Thompson Investment Management Inc. Acquires 1,755 Shares of Apache Corporation (APA)
Thompson Investment Management Inc. grew its holdings in Apache Corporation (NYSE:APA) by 2.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 66,619 shares of the energy company’s stock after purchasing an additional 1,755 shares during the period. Thompson Investment Management Inc.’s holdings in Apache Corporation were worth $3,051,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Dodge & Cox raised its holdings in shares of Apache Corporation by 4.0% in the second quarter. Dodge & Cox now owns 29,922,731 shares of the energy company’s stock valued at $1,434,196,000 after purchasing an additional 1,152,395 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Apache Corporation by 0.5% in the second quarter. Vanguard Group Inc. now owns 26,448,494 shares of the energy company’s stock valued at $1,267,676,000 after purchasing an additional 128,836 shares during the last quarter. State Street Corp raised its holdings in shares of Apache Corporation by 0.7% in the second quarter. State Street Corp now owns 20,068,849 shares of the energy company’s stock valued at $961,903,000 after purchasing an additional 130,520 shares during the last quarter. Harris Associates L P raised its holdings in shares of Apache Corporation by 14.3% in the second 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 last quarter. Finally, FMR LLC raised its holdings in shares of Apache Corporation by 2.7% in the second 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 last quarter. Institutional investors own 94.98% of the company’s stock.
Several research firms recently weighed in on APA. Morgan Stanley raised their target price on shares of Apache Corporation from $45.00 to $46.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 18th. Scotiabank set a $49.00 target price on shares of Apache Corporation and gave the company a “hold” rating in a research note on Monday. Bank of America Corporation raised their target price on shares of Apache Corporation from $41.00 to $42.00 and gave the company an “underperform” rating in a research note on Monday, November 6th. BMO Capital Markets set a $45.00 target price on shares of Apache Corporation and gave the company a “hold” rating in a research note on Tuesday, October 10th. Finally, J P Morgan Chase & Co cut shares of Apache Corporation from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $46.00 to $38.00 in a research note on Thursday, September 14th. Ten equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company’s stock. Apache Corporation presently has a consensus rating of “Hold” and a consensus price target of $47.82.
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Apache Corporation (NYSE:APA) traded down $0.85 on Thursday, hitting $41.03. The stock had a trading volume of 2,855,600 shares, compared to its average volume of 3,662,954. Apache Corporation has a 12 month low of $38.14 and a 12 month high of $69.00. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.53 and a quick ratio of 1.37.
Apache Corporation (NYSE:APA) last posted its earnings results on Thursday, November 2nd. The energy company reported $0.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.09. Apache Corporation had a negative return on equity of 0.70% and a net margin of 10.60%. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter last year, the firm earned ($0.03) earnings per share. The company’s revenue was down 3.5% on a year-over-year basis. sell-side analysts predict that Apache Corporation will post -0.01 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Monday, October 23rd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date is Friday, October 20th. Apache Corporation’s dividend payout ratio is currently 57.47%.
About Apache Corporation
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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