Butensky & Cohen Financial Security Inc. Grows Position in Apache Co. (APA)
Butensky & Cohen Financial Security Inc. increased its holdings in Apache Co. (NYSE:APA) by 25.8% in the first quarter, HoldingsChannel.com reports. The fund owned 31,970 shares of the energy company’s stock after purchasing an additional 6,560 shares during the quarter. Butensky & Cohen Financial Security Inc.’s holdings in Apache were worth $1,108,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in APA. Pacer Advisors Inc. lifted its stake in Apache by 47.1% in the third quarter. Pacer Advisors Inc. now owns 25,315 shares of the energy company’s stock worth $1,207,000 after acquiring an additional 8,110 shares during the period. Vident Investment Advisory LLC purchased a new stake in Apache in the third quarter worth about $215,000. Man Group plc lifted its stake in Apache by 13.8% in the third quarter. Man Group plc now owns 101,972 shares of the energy company’s stock worth $4,861,000 after acquiring an additional 12,366 shares during the period. Dodge & Cox lifted its stake in Apache by 1.1% in the third quarter. Dodge & Cox now owns 39,601,676 shares of the energy company’s stock worth $1,887,812,000 after acquiring an additional 415,850 shares during the period. Finally, Macquarie Group Ltd. lifted its stake in Apache by 718.2% in the third quarter. Macquarie Group Ltd. now owns 9,000 shares of the energy company’s stock worth $429,000 after acquiring an additional 7,900 shares during the period. 99.82% of the stock is owned by institutional investors.
Shares of APA stock traded up $1.16 during mid-day trading on Monday, hitting $37.03. 157,100 shares of the stock traded hands, compared to its average volume of 3,828,983. The firm has a market cap of $13.74 billion, a price-to-earnings ratio of 20.93, a PEG ratio of 5.90 and a beta of 1.76. Apache Co. has a 52-week low of $24.56 and a 52-week high of $50.03. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.04 and a current ratio of 1.22.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Monday, April 22nd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $1.00 annualized dividend and a dividend yield of 2.70%. Apache’s dividend payout ratio (DPR) is currently 56.50%.
Several research firms have commented on APA. Raymond James reissued a “buy” rating and set a $51.00 price target on shares of Apache in a research report on Monday, December 24th. ValuEngine lowered shares of Apache from a “sell” rating to a “strong sell” rating in a research report on Wednesday, January 2nd. Zacks Investment Research lowered shares of Apache from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 3rd. Royal Bank of Canada reissued a “hold” rating and set a $39.00 price target on shares of Apache in a research report on Monday, January 7th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $35.00 price target on shares of Apache in a research report on Wednesday, January 9th. Five equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the stock. Apache has a consensus rating of “Hold” and an average price target of $41.82.
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Apache Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids (NGLs). The company has operations in onshore assets located in the Permian and Midcontinent/Gulf Coast onshore regions; and offshore assets situated in the Gulf of Mexico region.
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