Bank of New York Mellon Corp lifted its position in shares of Apache Co. (NYSE:APA) by 0.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 2,980,740 shares of the energy company’s stock after buying an additional 27,069 shares during the period. Bank of New York Mellon Corp owned 0.78% of Apache worth $136,518,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of APA. Hanson McClain Inc. acquired a new stake in Apache during the 2nd quarter valued at $106,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in Apache during the 2nd quarter valued at $142,000. Gs Investments Inc. bought a new position in Apache during the 2nd quarter valued at $149,000. Bronfman E.L. Rothschild L.P. boosted its stake in Apache by 410.5% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,635 shares of the energy company’s stock valued at $174,000 after acquiring an additional 2,923 shares during the last quarter. Finally, Dupont Capital Management Corp bought a new position in Apache during the 2nd quarter valued at $200,000. 94.55% of the stock is currently owned by institutional investors.
Apache Co. (NYSE:APA) traded up $0.06 during trading on Thursday, reaching $40.63. 2,200,419 shares of the company’s stock traded hands, compared to its average volume of 3,591,761. 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 Co. has a 52-week low of $38.14 and a 52-week high of $69.00.
Apache (NYSE:APA) last announced its quarterly earnings data on Thursday, November 2nd. The energy company reported $0.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.09. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Apache had a net margin of 10.60% and a negative return on equity of 0.70%. The business’s revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.03) EPS. research analysts forecast that Apache Co. will post 0.02 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Monday, October 23rd were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.46%. The ex-dividend date was Friday, October 20th. Apache’s dividend payout ratio (DPR) is currently 57.47%.
APA has been the topic of a number of research analyst reports. Morgan Stanley increased their price objective on shares of Apache 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 price objective on shares of Apache and gave the company a “hold” rating in a research note on Monday, November 13th. Bank of America raised their price target on shares of Apache from $41.00 to $42.00 and gave the stock an “underperform” rating in a research report on Monday, November 6th. BMO Capital Markets set a $45.00 price target on shares of Apache and gave the stock a “hold” rating in a research report on Tuesday, October 10th. Finally, J P Morgan Chase & Co downgraded shares of Apache from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $46.00 to $38.00 in a research report on Thursday, September 14th. Ten equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $48.06.
In other news, insider P Anthony Lannie sold 19,514 shares of Apache stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $44.04, for a total value of $859,396.56. Following the transaction, the insider now directly owns 37,469 shares of the company’s stock, valued at $1,650,134.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.48% of the company’s stock.
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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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