Security National Bank of SO Dak raised its holdings in shares of Apache Co. (NYSE:APA) by 26.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 25,686 shares of the energy company’s stock after acquiring an additional 5,356 shares during the period. Security National Bank of SO Dak’s holdings in Apache were worth $744,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the business. Securian Asset Management Inc boosted its stake in Apache by 1.1% in the 2nd quarter. Securian Asset Management Inc now owns 39,506 shares of the energy company’s stock worth $1,144,000 after purchasing an additional 426 shares during the period. Buckingham Asset Management LLC raised its stake in shares of Apache by 3.7% during the second quarter. Buckingham Asset Management LLC now owns 13,188 shares of the energy company’s stock valued at $382,000 after acquiring an additional 469 shares during the last quarter. Retirement Systems of Alabama raised its stake in shares of Apache by 0.3% during the second quarter. Retirement Systems of Alabama now owns 175,313 shares of the energy company’s stock valued at $5,079,000 after acquiring an additional 506 shares during the last quarter. Signaturefd LLC raised its stake in shares of Apache by 66.1% during the first quarter. Signaturefd LLC now owns 1,276 shares of the energy company’s stock valued at $44,000 after acquiring an additional 508 shares during the last quarter. Finally, CENTRAL TRUST Co raised its stake in shares of Apache by 6.1% during the second quarter. CENTRAL TRUST Co now owns 8,878 shares of the energy company’s stock valued at $237,000 after acquiring an additional 510 shares during the last quarter. Institutional investors own 95.30% of the company’s stock.
Shares of NYSE APA traded down $0.14 during mid-day trading on Friday, reaching $25.62. 117,997 shares of the company’s stock traded hands, compared to its average volume of 5,396,846. The stock has a market cap of $9.76 billion, a P/E ratio of 14.50, a PEG ratio of 18.07 and a beta of 1.84. The business has a 50-day simple moving average of $22.54 and a 200 day simple moving average of $28.57. Apache Co. has a 1-year low of $19.44 and a 1-year high of $50.03. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.23 and a quick ratio of 1.03.
Apache (NYSE:APA) last issued its quarterly earnings data on Wednesday, July 31st. The energy company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Apache had a negative net margin of 10.12% and a positive return on equity of 5.12%. Equities research analysts anticipate that Apache Co. will post 0.24 earnings per share for the current fiscal year.
The business also recently announced a — dividend, which will be paid on Friday, November 22nd. Shareholders of record on Tuesday, October 22nd will be paid a $0.25 dividend. This represents a yield of 4.1%. The ex-dividend date of this dividend is Monday, October 21st. Apache’s payout ratio is 56.50%.
In other Apache news, Director John E. Lowe purchased 5,000 shares of the stock in a transaction dated Wednesday, August 7th. The shares were bought at an average price of $21.83 per share, with a total value of $109,150.00. Following the completion of the transaction, the director now directly owns 30,000 shares in the company, valued at approximately $654,900. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.69% of the company’s stock.
Several research firms have recently issued reports on APA. Wolfe Research raised shares of Apache from an “underperform” rating to a “peer perform” rating in a research note on Monday, June 3rd. Seaport Global Securities reaffirmed a “neutral” rating on shares of Apache in a research note on Friday, June 21st. Bank of America decreased their price target on shares of Apache from $30.00 to $29.00 and set an “underperform” rating for the company in a research note on Thursday, August 1st. TheStreet downgraded shares of Apache from a “c-” rating to a “d+” rating in a research note on Tuesday, September 3rd. Finally, MKM Partners initiated coverage on shares of Apache in a research note on Monday. They issued a “neutral” rating and a $26.00 price target for the company. Six equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company’s stock. Apache has an average rating of “Hold” and a consensus price target of $35.11.
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 in the Permian and Midcontinent/Gulf Coast onshore regions; and offshore assets situated in the Gulf of Mexico region.
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