Energy Opportunities Capital Management LLC Reduces Stake in Apache Co. (NYSE:APA)

Energy Opportunities Capital Management LLC decreased its position in shares of Apache Co. (NYSE:APA) by 15.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,975 shares of the energy company’s stock after selling 4,595 shares during the quarter. Energy Opportunities Capital Management LLC’s holdings in Apache were worth $1,097,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC bought a new stake in shares of Apache in the 3rd quarter valued at $134,000. Valeo Financial Advisors LLC bought a new stake in shares of Apache in the 3rd quarter valued at $135,000. Pinebridge Investments L.P. increased its position in shares of Apache by 176.1% in the 4th quarter. Pinebridge Investments L.P. now owns 3,495 shares of the energy company’s stock valued at $148,000 after buying an additional 2,229 shares in the last quarter. Gs Investments Inc. bought a new stake in shares of Apache in the 2nd quarter valued at $149,000. Finally, North Star Asset Management Inc. bought a new stake in shares of Apache in the 3rd quarter valued at $206,000. 94.65% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have issued reports on APA shares. Barclays increased their target price on Apache from $26.00 to $30.00 and gave the stock an “underweight” rating in a report on Monday, November 20th. BMO Capital Markets reiterated a “hold” rating and set a $42.00 target price on shares of Apache in a report on Tuesday, November 7th. ValuEngine downgraded shares of Apache from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Credit Suisse Group cut their target price on shares of Apache from $43.00 to $39.00 and set a “neutral” rating for the company in a research note on Friday. Finally, Jefferies Group set a $35.00 price objective on shares of Apache and gave the stock a “sell” rating in a research report on Wednesday, December 20th. Nine analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $45.50.

Shares of Apache Co. (NYSE APA) traded up $1.19 during trading hours on Friday, reaching $36.04. 5,437,162 shares of the company were exchanged, compared to its average volume of 4,716,096. The company has a market capitalization of $13,610.00, a PE ratio of 9.70, a price-to-earnings-growth ratio of 3.97 and a beta of 1.05. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.53 and a quick ratio of 1.37. Apache Co. has a fifty-two week low of $34.50 and a fifty-two week high of $54.64.

Apache (NYSE:APA) last posted its earnings results on Thursday, February 22nd. The energy company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.12. The firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Apache had a net margin of 10.60% and a negative return on equity of 0.70%. During the same quarter in the previous year, the firm posted ($0.06) earnings per share. sell-side analysts predict that Apache Co. will post 0.13 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 22nd. Shareholders of record on Monday, April 23rd will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, April 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.77%. Apache’s payout ratio is presently 26.81%.

In other news, insider P Anthony Lannie sold 19,514 shares of Apache stock in a transaction on Friday, December 1st. The shares were sold at an average price of $44.04, for a total transaction of $859,396.56. Following the transaction, the insider now owns 37,469 shares in the company, valued at $1,650,134.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John E. Lowe purchased 3,000 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were acquired at an average price of $40.02 per share, for a total transaction of $120,060.00. Following the acquisition, the director now owns 15,000 shares of the company’s stock, valued at approximately $600,300. The disclosure for this purchase can be found here. Insiders own 0.48% of the company’s stock.

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About Apache

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.

Institutional Ownership by Quarter for Apache (NYSE:APA)

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