Tortoise Capital Advisors L.L.C. grew its stake in Apache Co. (NYSE:APA) by 22.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,642 shares of the energy company’s stock after acquiring an additional 21,800 shares during the period. Tortoise Capital Advisors L.L.C.’s holdings in Apache were worth $3,437,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of APA. Geode Capital Management LLC boosted its stake in shares of Apache by 7.5% during the fourth quarter. Geode Capital Management LLC now owns 4,866,739 shares of the energy company’s stock valued at $127,525,000 after purchasing an additional 340,044 shares in the last quarter. First Allied Advisory Services Inc. bought a new position in shares of Apache during the first quarter valued at approximately $221,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Apache by 6.0% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,947 shares of the energy company’s stock valued at $761,000 after purchasing an additional 1,241 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Apache by 28.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 37,909 shares of the energy company’s stock valued at $1,314,000 after purchasing an additional 8,415 shares in the last quarter. Finally, Cedar Brook Financial Partners LLC bought a new position in shares of Apache during the first quarter valued at approximately $209,000. Institutional investors and hedge funds own 95.30% of the company’s stock.
A number of equities analysts have recently issued reports on APA shares. Wolfe Research upgraded shares of Apache from an “underperform” rating to a “peer perform” rating in a research note on Monday, June 3rd. Seaport Global Securities reiterated a “neutral” rating on shares of Apache in a research note on Friday, June 21st. Citigroup dropped their price objective on shares of Apache from $35.00 to $22.00 and set a “neutral” rating on the stock in a research note on Monday, August 26th. Bank of America dropped their price objective on shares of Apache from $30.00 to $29.00 and set an “underperform” rating on the stock in a research note on Thursday, August 1st. Finally, ValuEngine upgraded shares of Apache from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 1st. Six investment 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. Apache presently has an average rating of “Hold” and a consensus target price of $35.11.
In other news, Director John E. Lowe bought 5,000 shares of the stock in a transaction on Wednesday, August 7th. The stock was bought at an average cost of $21.83 per share, for a total transaction of $109,150.00. Following the completion of the purchase, the director now directly owns 30,000 shares in the company, valued at $654,900. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.69% of the stock is owned by company insiders.
APA traded up $0.04 during trading on Friday, hitting $25.80. The stock had a trading volume of 3,639,751 shares, compared to its average volume of 5,750,082. The company has a market capitalization of $9.56 billion, a PE ratio of 14.58, a PEG ratio of 17.66 and a beta of 1.84. Apache Co. has a twelve month low of $19.44 and a twelve month high of $50.03. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.03 and a current ratio of 1.23. The stock has a 50 day simple moving average of $22.56 and a two-hundred day simple moving average of $28.53.
Apache (NYSE:APA) last announced its earnings results on Wednesday, July 31st. The energy company reported $0.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.07. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.58 billion. Apache had a negative net margin of 10.12% and a positive return on equity of 5.12%. On average, equities research analysts anticipate that Apache Co. will post 0.24 EPS for the current year.
The company 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. The ex-dividend date of this dividend is Monday, October 21st. This represents a yield of 4.1%. Apache’s dividend payout ratio (DPR) is 56.50%.
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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