QS Investors LLC reduced its position in Apache Co. (NYSE:APA) by 14.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 45,373 shares of the energy company’s stock after selling 7,432 shares during the quarter. QS Investors LLC’s holdings in Apache were worth $1,916,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Steward Partners Investment Advisory LLC purchased a new position in Apache in the third quarter valued at about $134,000. Valeo Financial Advisors LLC purchased a new position in Apache in the third quarter valued at about $135,000. Pinebridge Investments L.P. raised its position in Apache by 176.1% in the fourth quarter. Pinebridge Investments L.P. now owns 3,495 shares of the energy company’s stock valued at $148,000 after purchasing an additional 2,229 shares during the period. SevenBridge Financial Group LLC raised its position in Apache by 83.3% in the third quarter. SevenBridge Financial Group LLC now owns 4,551 shares of the energy company’s stock valued at $208,000 after purchasing an additional 2,068 shares during the period. Finally, Flossbach Von Storch AG purchased a new position in Apache in the third quarter valued at about $209,000. 95.94% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have commented on APA shares. Mitsubishi UFJ Financial Group raised Apache from a “neutral” rating to an “overweight” rating in a research report on Tuesday, February 27th. Morgan Stanley raised their price objective on Apache from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Citigroup cut their price objective on Apache from $46.00 to $40.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 28th. BMO Capital Markets reissued a “hold” rating and issued a $35.00 price objective on shares of Apache in a research report on Tuesday, February 27th. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $39.00 price objective (down from $43.00) on shares of Apache in a research report on Friday, February 23rd. Ten research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. Apache currently has a consensus rating of “Hold” and a consensus price target of $40.47.
In other Apache news, Director John E. Lowe bought 2,500 shares of the company’s stock in a transaction dated Friday, March 2nd. The shares were acquired at an average cost of $33.80 per share, with a total value of $84,500.00. Following the completion of the transaction, the director now owns 17,500 shares in the company, valued at $591,500. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.48% of the stock is currently owned by insiders.
Shares of APA stock opened at $36.27 on Wednesday. Apache Co. has a 52-week low of $33.60 and a 52-week high of $54.64. The stock has a market capitalization of $13,568.10, a PE ratio of 148.21, a PEG ratio of 3.12 and a beta of 1.25. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.31 and a current ratio of 1.45.
Apache (NYSE:APA) last announced its earnings results on Thursday, February 22nd. The energy company reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.12. Apache had a return on equity of 1.11% and a net margin of 20.32%. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same period in the previous year, the company earned ($0.06) earnings per share. research analysts predict that Apache Co. will post 1.63 EPS for the current year.
The firm also recently announced 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 2.76%. The ex-dividend date is Friday, April 20th. Apache’s payout ratio is 29.33%.
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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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