Apache Corporation (APA) Position Lowered by Baldwin Investment Management LLC
Baldwin Investment Management LLC lowered its position in shares of Apache Corporation (NYSE:APA) by 4.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,768 shares of the energy company’s stock after selling 660 shares during the period. Baldwin Investment Management LLC’s holdings in Apache Corporation were worth $708,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in APA. Fulton Bank N.A. raised its position in shares of Apache Corporation by 0.6% in the second quarter. Fulton Bank N.A. now owns 10,316 shares of the energy company’s stock valued at $494,000 after buying an additional 59 shares during the period. Point72 Asset Management L.P. bought a new position in shares of Apache Corporation during the first quarter valued at about $48,518,000. Lee Danner & Bass Inc. raised its position in shares of Apache Corporation by 1.5% in the second quarter. Lee Danner & Bass Inc. now owns 83,237 shares of the energy company’s stock valued at $3,990,000 after buying an additional 1,200 shares during the period. Toronto Dominion Bank raised its position in shares of Apache Corporation by 56.6% in the first quarter. Toronto Dominion Bank now owns 102,458 shares of the energy company’s stock valued at $5,265,000 after buying an additional 37,028 shares during the period. Finally, Brandes Investment Partners LP raised its position in shares of Apache Corporation by 1.4% in the first quarter. Brandes Investment Partners LP now owns 1,169,745 shares of the energy company’s stock valued at $60,113,000 after buying an additional 15,617 shares during the period. Hedge funds and other institutional investors own 95.04% of the company’s stock.
Shares of Apache Corporation (APA) traded down 1.29% during midday trading on Wednesday, reaching $38.37. 608,641 shares of the company’s stock were exchanged. Apache Corporation has a 12-month low of $38.27 and a 12-month high of $69.00. The stock’s 50 day moving average price is $45.27 and its 200 day moving average price is $49.16. The company’s market cap is $14.62 billion.
Apache Corporation (NYSE:APA) last issued its quarterly earnings results on Thursday, August 3rd. The energy company reported ($0.21) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $0.22. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.41 billion. Apache Corporation had a negative return on equity of 1.03% and a negative net margin of 0.07%. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.26) EPS. Equities analysts anticipate that Apache Corporation will post $0.04 earnings per share for the current fiscal year.
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Several brokerages recently issued reports on APA. Scotiabank reiterated a “hold” rating and issued a $58.00 target price on shares of Apache Corporation in a research report on Monday, May 15th. BMO Capital Markets reiterated a “hold” rating and issued a $53.00 target price on shares of Apache Corporation in a research report on Monday, May 15th. Jefferies Group LLC set a $35.00 target price on shares of Apache Corporation and gave the stock a “sell” rating in a research report on Tuesday. Wolfe Research lowered shares of Apache Corporation from a “market perform” rating to an “underperform” rating in a research report on Monday, July 17th. Finally, Wells Fargo & Co reiterated a “market perform” rating and issued a $48.00 target price (down from $55.00) on shares of Apache Corporation in a research report on Saturday, July 22nd. Eight analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the company’s stock. Apache Corporation presently has a consensus rating of “Hold” and an average target price of $56.27.
In other news, Director John E. Lowe bought 2,000 shares of Apache Corporation stock in a transaction that occurred on Thursday, August 17th. The shares were purchased at an average price of $40.32 per share, with a total value of $80,640.00. Following the completion of the acquisition, the director now directly owns 12,000 shares in the company, valued at $483,840. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John E. Lowe bought 2,500 shares of Apache Corporation stock in a transaction that occurred on Monday, August 7th. The stock was purchased at an average cost of $44.90 per share, for a total transaction of $112,250.00. Following the acquisition, the director now owns 10,000 shares of the company’s stock, valued at $449,000. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 5,500 shares of company stock worth $235,094. 0.48% of the stock is owned by corporate insiders.
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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