Apache Corporation (APA) Stake Lifted by Janus Henderson Group PLC
Janus Henderson Group PLC grew its position in shares of Apache Corporation (NYSE:APA) by 1,390.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 764,980 shares of the energy company’s stock after purchasing an additional 713,661 shares during the period. Janus Henderson Group PLC owned approximately 0.20% of Apache Corporation worth $36,666,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. grew its position 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 worth $1,490,509,000 after acquiring an additional 28,209,565 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in Apache Corporation by 658.0% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 7,427,314 shares of the energy company’s stock worth $355,991,000 after acquiring an additional 6,447,400 shares in the last quarter. Baillie Gifford & Co. grew its position in Apache Corporation by 58.0% in the second quarter. Baillie Gifford & Co. now owns 12,429,930 shares of the energy company’s stock worth $595,767,000 after acquiring an additional 4,561,430 shares in the last quarter. Harris Associates L P grew its position in Apache Corporation by 14.3% in the second quarter. Harris Associates L P now owns 18,741,407 shares of the energy company’s stock worth $898,275,000 after acquiring an additional 2,343,985 shares in the last quarter. Finally, Orbis Allan Gray Ltd grew its position in Apache Corporation by 11.5% in the second quarter. Orbis Allan Gray Ltd now owns 13,381,672 shares of the energy company’s stock worth $641,384,000 after acquiring an additional 1,381,096 shares in the last quarter. Hedge funds and other institutional investors own 94.99% of the company’s stock.
Apache Corporation (APA) opened at 41.60 on Monday. Apache Corporation has a 52 week low of $38.14 and a 52 week high of $69.00. The company’s market capitalization is $15.85 billion. The stock’s 50 day moving average is $42.51 and its 200 day moving average is $46.57.
Apache Corporation (NYSE:APA) last released its 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 firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.41 billion. Apache Corporation had a negative return on equity of 1.03% and a negative net margin of 0.07%. Apache Corporation’s revenue was up .1% compared to the same quarter last year. During the same quarter last year, the business posted ($0.26) EPS. On average, equities research analysts expect that Apache Corporation will post $0.03 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Monday, October 23rd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, October 20th. This represents a $1.00 annualized dividend and a dividend yield of 2.40%. Apache Corporation’s dividend payout ratio (DPR) is presently -4,997.50%.
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In other news, Director George D. Lawrence bought 900 shares of the stock in a transaction dated Friday, August 11th. The stock was purchased at an average price of $42.49 per share, for a total transaction of $38,241.00. Following the acquisition, the director now owns 38,445 shares of the company’s stock, valued at $1,633,528.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director John E. Lowe bought 2,000 shares of the stock in a transaction dated Thursday, August 17th. The stock was purchased at an average price of $40.32 per share, with a total value of $80,640.00. Following the acquisition, the director now directly owns 12,000 shares in the company, valued at approximately $483,840. The disclosure for this purchase can be found here. Insiders bought a total of 5,500 shares of company stock valued at $235,094 in the last 90 days. Company insiders own 0.48% of the company’s stock.
APA has been the subject of several research reports. Zacks Investment Research lowered shares of Apache Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. 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, August 29th. Wells Fargo & Company 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. BidaskClub upgraded shares of Apache Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, July 1st. Finally, Cowen and Company set a $50.00 target price on shares of Apache Corporation and gave the stock a “hold” rating in a research report on Tuesday, July 18th. Nine analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $49.06.
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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