Los Angeles Capital Management & Equity Research Inc. decreased its position in Apache Co. (NYSE:APA) by 67.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 44,576 shares of the energy company’s stock after selling 93,162 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Apache were worth $2,042,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of APA. Dodge & Cox grew its holdings in Apache by 4.0% during the 2nd quarter. Dodge & Cox now owns 29,922,731 shares of the energy company’s stock worth $1,434,196,000 after acquiring an additional 1,152,395 shares during the last quarter. Vanguard Group Inc. grew its holdings in Apache by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 26,448,494 shares of the energy company’s stock worth $1,267,676,000 after acquiring an additional 128,836 shares during the last quarter. State Street Corp grew its holdings in Apache by 0.7% during the 2nd quarter. State Street Corp now owns 20,068,849 shares of the energy company’s stock worth $961,903,000 after acquiring an additional 130,520 shares during the last quarter. Harris Associates L P lifted its position in Apache by 14.3% during the 2nd quarter. Harris Associates L P now owns 18,741,407 shares of the energy company’s stock valued at $898,275,000 after purchasing an additional 2,343,985 shares during the period. Finally, FMR LLC lifted its position in Apache by 2.7% during the 2nd quarter. FMR LLC now owns 15,112,873 shares of the energy company’s stock valued at $724,360,000 after purchasing an additional 404,098 shares during the period. 93.63% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Apache from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Jefferies Group LLC restated an “underperform” rating and set a $38.00 target price on shares of Apache in a research report on Tuesday, October 10th. Scotiabank restated a “hold” rating and set a $49.00 target price on shares of Apache in a research report on Tuesday, October 10th. Stifel Nicolaus set a $42.00 target price on shares of Apache and gave the company a “hold” rating in a research report on Thursday, October 5th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $55.00 target price on shares of Apache in a research report on Tuesday, November 7th. Ten analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $48.06.

Shares of Apache Co. (NYSE:APA) opened at $41.14 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.37 and a current ratio of 1.53. Apache Co. has a 52-week low of $38.14 and a 52-week high of $69.00.

Apache (NYSE:APA) last announced its quarterly earnings results on Thursday, November 2nd. The energy company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.09. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.39 billion. Apache had a net margin of 10.60% and a negative return on equity of 0.70%. Apache’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same period last year, the company posted ($0.03) EPS. research analysts forecast that Apache Co. will post 0.01 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Monday, October 23rd were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, October 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.43%. Apache’s dividend payout ratio is 57.47%.

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About Apache

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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