Apache Corporation (APA) Shares Bought by Gamco Investors INC. ET AL
Gamco Investors INC. ET AL lifted its position in Apache Corporation (NYSE:APA) by 6.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,700 shares of the company’s stock after acquiring an additional 5,600 shares during the period. Gamco Investors INC. ET AL’s holdings in Apache Corporation were worth $4,154,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently modified their holdings of APA. Hanson McClain Inc. acquired a new stake in shares of Apache Corporation in the second quarter worth approximately $106,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new position in Apache Corporation during the second quarter worth approximately $142,000. Gs Investments Inc. purchased a new position in Apache Corporation during the second quarter worth approximately $149,000. Bronfman E.L. Rothschild L.P. lifted its position in Apache Corporation by 410.5% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,635 shares of the company’s stock worth $174,000 after buying an additional 2,923 shares in the last quarter. Finally, Dupont Capital Management Corp purchased a new position in Apache Corporation during the second quarter worth approximately $200,000. 94.98% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently commented on APA shares. Morgan Stanley lifted their price objective on Apache Corporation from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 18th. Royal Bank Of Canada set a $55.00 price objective on Apache Corporation and gave the stock a “hold” rating in a research report on Thursday, August 24th. Bank of America Corporation lifted their price objective on Apache Corporation from $41.00 to $42.00 and gave the stock an “underperform” rating in a research report on Monday, November 6th. Jefferies Group LLC reiterated an “underperform” rating and set a $38.00 price objective on shares of Apache Corporation in a research report on Tuesday, October 10th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $42.00 price objective on shares of Apache Corporation in a research report on Tuesday, November 7th. Ten analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. Apache Corporation has a consensus rating of “Hold” and a consensus target price of C$47.82.
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In related news, Director John E. Lowe bought 2,000 shares of the stock in a transaction that occurred on Thursday, August 17th. The stock was purchased at an average cost of C$40.32 per share, with a total value of C$80,640.00. Following the purchase, the director now directly owns 12,000 shares of the company’s stock, valued at approximately C$483,840. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.48% of the stock is currently owned by insiders.
Shares of Apache Corporation (NYSE APA) opened at C$44.13 on Monday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.37 and a current ratio of 1.53. Apache Corporation has a 1-year low of C$38.14 and a 1-year high of C$69.00.
Apache Corporation (NYSE:APA) last posted its quarterly earnings data on Thursday, November 2nd. The company reported C$0.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C($0.05) by C$0.09. The firm had revenue of C$1.39 billion for the quarter, compared to the consensus estimate of C$1.39 billion. Apache Corporation had a negative return on equity of 0.70% and a net margin of 10.60%. The company’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.03) EPS. sell-side analysts anticipate that Apache Corporation will post -0.01 EPS for the current year.
The company 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. The ex-dividend date is Friday, October 20th. This represents a $1.00 annualized dividend and a dividend yield of 2.27%. Apache Corporation’s dividend payout ratio is presently 57.47%.
About Apache Corporation
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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