotiabank set a $49.00 target price on shares of Apache and gave the stock a “hold” rating in a research report on Monday, November 13th. BMO Capital Markets reissued a “hold” rating and set a $42.00 target price on shares of Apache in a research report on Tuesday, November 7th. Royal Bank Of Canada reissued a “hold” rating and set a $55.00 target price on shares of Apache in a research report on Tuesday, November 7th. Finally, Bank of America increased their target price on shares of Apache from $41.00 to $42.00 and gave the stock an “underperform” rating in a research report on Monday, November 6th. Ten research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $48.06.

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Apache Profile

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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Institutional Ownership by Quarter for Apache (NYSE:APA)

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