Apache Corporation (APA) Shares Sold by IMS Capital Management
IMS Capital Management decreased its stake in shares of Apache Corporation (NYSE:APA) by 1.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,821 shares of the energy company’s stock after selling 239 shares during the period. IMS Capital Management’s holdings in Apache Corporation were worth $615,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. BlackRock Inc. raised its stake in Apache Corporation by 3,551.6% in the first quarter. BlackRock Inc. now owns 29,003,850 shares of the energy company’s stock valued at $1,490,509,000 after buying an additional 28,209,565 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Apache Corporation by 155.6% in the first quarter. JPMorgan Chase & Co. now owns 4,967,031 shares of the energy company’s stock valued at $255,258,000 after buying an additional 3,023,533 shares in the last quarter. Harris Associates L P raised its stake in Apache Corporation by 16.4% in the first quarter. Harris Associates L P now owns 16,397,422 shares of the energy company’s stock valued at $842,663,000 after buying an additional 2,307,915 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Apache Corporation by 156.5% in the first quarter. Ameriprise Financial Inc. now owns 1,578,266 shares of the energy company’s stock valued at $81,064,000 after buying an additional 962,883 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in Apache Corporation during the first quarter valued at about $48,518,000. 93.72% of the stock is owned by institutional investors.
Apache Corporation (NYSE:APA) opened at 40.63 on Thursday. Apache Corporation has a one year low of $40.51 and a one year high of $69.00. The company’s 50-day moving average price is $46.72 and its 200-day moving average price is $50.04. The stock’s market cap is $15.48 billion.
Apache Corporation (NYSE:APA) last issued its quarterly earnings data 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 analysts’ expectations of $1.41 billion. Apache Corporation had a negative net margin of 0.07% and a negative return on equity of 1.03%. The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.26) earnings per share. Analysts forecast that Apache Corporation will post $0.11 EPS for the current fiscal year.
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Several equities research analysts recently issued reports on APA shares. Wells Fargo & Company reissued a “market perform” rating and set a $48.00 price objective (down previously from $55.00) on shares of Apache Corporation in a research note on Saturday, July 22nd. BidaskClub raised Apache Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, July 1st. ValuEngine lowered Apache Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Wolfe Research lowered Apache Corporation from a “market perform” rating to an “underperform” rating in a research note on Monday, July 17th. Finally, Cowen and Company set a $50.00 price objective on Apache Corporation and gave the company a “hold” rating in a research note on Tuesday, July 18th. Eight analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $56.26.
In other news, Director George D. Lawrence bought 900 shares of the stock in a transaction on Friday, August 11th. The stock was bought at an average cost of $42.49 per share, for a total transaction of $38,241.00. Following the completion of the purchase, the director now directly owns 38,445 shares in the company, valued at $1,633,528.05. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John E. Lowe bought 2,500 shares of the stock in a transaction on Monday, August 7th. The stock was purchased at an average price of $44.90 per share, with a total value of $112,250.00. Following the completion of the purchase, 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. 0.48% of the stock is owned by company 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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