Hamel Associates Inc. grew its position in shares of Apache Co. (NYSE:APA) by 7.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,330 shares of the energy company’s stock after purchasing an additional 5,625 shares during the period. Hamel Associates Inc.’s holdings in Apache were worth $2,240,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Mn Services Vermogensbeheer B.V. grew its position in shares of Apache by 196.7% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 192,634 shares of the energy company’s stock valued at $5,581,000 after purchasing an additional 127,700 shares in the last quarter. Strs Ohio grew its position in Apache by 1.3% in the first quarter. Strs Ohio now owns 324,296 shares of the energy company’s stock worth $11,240,000 after acquiring an additional 4,299 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Apache by 569.2% in the first quarter. Envestnet Asset Management Inc. now owns 268,390 shares of the energy company’s stock worth $9,302,000 after acquiring an additional 228,284 shares in the last quarter. South Dakota Investment Council grew its position in Apache by 6.6% in the first quarter. South Dakota Investment Council now owns 598,755 shares of the energy company’s stock worth $20,753,000 after acquiring an additional 37,318 shares in the last quarter. Finally, State of Wisconsin Investment Board grew its position in Apache by 430.7% in the first quarter. State of Wisconsin Investment Board now owns 509,135 shares of the energy company’s stock worth $17,647,000 after acquiring an additional 413,193 shares in the last quarter. Hedge funds and other institutional investors own 95.41% of the company’s stock.

Shares of NYSE:APA traded up $0.02 during trading hours on Wednesday, hitting $21.75. 280,943 shares of the company’s stock traded hands, compared to its average volume of 5,770,427. Apache Co. has a 1 year low of $19.44 and a 1 year high of $50.03. The business has a fifty day moving average price of $24.12 and a 200-day moving average price of $29.99. The firm has a market capitalization of $8.31 billion, a P/E ratio of 12.31, a price-to-earnings-growth ratio of 9.36 and a beta of 1.80. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.23 and a quick ratio of 1.03.

Apache (NYSE:APA) last announced its earnings results on Wednesday, July 31st. The energy company reported $0.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.07. Apache had a positive return on equity of 5.12% and a negative net margin of 10.12%. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.58 billion. As a group, equities analysts predict that Apache Co. will post 0.37 earnings per share for the current year.

In other Apache news, Director Juliet S. Ellis bought 3,500 shares of the company’s stock in a transaction on Friday, May 24th. The stock was acquired at an average price of $27.26 per share, for a total transaction of $95,410.00. Following the completion of the transaction, the director now directly owns 3,500 shares of the company’s stock, valued at $95,410. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director John E. Lowe purchased 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were bought at an average cost of $21.83 per share, with a total value of $109,150.00. Following the purchase, the director now directly owns 30,000 shares of the company’s stock, valued at approximately $654,900. The disclosure for this purchase can be found here. Insiders have acquired 10,500 shares of company stock valued at $256,400 in the last 90 days. Company insiders own 0.69% of the company’s stock.

Several research analysts recently commented on APA shares. ValuEngine upgraded Apache from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 1st. Morgan Stanley dropped their price target on Apache from $19.00 to $18.00 and set an “underweight” rating for the company in a research report on Friday, July 12th. Wolfe Research upgraded Apache from an “underperform” rating to a “peer perform” rating in a research report on Monday, June 3rd. Bank of America dropped their price target on Apache from $30.00 to $29.00 and set an “underperform” rating for the company in a research report on Thursday, August 1st. Finally, Seaport Global Securities reiterated a “neutral” rating on shares of Apache in a research report on Friday, June 21st. Six research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company. Apache has an average rating of “Hold” and a consensus target price of $36.33.

About Apache

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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