Whittier Trust Co. of Nevada Inc. lowered its stake in shares of Apache Co. (NYSE:APA) by 31.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,805 shares of the energy company’s stock after selling 5,987 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Apache were worth $336,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Apache by 176.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,673 shares of the energy company’s stock valued at $888,000 after acquiring an additional 11,925 shares during the last quarter. Achmea Investment Management B.V. bought a new stake in Apache in the third quarter valued at approximately $652,000. Douglas Lane & Associates LLC boosted its holdings in Apache by 101.7% in the fourth quarter. Douglas Lane & Associates LLC now owns 351,218 shares of the energy company’s stock valued at $9,219,000 after acquiring an additional 177,102 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Apache by 2.5% in the third quarter. Russell Investments Group Ltd. now owns 361,327 shares of the energy company’s stock valued at $17,142,000 after acquiring an additional 8,837 shares during the last quarter. Finally, CKW Financial Group boosted its holdings in Apache by 25.0% in the fourth quarter. CKW Financial Group now owns 2,500 shares of the energy company’s stock valued at $66,000 after acquiring an additional 500 shares during the last quarter. Institutional investors own 95.30% of the company’s stock.

Shares of NYSE:APA traded down $0.27 during trading on Thursday, reaching $33.53. 730,642 shares of the stock were exchanged, compared to its average volume of 4,179,448. The company has a quick ratio of 1.10, a current ratio of 1.26 and a debt-to-equity ratio of 0.90. Apache Co. has a 1-year low of $24.56 and a 1-year high of $50.03. The firm has a market capitalization of $12.64 billion, a price-to-earnings ratio of 139.71, a PEG ratio of 15.49 and a beta of 1.72.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Monday, April 22nd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend is Thursday, April 18th. Apache’s payout ratio is 416.67%.

Several analysts recently commented on APA shares. Stephens set a $55.00 target price on Apache and gave the company a “buy” rating in a report on Thursday, November 1st. Raymond James reiterated a “buy” rating and issued a $65.00 target price on shares of Apache in a report on Thursday, November 1st. Bank of America started coverage on Apache in a report on Monday, December 3rd. They issued a “buy” rating and a $40.00 target price on the stock. Stifel Nicolaus reiterated a “hold” rating and issued a $45.00 target price on shares of Apache in a report on Monday, November 26th. Finally, Zacks Investment Research lowered Apache from a “buy” rating to a “hold” rating in a research note on Wednesday, November 21st. Six analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $42.35.

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Apache Company Profile

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 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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