Charter Trust Co. raised its holdings in Apache Co. (NYSE:APA) by 41.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,253 shares of the energy company’s stock after purchasing an additional 2,399 shares during the quarter. Charter Trust Co.’s holdings in Apache were worth $348,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of APA. AXA raised its position in Apache by 5.5% in the second quarter. AXA now owns 32,035 shares of the energy company’s stock valued at $1,535,000 after purchasing an additional 1,669 shares during the period. Riverhead Capital Management LLC raised its position in Apache by 9.6% in the second quarter. Riverhead Capital Management LLC now owns 11,400 shares of the energy company’s stock valued at $546,000 after purchasing an additional 997 shares during the period. Nationwide Fund Advisors raised its position in Apache by 1.1% in the second quarter. Nationwide Fund Advisors now owns 134,679 shares of the energy company’s stock valued at $6,455,000 after purchasing an additional 1,510 shares during the period. PNC Financial Services Group Inc. raised its position in Apache by 9.5% in the second quarter. PNC Financial Services Group Inc. now owns 140,422 shares of the energy company’s stock valued at $6,731,000 after purchasing an additional 12,177 shares during the period. Finally, Thrivent Financial For Lutherans raised its position in Apache by 2.6% in the second quarter. Thrivent Financial For Lutherans now owns 14,380 shares of the energy company’s stock valued at $689,000 after purchasing an additional 360 shares during the period. Institutional investors own 94.57% of the company’s stock.
In related news, insider P Anthony Lannie sold 19,514 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $44.04, for a total transaction of $859,396.56. Following the completion of the transaction, the insider now directly owns 37,469 shares of the company’s stock, valued at approximately $1,650,134.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John E. Lowe bought 3,000 shares of the stock in a transaction that occurred on Wednesday, December 13th. The shares were bought at an average cost of $40.02 per share, with a total value of $120,060.00. Following the completion of the purchase, the director now directly owns 15,000 shares in the company, valued at $600,300. The disclosure for this purchase can be found here. Insiders own 0.48% of the company’s stock.
APA has been the topic of several research analyst reports. Morgan Stanley boosted their price objective on Apache from $45.00 to $46.00 and gave the company an “equal weight” rating in a report on Wednesday, October 18th. Scotiabank set a $49.00 price objective on Apache and gave the company a “hold” rating in a report on Monday, November 13th. Bank of America boosted their price objective on Apache from $41.00 to $42.00 and gave the company an “underperform” rating in a report on Monday, November 6th. BMO Capital Markets set a $45.00 price objective on Apache and gave the company a “hold” rating in a report on Tuesday, October 10th. Finally, Royal Bank of Canada set a $51.00 price objective on Apache and gave the company a “hold” rating in a report on Wednesday, December 20th. Ten equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $45.94.
Apache Co. (NYSE APA) opened at $46.70 on Friday. Apache Co. has a one year low of $38.14 and a one year high of $63.18. The company has a market capitalization of $17,725.26, a price-to-earnings ratio of 26.84, a P/E/G ratio of 8.63 and a beta of 1.05. The company has a current ratio of 1.53, a quick ratio of 1.37 and a debt-to-equity ratio of 0.95.
Apache (NYSE:APA) last released its earnings results on Thursday, November 2nd. The energy company reported $0.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.09. Apache had a negative return on equity of 0.70% and a net margin of 10.60%. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the previous year, the firm posted ($0.03) EPS. Apache’s revenue for the quarter was down 3.5% on a year-over-year basis. analysts anticipate that Apache Co. will post 0.06 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 22nd. Investors of record on Monday, January 22nd will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, January 19th. This represents a $1.00 annualized dividend and a yield of 2.14%. Apache’s payout ratio is 57.47%.
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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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