HL Financial Services LLC decreased its stake in shares of Apache Corporation (NYSE:APA) by 4.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,132 shares of the energy company’s stock after selling 849 shares during the period. HL Financial Services LLC’s holdings in Apache Corporation were worth $869,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. BlackRock Inc. increased its stake in shares of 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 during the last quarter. Vanguard Group Inc. increased its stake in Apache Corporation by 2.4% in the first quarter. Vanguard Group Inc. now owns 26,319,658 shares of the energy company’s stock worth $1,352,568,000 after buying an additional 626,822 shares in the last quarter. State Street Corp increased its stake in Apache Corporation by 0.7% in the first quarter. State Street Corp now owns 19,938,329 shares of the energy company’s stock worth $1,024,633,000 after buying an additional 146,990 shares in the last quarter. Harris Associates L P increased 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 worth $842,663,000 after buying an additional 2,307,915 shares in the last quarter. Finally, FIL Ltd increased its stake in Apache Corporation by 1.0% in the first quarter. FIL Ltd now owns 5,187,065 shares of the energy company’s stock worth $266,563,000 after buying an additional 49,710 shares in the last quarter. 94.04% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Apache Corporation (NYSE:APA) opened at 42.39 on Friday. The company’s market capitalization is $16.15 billion. The stock has a 50 day moving average price of $47.14 and a 200 day moving average price of $50.57. Apache Corporation has a 1-year low of $42.17 and a 1-year high of $69.00.

Apache Corporation (NYSE:APA) last issued its quarterly earnings data on Thursday, August 3rd. The energy company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $0.01 by $0.22. The business 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%. The business’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.26) EPS. Analysts forecast that Apache Corporation will post $0.13 earnings per share for the current year.

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A number of analysts have recently commented on the company. Jefferies Group LLC reissued a “sell” rating and issued a $40.00 price objective on shares of Apache Corporation in a research note on Wednesday, May 17th. BMO Capital Markets reissued a “hold” rating and issued a $53.00 price objective on shares of Apache Corporation in a research note on Monday, May 15th. Barclays PLC reissued a “sell” rating and issued a $41.00 price objective (down previously from $50.00) on shares of Apache Corporation in a research note on Thursday, April 20th. Zacks Investment Research downgraded Apache Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, May 2nd. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $55.00 price objective on shares of Apache Corporation in a research note on Thursday, July 20th. Eight investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $56.39.

In other news, Director John E. Lowe bought 2,500 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were acquired at an average price of $44.90 per share, for a total transaction of $112,250.00. Following the completion of the acquisition, the director now directly owns 10,000 shares in the company, valued at $449,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rene R. Joyce bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The stock was purchased at an average price of $51.38 per share, for a total transaction of $513,800.00. Following the acquisition, 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. 0.48% of the stock is owned by 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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Institutional Ownership by Quarter for Apache Corporation (NYSE:APA)

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