Schroder Investment Management Group grew its holdings in shares of Apache Co. (NYSE:APA) by 6.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 465,717 shares of the energy company’s stock after buying an additional 29,919 shares during the quarter. Schroder Investment Management Group owned 0.12% of Apache worth $21,395,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of APA. Russell Investments Group Ltd. raised its position in shares of Apache by 19.5% during the 1st quarter. Russell Investments Group Ltd. now owns 366,118 shares of the energy company’s stock valued at $14,062,000 after acquiring an additional 59,772 shares in the last quarter. Stifel Financial Corp raised its position in shares of Apache by 122.2% during the 1st quarter. Stifel Financial Corp now owns 118,339 shares of the energy company’s stock valued at $4,556,000 after acquiring an additional 65,083 shares in the last quarter. BB&T Securities LLC raised its position in shares of Apache by 46.3% during the 1st quarter. BB&T Securities LLC now owns 32,696 shares of the energy company’s stock valued at $1,258,000 after acquiring an additional 10,350 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of Apache by 3.8% during the 1st quarter. Commonwealth Equity Services LLC now owns 101,294 shares of the energy company’s stock valued at $3,897,000 after acquiring an additional 3,735 shares in the last quarter. Finally, Rampart Investment Management Company LLC acquired a new stake in shares of Apache during the 1st quarter valued at approximately $158,000. 96.74% of the stock is currently owned by institutional investors and hedge funds.
In other Apache news, insider Stephen J. Riney purchased 6,300 shares of the firm’s stock in a transaction dated Monday, August 27th. The stock was bought at an average price of $43.51 per share, with a total value of $274,113.00. Following the completion of the purchase, the insider now owns 42,184 shares in the company, valued at approximately $1,835,425.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO John J. Christmann purchased 3,900 shares of the firm’s stock in a transaction dated Monday, August 27th. The stock was acquired at an average cost of $43.63 per share, with a total value of $170,157.00. Following the purchase, the chief executive officer now owns 150,696 shares of the company’s stock, valued at approximately $6,574,866.48. The disclosure for this purchase can be found here. 0.59% of the stock is owned by company insiders.
Several equities research analysts recently issued reports on APA shares. Zacks Investment Research raised Apache from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research report on Thursday, July 12th. Morgan Stanley dropped their price target on Apache from $42.00 to $41.00 and set a “sell” rating on the stock in a research report on Tuesday, September 4th. Stifel Nicolaus upped their price target on Apache from $46.00 to $51.00 and gave the company a “hold” rating in a research report on Thursday, August 9th. Mitsubishi UFJ Financial Group upped their price target on Apache to $66.00 and gave the company an “overweight” rating in a research report on Tuesday, August 7th. Finally, Edward Jones lowered Apache from a “buy” rating to a “hold” rating in a research report on Tuesday, September 18th. Five research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the stock. Apache presently has a consensus rating of “Hold” and a consensus target price of $46.83.
Shares of NYSE APA opened at $45.13 on Friday. Apache Co. has a 1-year low of $33.60 and a 1-year high of $50.03. 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 firm has a market capitalization of $18.23 billion, a price-to-earnings ratio of 185.25, a P/E/G ratio of 6.15 and a beta of 1.19.
Apache (NYSE:APA) last issued its earnings results on Wednesday, August 1st. The energy company reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.11. Apache had a return on equity of 5.21% and a net margin of 12.57%. The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.76 billion. Sell-side analysts anticipate that Apache Co. will post 1.72 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 21st. Shareholders of record on Monday, October 22nd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.22%. The ex-dividend date is Friday, October 19th. Apache’s dividend payout ratio is presently 416.67%.
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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