Marshall Wace North America L.P. Invests $1.17 Million in Apache Co. (NYSE:APA)

Marshall Wace North America L.P. acquired a new position in Apache Co. (NYSE:APA) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 45,522 shares of the energy company’s stock, valued at approximately $1,165,000.

Several other hedge funds have also modified their holdings of the company. State Street Corp grew its position in shares of Apache by 8.7% in the 4th quarter. State Street Corp now owns 20,590,533 shares of the energy company’s stock worth $526,912,000 after buying an additional 1,645,015 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in shares of Apache by 5.8% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 15,857,066 shares of the energy company’s stock worth $405,782,000 after buying an additional 876,050 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Apache by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,441,242 shares of the energy company’s stock worth $88,062,000 after buying an additional 36,282 shares during the last quarter. Manitou Investment Management Ltd. grew its position in shares of Apache by 25.1% in the 4th quarter. Manitou Investment Management Ltd. now owns 1,459,159 shares of the energy company’s stock worth $37,340,000 after buying an additional 292,544 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its position in shares of Apache by 2.5% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,421,865 shares of the energy company’s stock worth $36,385,000 after buying an additional 34,970 shares during the last quarter. Hedge funds and other institutional investors own 96.36% of the company’s stock.

APA has been the topic of a number of recent analyst reports. Bank of America upgraded Apache from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $28.00 to $36.00 in a research report on Tuesday, January 7th. Cfra cut their price objective on Apache from $32.00 to $27.00 and set a “hold” rating on the stock in a research report on Friday, February 28th. Morgan Stanley cut their price objective on Apache from $31.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Monday, March 16th. Barclays upgraded Apache from an “underweight” rating to an “equal weight” rating and set a $34.00 price objective on the stock in a research report on Thursday, January 9th. Finally, MKM Partners upgraded Apache from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $31.00 to $22.00 in a research report on Friday, March 20th. Sixteen research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $24.17.

Shares of NYSE APA opened at $5.89 on Thursday. Apache Co. has a fifty-two week low of $3.80 and a fifty-two week high of $38.12. The company has a 50 day simple moving average of $19.66 and a two-hundred day simple moving average of $23.48. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of -0.63 and a beta of 1.90. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.06 and a current ratio of 1.06.

Apache (NYSE:APA) last released its earnings results on Wednesday, February 26th. The energy company reported $0.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.14. Apache had a negative net margin of 55.42% and a positive return on equity of 0.03%. The firm had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same period last year, the business earned $0.31 earnings per share. On average, analysts forecast that Apache Co. will post -1.29 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Wednesday, April 22nd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 16.98%. The ex-dividend date is Tuesday, April 21st.

About Apache

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 in the Permian and Midcontinent/Gulf Coast onshore regions; and offshore assets situated in the Gulf of Mexico region.

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Institutional Ownership by Quarter for Apache (NYSE:APA)

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