GHP Investment Advisors Inc. Has $383,000 Holding in Apache Co. (APA)

GHP Investment Advisors Inc. Has $383,000 Holding in Apache Co. (APA)

GHP Investment Advisors Inc. lowered its stake in shares of Apache Co. (NYSE:APA) by 6.2% during the first quarter, Holdings Channel reports. The fund owned 7,456 shares of the energy company’s stock after selling 493 shares during the period. GHP Investment Advisors Inc.’s holdings in Apache were worth $383,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. First Manhattan Co. boosted its stake in Apache by 0.5% in the first quarter. First Manhattan Co. now owns 11,848 shares of the energy company’s stock valued at $756,000 after buying an additional 55 shares during the last quarter. Albert D Mason Inc. boosted its stake in Apache by 0.6% in the first quarter. Albert D Mason Inc. now owns 8,735 shares of the energy company’s stock valued at $449,000 after buying an additional 55 shares during the last quarter. Dowling & Yahnke LLC boosted its stake in Apache by 0.9% in the first quarter. Dowling & Yahnke LLC now owns 8,503 shares of the energy company’s stock valued at $437,000 after buying an additional 75 shares during the last quarter. Regentatlantic Capital LLC boosted its stake in Apache by 0.4% in the first quarter. Regentatlantic Capital LLC now owns 22,523 shares of the energy company’s stock valued at $1,157,000 after buying an additional 83 shares during the last quarter. Finally, Beese Fulmer Investment Management Inc. boosted its stake in Apache by 1.7% in the first quarter. Beese Fulmer Investment Management Inc. now owns 5,993 shares of the energy company’s stock valued at $308,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 93.38% of the company’s stock.

Shares of Apache Co. (NYSE APA) opened at 46.99 on Friday. The company’s market capitalization is $17.88 billion. The company has a 50 day moving average price of $49.45 and a 200 day moving average price of $56.33. Apache Co. has a 12-month low of $46.09 and a 12-month high of $69.00.

Apache (NYSE:APA) last released its quarterly earnings results on Thursday, May 4th. The energy company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by $0.08. The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Apache had a negative return on equity of 4.70% and a negative net margin of 166.56%. During the same quarter in the prior year, the company posted ($0.40) earnings per share. Equities analysts anticipate that Apache Co. will post $0.96 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 22nd. Stockholders of record on Friday, July 21st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend is Wednesday, July 19th. Apache’s dividend payout ratio is presently -4.42%.

A number of research analysts recently weighed in on APA shares. Bank of America Corp lowered shares of Apache to an “underperform” rating in a report on Tuesday, February 28th. KLR Group reissued a “buy” rating and issued a $79.00 target price on shares of Apache in a report on Monday, March 20th. Zacks Investment Research lowered shares of Apache from a “buy” rating to a “hold” rating in a research note on Monday, February 20th. Barclays PLC reaffirmed a “sell” rating and set a $41.00 price objective (down from $50.00) on shares of Apache in a research note on Thursday, April 20th. Finally, Stifel Nicolaus assumed coverage on shares of Apache in a research note on Friday, April 7th. They set a “hold” rating and a $54.00 price objective for the company. Six research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $60.53.

In other Apache news, Director Rene R. Joyce purchased 10,000 shares of the stock in a transaction dated Monday, May 15th. The stock was acquired at an average cost of $51.38 per share, for a total transaction of $513,800.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at approximately $513,800. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.40% of the company’s stock.

Apache Company Profile

Apache Corporation is an independent energy company. The Company explores for, develops, and produces natural gas, crude oil and natural gas liquids. It has production in four segments: the United States, Canada, Egypt and the United Kingdom North Sea. It also pursues exploration interests in Suriname.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “APA”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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