HM Payson & Co. boosted its stake in shares of Apache Corp. (NYSE:APA) by 0.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,718 shares of the energy company’s stock after buying an additional 59 shares during the period. HM Payson & Co.’s holdings in Apache Corp. were worth $493,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC purchased a new position in Apache Corp. during the second quarter valued at $117,000. Point72 Asia Hong Kong Ltd purchased a new position in Apache Corp. during the second quarter valued at $117,000. Spirit of America Management Corp NY purchased a new position in Apache Corp. during the third quarter valued at $128,000. Zions Bancorporation raised its position in Apache Corp. by 2.1% in the second quarter. Zions Bancorporation now owns 2,382 shares of the energy company’s stock valued at $132,000 after buying an additional 50 shares during the last quarter. Finally, PineBridge Investments L.P. raised its position in Apache Corp. by 289.1% in the second quarter. PineBridge Investments L.P. now owns 3,163 shares of the energy company’s stock valued at $176,000 after buying an additional 2,350 shares during the last quarter. Institutional investors own 91.67% of the company’s stock.
Apache Corp. (NYSE:APA) traded down 1.10% during mid-day trading on Thursday, hitting $62.22. 2,218,706 shares of the stock traded hands. The stock has a 50-day moving average of $65.07 and a 200 day moving average of $59.15. The firm’s market cap is $23.61 billion. Apache Corp. has a 1-year low of $33.23 and a 1-year high of $69.00.
Apache Corp. (NYSE:APA) last released its earnings results on Thursday, November 3rd. The energy company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.13. Apache Corp. had a negative net margin of 166.56% and a negative return on equity of 4.70%. The firm earned $1.44 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the firm earned ($0.05) earnings per share. The firm’s revenue for the quarter was down 5.8% compared to the same quarter last year. On average, equities analysts expect that Apache Corp. will post ($0.96) EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 22nd. Shareholders of record on Sunday, January 22nd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, January 18th. This represents a $1.00 annualized dividend and a yield of 1.61%. Apache Corp.’s payout ratio is -4.42%.
APA has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Apache Corp. from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research note on Monday, January 9th. BMO Capital Markets reissued a “hold” rating and issued a $65.00 price target on shares of Apache Corp. in a research note on Wednesday, January 11th. Morgan Stanley reissued a “hold” rating and issued a $69.00 price target on shares of Apache Corp. in a research note on Monday, September 26th. RBC Capital Markets reissued a “hold” rating and issued a $66.00 price target on shares of Apache Corp. in a research note on Wednesday, January 4th. Finally, Wells Fargo & Co. downgraded shares of Apache Corp. from an “outperform” rating to a “market perform” rating in a research note on Friday, December 16th. Two equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and six have issued a buy rating to the company’s stock. Apache Corp. currently has an average rating of “Hold” and a consensus target price of $60.21.
In other Apache Corp. news, Director Chansoo Joung bought 15,000 shares of the stock in a transaction on Wednesday, November 9th. The stock was purchased at an average price of $58.02 per share, for a total transaction of $870,300.00. Following the completion of the purchase, the director now directly owns 45,285 shares in the company, valued at $2,627,435.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James L. House sold 8,000 shares of the business’s stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $63.38, for a total transaction of $507,040.00. Following the transaction, the insider now directly owns 2,057 shares of the company’s stock, valued at approximately $130,372.66. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.
Apache Corp. Company Profile
Apache Corporation (Apache) is an independent energy company. Both domestically and internationally, the Company explores for, develops and produces natural gas, crude oil and natural gas liquids. The Company has exploration and production interests in four countries: the United States, Canada, Egypt, and the United Kingdom (North Sea).
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