Marco Investment Management LLC trimmed its holdings in shares of Apache Co. (NYSE:APA) by 9.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 138,075 shares of the energy company’s stock after selling 15,055 shares during the period. Marco Investment Management LLC’s holdings in Apache were worth $5,830,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in Apache by 0.5% in the 4th quarter. BlackRock Inc. now owns 25,438,112 shares of the energy company’s stock worth $1,073,997,000 after acquiring an additional 116,095 shares during the last quarter. Orbis Allan Gray Ltd raised its holdings in Apache by 2.8% in the 4th quarter. Orbis Allan Gray Ltd now owns 14,217,029 shares of the energy company’s stock worth $600,243,000 after acquiring an additional 382,624 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in Apache by 37.9% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 10,243,914 shares of the energy company’s stock worth $469,171,000 after acquiring an additional 2,816,600 shares during the last quarter. Geode Capital Management LLC raised its holdings in Apache by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 4,025,825 shares of the energy company’s stock worth $169,613,000 after acquiring an additional 120,764 shares during the last quarter. Finally, Artisan Partners Limited Partnership raised its holdings in Apache by 0.6% in the 3rd quarter. Artisan Partners Limited Partnership now owns 3,593,344 shares of the energy company’s stock worth $164,575,000 after acquiring an additional 22,730 shares during the last quarter. Hedge funds and other institutional investors own 95.94% of the company’s stock.
APA has been the subject of a number of recent analyst reports. Stifel Nicolaus set a $39.00 price objective on shares of Apache and gave the stock a “hold” rating in a report on Friday, February 23rd. Royal Bank of Canada set a $51.00 price objective on shares of Apache and gave the stock a “hold” rating in a report on Wednesday, December 20th. Morgan Stanley boosted their price objective on shares of Apache from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. BMO Capital Markets restated a “hold” rating and issued a $35.00 price objective on shares of Apache in a report on Tuesday, February 27th. Finally, Jefferies Group set a $35.00 price objective on shares of Apache and gave the stock a “sell” rating in a report on Wednesday, December 20th. Ten investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $42.88.
Shares of Apache Co. (NYSE:APA) opened at $35.57 on Tuesday. Apache Co. has a 1 year low of $33.60 and a 1 year high of $54.64. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.31 and a current ratio of 1.45. The stock has a market cap of $13,785.52, a price-to-earnings ratio of 10.43, a PEG ratio of 3.17 and a beta of 1.25.
Apache (NYSE:APA) last issued its quarterly earnings data on Thursday, February 22nd. The energy company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.12. Apache had a net margin of 20.32% and a return on equity of 1.11%. The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the previous year, the firm posted ($0.06) EPS. sell-side analysts forecast that Apache Co. will post 1.63 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 22nd. Stockholders of record on Monday, April 23rd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date is Friday, April 20th. Apache’s payout ratio is 29.33%.
In other Apache news, Director John E. Lowe acquired 2,500 shares of the business’s stock in a transaction dated Friday, March 2nd. The stock was purchased at an average price of $33.80 per share, with a total value of $84,500.00. Following the transaction, the director now directly owns 17,500 shares in the company, valued at approximately $591,500. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 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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