Asset Management One Co. Ltd. increased its stake in Apache Co. (NYSE:APA) by 12.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 236,060 shares of the energy company’s stock after buying an additional 25,793 shares during the quarter. Asset Management One Co. Ltd. owned about 0.06% of Apache worth $6,837,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Geode Capital Management LLC boosted its holdings in Apache by 7.5% in the fourth quarter. Geode Capital Management LLC now owns 4,866,739 shares of the energy company’s stock worth $127,525,000 after acquiring an additional 340,044 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Apache by 1.5% in the second quarter. Charles Schwab Investment Management Inc. now owns 2,612,432 shares of the energy company’s stock worth $75,683,000 after acquiring an additional 39,854 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Apache by 1.6% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,518,352 shares of the energy company’s stock worth $43,486,000 after acquiring an additional 23,787 shares in the last quarter. Swiss National Bank boosted its holdings in Apache by 1.9% in the first quarter. Swiss National Bank now owns 1,267,632 shares of the energy company’s stock worth $43,936,000 after acquiring an additional 23,400 shares in the last quarter. Finally, FMR LLC lifted its holdings in shares of Apache by 11.4% during the first quarter. FMR LLC now owns 1,228,048 shares of the energy company’s stock worth $42,564,000 after purchasing an additional 125,520 shares during the period. Institutional investors own 95.30% of the company’s stock.
A number of equities research analysts recently commented on the company. MKM Partners assumed coverage on Apache in a report on Monday, September 16th. They set a “neutral” rating and a $26.00 target price for the company. Morgan Stanley decreased their price target on Apache from $19.00 to $18.00 and set an “underweight” rating for the company in a report on Friday, July 12th. Wolfe Research upgraded Apache from an “underperform” rating to a “peer perform” rating in a research report on Monday, June 3rd. Bank of America cut their price objective on Apache from $30.00 to $29.00 and set an “underperform” rating for the company in a research report on Thursday, August 1st. Finally, TheStreet cut Apache from a “c-” rating to a “d+” rating in a research report on Tuesday, September 3rd. Six analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. Apache currently has an average rating of “Hold” and a consensus target price of $34.16.
In other news, Director John E. Lowe acquired 5,000 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was purchased at an average cost of $21.83 per share, with a total value of $109,150.00. Following the completion of the acquisition, the director now directly owns 30,000 shares in the company, valued at $654,900. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.69% of the company’s stock.
NYSE APA opened at $25.70 on Friday. Apache Co. has a 1-year low of $19.44 and a 1-year high of $50.03. The company has a market capitalization of $9.59 billion, a P/E ratio of 14.52, a PEG ratio of 16.36 and a beta of 1.84. The business has a 50 day moving average price of $22.86 and a 200 day moving average price of $28.27. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.23 and a quick ratio of 1.03.
Apache (NYSE:APA) last announced its quarterly earnings data on Wednesday, July 31st. The energy company reported $0.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.07. Apache had a positive return on equity of 5.12% and a negative net margin of 10.12%. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.58 billion. On average, research analysts expect that Apache Co. will post 0.26 earnings per share for the current fiscal year.
The firm also recently declared a — dividend, which will be paid on Friday, November 22nd. Investors of record on Tuesday, October 22nd will be paid a $0.25 dividend. This represents a dividend yield of 4.1%. The ex-dividend date is Monday, October 21st. Apache’s dividend payout ratio (DPR) is 56.50%.
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 in the Permian and Midcontinent/Gulf Coast onshore regions; and offshore assets situated in the Gulf of Mexico region.
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