Bramshill Investments LLC grew its stake in shares of Apache Co. (NYSE:APA) by 65.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,851 shares of the energy company’s stock after purchasing an additional 4,308 shares during the quarter. Bramshill Investments LLC’s holdings in Apache were worth $458,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Millennium Management LLC purchased a new stake in shares of Apache during the fourth quarter valued at $25,004,000. Sciencast Management LP purchased a new stake in shares of Apache during the fourth quarter valued at $992,000. Flinton Capital Management LLC boosted its stake in shares of Apache by 45.7% during the fourth quarter. Flinton Capital Management LLC now owns 91,154 shares of the energy company’s stock valued at $3,849,000 after purchasing an additional 28,594 shares during the period. Meadow Creek Investment Management LLC boosted its stake in shares of Apache by 45.7% during the fourth quarter. Meadow Creek Investment Management LLC now owns 42,896 shares of the energy company’s stock valued at $1,811,000 after purchasing an additional 13,456 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. boosted its stake in shares of Apache by 10.4% during the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 71,621 shares of the energy company’s stock valued at $3,023,000 after purchasing an additional 6,742 shares during the period. 95.96% of the stock is owned by hedge funds and other institutional investors.
In other news, Director John E. Lowe bought 2,500 shares of Apache stock in a transaction on Friday, March 2nd. The stock was acquired at an average cost of $33.80 per share, for a total transaction of $84,500.00. Following the completion of the acquisition, the director now owns 17,500 shares of the company’s stock, valued at approximately $591,500. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.48% of the company’s stock.
Apache stock traded down $0.41 during trading hours on Friday, reaching $38.34. The stock had a trading volume of 4,970,707 shares, compared to its average volume of 5,266,471. The company has a market capitalization of $14,781.10, a PE ratio of 159.75, a P/E/G ratio of 3.57 and a beta of 1.10. 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 Co. has a 52 week low of $33.60 and a 52 week high of $54.64.
Apache (NYSE:APA) last announced its earnings results on Thursday, February 22nd. The energy company reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.12. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.54 billion. Apache had a net margin of 20.32% and a return on equity of 1.11%. During the same period in the previous year, the company posted ($0.06) earnings per share. equities analysts predict that Apache Co. will post 1.55 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 22nd. Shareholders of record on Monday, April 23rd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, April 20th. This represents a $1.00 dividend on an annualized basis and a yield of 2.61%. Apache’s dividend payout ratio is presently 416.67%.
APA has been the subject of a number of recent analyst reports. Credit Suisse Group initiated coverage on shares of Apache in a research note on Monday, December 11th. They set a “neutral” rating and a $40.00 target price for the company. Jefferies Group set a $35.00 price objective on Apache and gave the company a “sell” rating in a report on Wednesday, December 20th. 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. Barclays restated a “sell” rating and issued a $32.00 price objective on shares of Apache in a report on Sunday, December 24th. Finally, Morgan Stanley lifted their price objective on Apache from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. Ten equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $41.07.
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Apache Company Profile
Apache Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids (NGLs). The company has operations in onshore assets located Permian and Midcontinent/Gulf Coast onshore regions; and offshore assets situated in the Gulf of Mexico region.
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