Linscomb & Williams Inc. Has $2.27 Million Position in Apache Co. (APA)
Linscomb & Williams Inc. increased its stake in shares of Apache Co. (NYSE:APA) by 4.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,549 shares of the energy company’s stock after purchasing an additional 2,809 shares during the period. Linscomb & Williams Inc.’s holdings in Apache were worth $2,272,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in APA. Capital Investment Advisory Services LLC acquired a new stake in shares of Apache during the fourth quarter worth $29,000. Truehand Inc acquired a new stake in shares of Apache during the fourth quarter worth $38,000. Oregon Public Employees Retirement Fund grew its stake in shares of Apache by 2,492.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,087,958 shares of the energy company’s stock worth $41,000 after purchasing an additional 1,045,998 shares during the period. Rational Advisors LLC grew its stake in shares of Apache by 12,875.0% during the fourth quarter. Rational Advisors LLC now owns 1,557 shares of the energy company’s stock worth $41,000 after purchasing an additional 1,545 shares during the period. Finally, Pinnacle Bank acquired a new stake in shares of Apache during the fourth quarter worth $47,000. 98.72% of the stock is owned by institutional investors and hedge funds.
A number of brokerages recently commented on APA. Zacks Investment Research raised Apache from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Tuesday, April 9th. BMO Capital Markets lifted their price objective on Apache from $30.00 to $36.00 and gave the stock a “market perform” rating in a research note on Friday, April 5th. ValuEngine raised Apache from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 30th. Credit Suisse Group lifted their price objective on Apache from $36.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, February 28th. Finally, Seaport Global Securities reissued a “hold” rating on shares of Apache in a research note on Wednesday, January 30th. Five research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the stock. Apache has an average rating of “Hold” and a consensus target price of $41.55.
NYSE:APA opened at $27.33 on Friday. Apache Co. has a 1 year low of $24.56 and a 1 year high of $50.03. The company has a quick ratio of 0.87, a current ratio of 1.05 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $10.27 billion, a price-to-earnings ratio of 15.44, a price-to-earnings-growth ratio of 4.63 and a beta of 1.72.
Apache (NYSE:APA) last posted its earnings results on Wednesday, May 1st. The energy company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Apache had a positive return on equity of 6.71% and a negative net margin of 2.08%. The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same period in the previous year, the firm earned $0.32 earnings per share. The company’s revenue was down 6.4% on a year-over-year basis. As a group, equities research analysts anticipate that Apache Co. will post 1.11 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 22nd. Stockholders of record on Monday, July 22nd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, July 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.66%. Apache’s dividend payout ratio (DPR) is 56.50%.
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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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