Usca Ria LLC Has $273,000 Position in Apache Corporation (APA)
Usca Ria LLC increased its position in shares of Apache Corporation (NYSE:APA) by 3.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,700 shares of the energy company’s stock after buying an additional 201 shares during the period. Usca Ria LLC’s holdings in Apache Corporation were worth $273,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Macquarie Group Ltd. increased its position in shares of Apache Corporation by 13.5% in the fourth quarter. Macquarie Group Ltd. now owns 11,800 shares of the energy company’s stock worth $749,000 after buying an additional 1,400 shares in the last quarter. State of Alaska Department of Revenue bought a new position in shares of Apache Corporation during the first quarter worth about $135,000. Nationwide Fund Advisors increased its position in shares of Apache Corporation by 11.7% in the first quarter. Nationwide Fund Advisors now owns 133,169 shares of the energy company’s stock worth $6,844,000 after buying an additional 13,959 shares in the last quarter. First Manhattan Co. increased its position in shares of Apache Corporation by 0.5% in the first quarter. First Manhattan Co. now owns 11,848 shares of the energy company’s stock worth $756,000 after buying an additional 55 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Apache Corporation by 0.8% in the first quarter. Russell Investments Group Ltd. now owns 343,748 shares of the energy company’s stock worth $17,667,000 after buying an additional 2,846 shares in the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.
Apache Corporation (NYSE APA) opened at 38.87 on Wednesday. Apache Corporation has a 12-month low of $38.35 and a 12-month high of $69.00. The firm’s market cap is $14.81 billion. The company has a 50-day moving average price of $45.27 and a 200-day moving average price of $49.16.
Apache Corporation (NYSE:APA) last issued its quarterly earnings results on Thursday, August 3rd. The energy company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by $0.22. The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.41 billion. Apache Corporation had a negative return on equity of 1.03% and a negative net margin of 0.07%. The company’s revenue was up .1% on a year-over-year basis. During the same period in the prior year, the company posted ($0.26) earnings per share. On average, equities analysts predict that Apache Corporation will post $0.04 earnings per share for the current year.
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APA has been the topic of a number of analyst reports. Zacks Investment Research downgraded Apache Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, May 2nd. BMO Capital Markets reiterated a “hold” rating and issued a $53.00 price target on shares of Apache Corporation in a report on Friday, May 5th. Scotiabank reiterated a “hold” rating and issued a $58.00 price target on shares of Apache Corporation in a report on Friday, May 5th. Bank of America Corporation restated a “buy” rating and set a $57.00 target price (down from $60.00) on shares of Apache Corporation in a research note on Thursday, May 11th. Finally, Jefferies Group LLC restated a “sell” rating and set a $40.00 target price on shares of Apache Corporation in a research note on Wednesday, May 17th. Eight equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company. Apache Corporation currently has a consensus rating of “Hold” and a consensus target price of $56.27.
In related news, Director John E. Lowe purchased 2,500 shares of Apache Corporation stock in a transaction dated Monday, August 7th. The stock was bought at an average cost of $44.90 per share, with a total value of $112,250.00. Following the purchase, the director now owns 10,000 shares in the company, valued at approximately $449,000. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director George D. Lawrence purchased 900 shares of Apache Corporation stock in a transaction dated Friday, August 11th. The stock was bought at an average cost of $42.49 per share, with a total value of $38,241.00. Following the completion of the purchase, the director now owns 38,445 shares in the company, valued at approximately $1,633,528.05. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 5,500 shares of company stock valued at $235,094. Company insiders own 0.48% of the company’s stock.
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. It has production in four segments: the United States, Canada, Egypt and the United Kingdom North Sea. It also pursues exploration interests in Suriname.
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