Bank of New York Mellon Corp grew its position in Apache Corporation (NYSE:APA) by 0.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,980,740 shares of the energy company’s stock after purchasing an additional 27,069 shares during the quarter. Bank of New York Mellon Corp owned about 0.78% of Apache Corporation worth $136,518,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in APA. LS Investment Advisors LLC lifted its stake in shares of Apache Corporation by 5.3% during the second quarter. LS Investment Advisors LLC now owns 9,759 shares of the energy company’s stock worth $468,000 after buying an additional 495 shares during the period. Louisiana State Employees Retirement System lifted its stake in shares of Apache Corporation by 1.3% during the second quarter. Louisiana State Employees Retirement System now owns 23,600 shares of the energy company’s stock worth $1,131,000 after buying an additional 300 shares during the period. Aperio Group LLC lifted its stake in shares of Apache Corporation by 14.7% during the second quarter. Aperio Group LLC now owns 145,667 shares of the energy company’s stock worth $6,982,000 after buying an additional 18,627 shares during the period. Oakbrook Investments LLC acquired a new stake in shares of Apache Corporation during the second quarter worth $232,000. Finally, APG Asset Management N.V. lifted its stake in shares of Apache Corporation by 62.8% during the second quarter. APG Asset Management N.V. now owns 2,383,055 shares of the energy company’s stock worth $114,220,000 after buying an additional 919,494 shares during the period. 93.63% of the stock is currently owned by institutional investors and hedge funds.
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Shares of Apache Corporation (APA) opened at $41.44 on Wednesday. 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 Corporation has a one year low of $38.14 and a one year high of $69.00.
Apache Corporation (NYSE:APA) last released its earnings results on Thursday, November 2nd. The energy company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.09. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Apache Corporation had a net margin of 10.60% and a negative return on equity of 0.70%. The company’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.03) earnings per share. equities analysts forecast that Apache Corporation will post -0.01 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Monday, October 23rd will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, October 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.41%. Apache Corporation’s dividend payout ratio is currently 57.47%.
Several equities research analysts have recently commented on the stock. Jefferies Group LLC reiterated an “underperform” rating and set a $38.00 price objective on shares of Apache Corporation in a research note on Tuesday, October 10th. Zacks Investment Research downgraded shares of Apache Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Scotiabank reiterated a “hold” rating and set a $49.00 price objective on shares of Apache Corporation in a research note on Tuesday, October 10th. Stifel Nicolaus set a $42.00 price objective on shares of Apache Corporation and gave the stock a “hold” rating in a research note on Thursday, October 5th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $55.00 price objective on shares of Apache Corporation in a research note on Tuesday, November 7th. Ten equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $48.06.
Apache Corporation Profile
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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