Belpointe Asset Management LLC purchased a new stake in shares of Apache Co. (NYSE:APA) in the third quarter, according to the company in its most recent filing with the SEC. The fund purchased 21,560 shares of the energy company’s stock, valued at approximately $987,000.

A number of other hedge funds also recently added to or reduced their stakes in APA. Canada Pension Plan Investment Board boosted its stake in Apache by 42.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 235,158 shares of the energy company’s stock valued at $11,271,000 after purchasing an additional 69,700 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Apache by 8.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,465,263 shares of the energy company’s stock valued at $70,231,000 after purchasing an additional 108,103 shares during the last quarter. Arizona State Retirement System boosted its stake in Apache by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 94,285 shares of the energy company’s stock valued at $4,519,000 after purchasing an additional 300 shares during the last quarter. Wedge Capital Management L L P NC boosted its stake in Apache by 4.7% during the 2nd quarter. Wedge Capital Management L L P NC now owns 171,679 shares of the energy company’s stock valued at $8,229,000 after purchasing an additional 7,664 shares during the last quarter. Finally, Sigma Planning Corp boosted its stake in Apache by 7.9% during the 2nd quarter. Sigma Planning Corp now owns 6,838 shares of the energy company’s stock valued at $328,000 after purchasing an additional 501 shares during the last quarter. Institutional investors and hedge funds own 94.69% of the company’s stock.

Apache Co. (NYSE:APA) opened at $39.72 on Wednesday. Apache Co. has a 12 month low of $38.14 and a 12 month high of $67.76. The company has a quick ratio of 1.37, a current ratio of 1.53 and a debt-to-equity ratio of 0.95.

Apache (NYSE:APA) last posted its quarterly earnings data on Thursday, November 2nd. The energy company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.09. Apache had a negative return on equity of 0.70% and a net margin of 10.60%. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the business earned ($0.03) earnings per share. Apache’s revenue for the quarter was down 3.5% on a year-over-year basis. research analysts anticipate that Apache Co. will post 0.02 EPS for the current year.

In related news, insider P Anthony Lannie sold 19,514 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $44.04, for a total value of $859,396.56. Following the transaction, the insider now owns 37,469 shares in the company, valued at $1,650,134.76. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.48% of the stock is currently owned by corporate insiders.

A number of equities analysts have issued reports on the company. Scotiabank reiterated a “hold” rating and set a $49.00 price target on shares of Apache in a research note on Tuesday, October 10th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Apache in a research note on Thursday, September 21st. Barclays lifted their price target on Apache from $26.00 to $30.00 and gave the company an “underweight” rating in a research note on Monday, November 20th. Citigroup cut their price target on Apache from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Tuesday, August 15th. Finally, Royal Bank of Canada set a $55.00 price target on Apache and gave the company a “hold” rating in a research note on Thursday, August 24th. Ten analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $47.61.

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Apache Company Profile

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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Institutional Ownership by Quarter for Apache (NYSE:APA)

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