Fifth Third Bancorp decreased its stake in shares of Apache Co. (NYSE:APA) by 21.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,888 shares of the energy company’s stock after selling 2,216 shares during the quarter. Fifth Third Bancorp’s holdings in Apache were worth $33,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in APA. Norges Bank purchased a new position in Apache during the fourth quarter worth approximately $102,618,000. Capital World Investors purchased a new position in Apache during the fourth quarter worth approximately $99,801,000. State Street Corp lifted its position in Apache by 8.7% during the fourth quarter. State Street Corp now owns 20,590,533 shares of the energy company’s stock worth $526,912,000 after buying an additional 1,645,015 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Apache by 49.2% during the fourth quarter. Bank of New York Mellon Corp now owns 4,155,062 shares of the energy company’s stock worth $106,327,000 after buying an additional 1,369,676 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in Apache during the fourth quarter worth approximately $25,952,000. Hedge funds and other institutional investors own 91.04% of the company’s stock.

In related news, insider P Anthony Lannie bought 32,942 shares of the stock in a transaction that occurred on Monday, April 6th. The stock was purchased at an average cost of $6.52 per share, with a total value of $214,781.84. Following the purchase, the insider now directly owns 155,334 shares of the company’s stock, valued at approximately $1,012,777.68. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.71% of the company’s stock.

A number of brokerages recently commented on APA. Susquehanna Bancshares downgraded Apache from a “positive” rating to a “neutral” rating and set a $9.00 price objective on the stock. in a research report on Monday, March 16th. MKM Partners upgraded Apache from a “neutral” rating to a “buy” rating and reduced their target price for the company from $31.00 to $22.00 in a research report on Friday, March 20th. Mizuho lifted their target price on Apache from $6.00 to $10.00 and gave the company a “neutral” rating in a research report on Tuesday, April 28th. Royal Bank of Canada restated a “hold” rating on shares of Apache in a research report on Sunday, May 17th. Finally, Credit Suisse Group lifted their target price on Apache from $4.00 to $10.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $18.03.

Shares of NYSE APA opened at $12.17 on Friday. Apache Co. has a twelve month low of $3.80 and a twelve month high of $33.77. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.92. The stock has a fifty day simple moving average of $9.64 and a 200-day simple moving average of $19.58.

Apache (NYSE:APA) last released its earnings results on Wednesday, May 6th. The energy company reported ($0.13) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.33) by $0.20. Apache had a negative return on equity of 1.72% and a negative net margin of 131.89%. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the previous year, the firm posted $0.10 EPS. Apache’s revenue for the quarter was down 22.8% on a year-over-year basis. As a group, analysts anticipate that Apache Co. will post -2.46 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Wednesday, July 22nd will be paid a dividend of $0.025 per share. The ex-dividend date is Tuesday, July 21st. This represents a $0.10 annualized dividend and a yield of 0.82%.

Apache Profile

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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Institutional Ownership by Quarter for Apache (NYSE:APA)

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