New Mexico Educational Retirement Board decreased its stake in shares of Apache Corporation (NYSE:APA) by 8.1% during the second quarter, Holdings Channel reports. The firm owned 35,399 shares of the energy company’s stock after selling 3,100 shares during the period. New Mexico Educational Retirement Board’s holdings in Apache Corporation were worth $1,752,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in APA. Farmhouse Investment Management LLC boosted its stake in shares of Apache Corporation by 33.4% in the second quarter. Farmhouse Investment Management LLC now owns 372,500 shares of the energy company’s stock valued at $17,854,000 after buying an additional 93,250 shares during the last quarter. Pioneer Investment Management Inc. purchased a new stake in shares of Apache Corporation during the second quarter valued at approximately $20,224,000. Tdam USA Inc. boosted its stake in shares of Apache Corporation by 0.5% in the second quarter. Tdam USA Inc. now owns 10,426 shares of the energy company’s stock valued at $495,000 after buying an additional 55 shares during the last quarter. Retirement Systems of Alabama boosted its stake in shares of Apache Corporation by 0.3% in the second quarter. Retirement Systems of Alabama now owns 265,282 shares of the energy company’s stock valued at $12,715,000 after buying an additional 892 shares during the last quarter. Finally, Eagle Ridge Investment Management boosted its stake in shares of Apache Corporation by 13.0% in the second quarter. Eagle Ridge Investment Management now owns 4,784 shares of the energy company’s stock valued at $203,000 after buying an additional 550 shares during the last quarter. 94.04% of the stock is currently owned by institutional investors.

Apache Corporation (NYSE:APA) opened at 42.39 on Friday. The firm’s market capitalization is $16.15 billion. The stock’s 50 day moving average price is $47.14 and its 200-day moving average price is $50.57. Apache Corporation has a one year low of $42.17 and a one year high of $69.00.

Apache Corporation (NYSE:APA) last released its quarterly earnings data on Thursday, August 3rd. The energy company reported ($0.21) earnings per share (EPS) for the quarter, missing the Zacks’ 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 during the quarter, compared to analyst estimates of $1.41 billion. During the same period in the previous year, the business earned ($0.26) earnings per share. The business’s quarterly revenue was up .1% on a year-over-year basis. On average, equities research analysts expect that Apache Corporation will post $0.13 EPS for the current fiscal year.

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APA has been the subject of several recent research reports. ValuEngine cut Apache Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Zacks Investment Research raised Apache Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, May 10th. Scotiabank reissued a “hold” rating and issued a $58.00 price target on shares of Apache Corporation in a research note on Friday, May 5th. Stifel Nicolaus initiated coverage on Apache Corporation in a research note on Tuesday, July 4th. They issued a “hold” rating and a $54.00 price target for the company. Finally, BMO Capital Markets reissued a “hold” rating and issued a $53.00 price target on shares of Apache Corporation in a research note on Friday, May 5th. Eight equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $56.39.

In other Apache Corporation news, Director John E. Lowe acquired 2,500 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was bought at an average cost of $44.90 per share, with a total value of $112,250.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $449,000. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 cost of $51.38 per share, with a total value of $513,800.00. Following the completion of the transaction, the director now owns 10,000 shares of the company’s stock, valued at $513,800. The disclosure for this purchase can be found here. Company 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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Institutional Ownership by Quarter for Apache Corporation (NYSE:APA)

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