Apache Corporation (APA) Position Increased by BTR Capital Management Inc.
BTR Capital Management Inc. boosted its stake in shares of Apache Corporation (NYSE:APA) by 2.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,305 shares of the energy company’s stock after buying an additional 1,725 shares during the period. BTR Capital Management Inc.’s holdings in Apache Corporation were worth $3,130,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the stock. AQR Capital Management LLC increased its stake in Apache Corporation by 25.8% in the fourth quarter. AQR Capital Management LLC now owns 58,315 shares of the energy company’s stock valued at $3,701,000 after buying an additional 11,974 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in Apache Corporation by 5.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 13,140 shares of the energy company’s stock valued at $834,000 after buying an additional 690 shares during the last quarter. Dodge & Cox purchased a new stake in Apache Corporation during the fourth quarter valued at $1,834,035,000. River & Mercantile Asset Management LLP purchased a new stake in Apache Corporation during the fourth quarter valued at $3,886,000. Finally, Lincoln Capital Corp purchased a new stake in Apache Corporation during the fourth quarter valued at $2,895,000. 94.06% of the stock is owned by institutional investors and hedge funds.
Apache Corporation (NYSE APA) opened at 48.56 on Monday. The firm has a 50-day moving average price of $48.33 and a 200 day moving average price of $54.10. The stock’s market cap is $18.47 billion. Apache Corporation has a 52-week low of $44.60 and a 52-week high of $69.00. Apache Corporation also saw unusually large options trading on Friday. Investors purchased 1,516 call options on the company. This represents an increase of approximately 470% compared to the average daily volume of 266 call options.
Apache Corporation (NYSE:APA) last announced its quarterly earnings results on Thursday, May 4th. The energy company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.08. Apache Corporation had a negative return on equity of 1.27% and a negative net margin of 13.34%. The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the firm posted ($0.40) EPS. Equities analysts anticipate that Apache Corporation will post $0.62 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 22nd. Stockholders of record on Friday, July 21st will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, July 19th. This represents a $1.00 annualized dividend and a dividend yield of 2.06%. Apache Corporation’s dividend payout ratio (DPR) is -46.08%.
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Several equities research analysts have recently weighed in on APA shares. KLR Group reissued a “buy” rating and issued a $79.00 price objective on shares of Apache Corporation in a report on Monday, March 20th. Scotiabank set a $58.00 price objective on Apache Corporation and gave the company a “hold” rating in a report on Monday, March 27th. Stifel Nicolaus started coverage on Apache Corporation in a report on Friday, April 7th. They issued a “hold” rating and a $54.00 price objective for the company. Barclays PLC reissued a “sell” rating and issued a $41.00 price objective (down from $50.00) on shares of Apache Corporation in a report on Thursday, April 20th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $63.00 price objective on shares of Apache Corporation in a report on Tuesday, April 25th. Six equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the stock. Apache Corporation presently has a consensus rating of “Hold” and a consensus price target of $57.90.
In other news, Director Rene R. Joyce acquired 10,000 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was acquired at an average price of $51.38 per share, for a total transaction of $513,800.00. Following the completion of the acquisition, the director now directly owns 10,000 shares in the company, valued at approximately $513,800. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.48% of the company’s stock.
Apache Corporation Company Profile
Apache Corporation is an independent energy company. The Company explores for, develops, and produces natural gas, crude oil and natural gas liquids. It has production in four segments: the United States, Canada, Egypt and the United Kingdom North Sea. It also pursues exploration interests in Suriname.
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