Apache Corporation (APA) Holdings Trimmed by Capital Research Global Investors
Capital Research Global Investors cut its stake in shares of Apache Corporation (NYSE:APA) by 15.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,963,850 shares of the energy company’s stock after selling 2,410,000 shares during the period. Capital Research Global Investors owned about 3.40% of Apache Corporation worth $621,357,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the business. UBS Asset Management Americas Inc. grew its stake in shares of Apache Corporation by 3.8% in the 1st quarter. UBS Asset Management Americas Inc. now owns 1,089,569 shares of the energy company’s stock worth $55,993,000 after acquiring an additional 39,733 shares in the last quarter. Alambic Investment Management L.P. raised its holdings in shares of Apache Corporation by 95.3% in the first quarter. Alambic Investment Management L.P. now owns 103,636 shares of the energy company’s stock valued at $5,326,000 after purchasing an additional 50,570 shares during the last quarter. Clifford Swan Investment Counsel LLC raised its holdings in shares of Apache Corporation by 6.2% in the first quarter. Clifford Swan Investment Counsel LLC now owns 55,603 shares of the energy company’s stock valued at $2,857,000 after purchasing an additional 3,245 shares during the last quarter. Baldwin Investment Management LLC raised its holdings in shares of Apache Corporation by 0.7% in the first quarter. Baldwin Investment Management LLC now owns 15,428 shares of the energy company’s stock valued at $793,000 after purchasing an additional 100 shares during the last quarter. Finally, Hosking Partners LLP purchased a new stake in shares of Apache Corporation in the first quarter valued at about $2,356,000. Institutional investors and hedge funds own 95.00% of the company’s stock.
In other Apache Corporation news, Director George D. Lawrence purchased 900 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were acquired at an average cost of $42.49 per share, for a total transaction of $38,241.00. Following the completion of the transaction, the director now owns 38,445 shares of the company’s stock, valued at $1,633,528.05. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John E. Lowe purchased 2,500 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was acquired at an average price of $44.90 per share, for a total transaction of $112,250.00. Following the completion of the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $449,000. The disclosure for this purchase can be found here. Insiders have purchased 5,500 shares of company stock valued at $235,094 over the last 90 days. 0.48% of the stock is currently owned by company insiders.
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A number of equities research analysts have issued reports on the stock. Cowen and Company set a $50.00 price objective on shares of Apache Corporation and gave the stock a “hold” rating in a research report on Tuesday, July 18th. Royal Bank Of Canada reissued a “hold” rating and set a $55.00 target price on shares of Apache Corporation in a research report on Thursday, July 20th. BidaskClub raised shares of Apache Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Zacks Investment Research downgraded Apache Corporation from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 5th. Finally, Stifel Nicolaus began coverage on Apache Corporation in a research note on Tuesday, July 4th. They issued a “hold” rating and a $54.00 target price on the stock. Nine investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $51.59.
Apache Corporation (APA) traded down 0.42% on Tuesday, reaching $45.53. 447,355 shares of the company traded hands. The stock’s market capitalization is $17.34 billion. Apache Corporation has a 1-year low of $38.14 and a 1-year high of $69.00. The stock’s 50-day moving average is $41.55 and its 200-day moving average is $47.02.
Apache Corporation (NYSE:APA) last released its quarterly earnings results on Thursday, August 3rd. The energy company reported ($0.21) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.22). Apache Corporation had a negative net margin of 0.07% and a negative return on equity of 1.03%. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the previous year, the company earned ($0.26) EPS. Apache Corporation’s revenue for the quarter was up .1% compared to the same quarter last year. Equities research analysts expect that Apache Corporation will post $0.03 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Monday, October 23rd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Friday, October 20th. Apache Corporation’s payout ratio is -4,997.50%.
Apache Corporation 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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