Manitou Investment Management Ltd. increased its holdings in shares of Apache Co. (NYSE:APA) by 40.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,166,615 shares of the energy company’s stock after acquiring an additional 336,856 shares during the quarter. Apache makes up approximately 7.2% of Manitou Investment Management Ltd.’s holdings, making the stock its 4th biggest holding. Manitou Investment Management Ltd.’s holdings in Apache were worth $29,865,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Apache by 1.7% in the second quarter. Vanguard Group Inc. now owns 42,493,393 shares of the energy company’s stock valued at $1,231,034,000 after purchasing an additional 720,427 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Apache by 1.5% in the second quarter. Charles Schwab Investment Management Inc. now owns 2,612,432 shares of the energy company’s stock valued at $75,683,000 after acquiring an additional 39,854 shares in the last quarter. UBS Asset Management Americas Inc. boosted its holdings in shares of Apache by 90.7% in the second quarter. UBS Asset Management Americas Inc. now owns 2,442,575 shares of the energy company’s stock valued at $70,761,000 after acquiring an additional 1,161,627 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Apache by 18.5% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,662,416 shares of the energy company’s stock valued at $42,558,000 after acquiring an additional 259,616 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Apache by 1.6% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,518,352 shares of the energy company’s stock valued at $43,486,000 after acquiring an additional 23,787 shares in the last quarter. Hedge funds and other institutional investors own 95.28% of the company’s stock.
NYSE:APA traded up $0.35 during trading hours on Friday, reaching $24.43. 4,287,087 shares of the company’s stock were exchanged, compared to its average volume of 4,940,564. The company has a market capitalization of $9.01 billion, a P/E ratio of 13.80 and a beta of 1.87. Apache Co. has a 12 month low of $19.44 and a 12 month high of $38.12. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.07. The business’s 50-day simple moving average is $23.21 and its two-hundred day simple moving average is $25.70.
Apache (NYSE:APA) last issued its earnings results on Wednesday, October 30th. The energy company reported ($0.29) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.10). The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.43 billion. Apache had a positive return on equity of 1.08% and a negative net margin of 14.78%. During the same quarter in the previous year, the business posted $0.63 earnings per share. As a group, sell-side analysts anticipate that Apache Co. will post -0.09 earnings per share for the current fiscal year.
The firm also recently announced a — dividend, which will be paid on Friday, November 22nd. Investors of record on Tuesday, October 22nd will be issued a dividend of $0.25 per share. This represents a yield of 4.1%. The ex-dividend date is Monday, October 21st. Apache’s payout ratio is 56.50%.
Several research analysts have recently issued reports on APA shares. Bank of America upgraded shares of Apache from an “underperform” rating to a “neutral” rating and set a $28.00 price objective for the company in a report on Friday, October 18th. Argus cut shares of Apache from a “buy” rating to a “hold” rating in a report on Thursday. KeyCorp started coverage on shares of Apache in a report on Monday, October 28th. They issued a “sector weight” rating for the company. TheStreet cut shares of Apache from a “c-” rating to a “d+” rating in a report on Tuesday, September 3rd. Finally, ValuEngine upgraded shares of Apache from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Four research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $31.67.
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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