Apache Co. (APA) Stake Decreased by AMP Capital Investors Ltd

AMP Capital Investors Ltd lowered its stake in shares of Apache Co. (NYSE:APA) by 4.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 104,533 shares of the energy company’s stock after selling 4,904 shares during the quarter. AMP Capital Investors Ltd’s holdings in Apache were worth $4,887,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Rampart Investment Management Company LLC boosted its holdings in Apache by 524.2% in the second quarter. Rampart Investment Management Company LLC now owns 25,709 shares of the energy company’s stock worth $1,202,000 after purchasing an additional 21,590 shares during the period. Korea Investment CORP lifted its stake in Apache by 16.0% in the second quarter. Korea Investment CORP now owns 287,247 shares of the energy company’s stock valued at $13,429,000 after buying an additional 39,600 shares during the last quarter. Commonwealth Bank of Australia lifted its stake in Apache by 24.1% in the second quarter. Commonwealth Bank of Australia now owns 87,322 shares of the energy company’s stock valued at $4,077,000 after buying an additional 16,938 shares during the last quarter. ING Groep NV bought a new stake in Apache in the second quarter valued at $447,000. Finally, NumerixS Investment Technologies Inc lifted its stake in Apache by 373.0% in the second quarter. NumerixS Investment Technologies Inc now owns 22,003 shares of the energy company’s stock valued at $1,011,000 after buying an additional 17,351 shares during the last quarter. 96.71% of the stock is owned by institutional investors and hedge funds.

In related news, VP Dominic Ricotta sold 3,480 shares of Apache stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $43.72, for a total transaction of $152,145.60. Following the sale, the vice president now directly owns 10,357 shares in the company, valued at $452,808.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Stephen J. Riney acquired 6,300 shares of the business’s stock in a transaction that occurred on Monday, August 27th. The shares were bought at an average price of $43.51 per share, for a total transaction of $274,113.00. Following the completion of the purchase, the insider now owns 42,184 shares of the company’s stock, valued at $1,835,425.84. The disclosure for this purchase can be found here. 0.59% of the stock is owned by insiders.

Shares of NYSE APA opened at $45.46 on Monday. Apache Co. has a fifty-two week low of $33.60 and a fifty-two week high of $49.59. The company has a current ratio of 1.36, a quick ratio of 1.20 and a debt-to-equity ratio of 0.88. The stock has a market cap of $17.26 billion, a P/E ratio of 189.42, a P/E/G ratio of 3.80 and a beta of 1.19.

Apache (NYSE:APA) last issued its quarterly earnings data on Wednesday, August 1st. The energy company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.11. Apache had a net margin of 12.57% and a return on equity of 5.21%. The business had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.76 billion. analysts predict that Apache Co. will post 1.7 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 21st. Investors of record on Monday, October 22nd will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Friday, October 19th. Apache’s dividend payout ratio is currently 416.67%.

A number of equities research analysts have issued reports on the company. Mizuho assumed coverage on Apache in a research note on Monday, July 23rd. They issued a “neutral” rating and a $55.00 target price on the stock. ValuEngine upgraded Apache from a “sell” rating to a “hold” rating in a research note on Wednesday, August 8th. TheStreet upgraded Apache from a “c” rating to a “b-” rating in a research note on Wednesday, August 1st. Stifel Nicolaus reiterated a “hold” rating and issued a $49.00 target price on shares of Apache in a research note on Thursday, August 30th. Finally, Zacks Investment Research cut Apache from a “buy” rating to a “hold” rating in a research note on Monday, July 16th. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $45.53.

Apache 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.

Featured Story: What does the Dow Jones Industrial Average (DJIA) measure?

Want to see what other hedge funds are holding APA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apache Co. (NYSE:APA).

Institutional Ownership by Quarter for Apache (NYSE:APA)

Receive News & Ratings for Apache Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apache and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply