Legacy Private Trust Co. lowered its position in Apache Corporation (NYSE:APA) by 94.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,424 shares of the energy company’s stock after selling 80,731 shares during the period. Legacy Private Trust Co.’s holdings in Apache Corporation were worth $212,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Pinnacle Bank purchased a new stake in Apache Corporation during the first quarter valued at $100,000. Invictus RG purchased a new stake in Apache Corporation during the first quarter valued at $100,000. Thompson Davis & CO. Inc. raised its stake in Apache Corporation by 33.7% in the first quarter. Thompson Davis & CO. Inc. now owns 2,009 shares of the energy company’s stock valued at $103,000 after buying an additional 506 shares during the period. Parallel Advisors LLC raised its stake in Apache Corporation by 7.4% in the first quarter. Parallel Advisors LLC now owns 2,346 shares of the energy company’s stock valued at $114,000 after buying an additional 161 shares during the period. Finally, State of Alaska Department of Revenue purchased a new stake in Apache Corporation during the first quarter valued at $135,000. 94.04% of the stock is currently owned by hedge funds and other institutional investors.
Apache Corporation (NYSE APA) traded down 0.52% during midday trading on Friday, hitting $42.39. The stock had a trading volume of 2,504,997 shares. The stock’s market cap is $16.15 billion. The company’s 50-day moving average price is $47.23 and its 200 day moving average price is $50.70. Apache Corporation has a 12-month low of $42.17 and a 12-month high of $69.00.
Apache Corporation (NYSE:APA) last released its quarterly earnings data on Thursday, August 3rd. The energy company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by $0.22. Apache Corporation had a negative net margin of 0.07% and a negative return on equity of 1.03%. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period in the previous year, the business posted ($0.26) EPS. Apache Corporation’s revenue for the quarter was up .1% on a year-over-year basis. On average, equities research analysts predict that Apache Corporation will post $0.13 earnings per share for the current fiscal year.
APA has been the topic of several research reports. Bank of America Corporation reissued a “buy” rating and issued a $57.00 target price (down previously from $60.00) on shares of Apache Corporation in a report on Thursday, May 11th. Zacks Investment Research raised Apache Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, May 10th. Scotiabank reissued a “hold” rating and issued a $58.00 target price on shares of Apache Corporation in a report on Friday, May 5th. BMO Capital Markets reissued a “hold” rating and issued a $53.00 target price on shares of Apache Corporation in a report on Friday, May 5th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $63.00 target price on shares of Apache Corporation in a report on Tuesday, April 25th. Eight investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $56.39.
In related news, Director John E. Lowe purchased 2,500 shares of Apache Corporation stock in a transaction on Monday, August 7th. The stock was bought at an average price of $44.90 per share, with a total value of $112,250.00. Following the completion of the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at $449,000. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Rene R. Joyce purchased 10,000 shares of Apache Corporation stock in a transaction on Monday, May 15th. The stock was bought at an average cost of $51.38 per share, with a total value of $513,800.00. Following the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at $513,800. The disclosure for this purchase can be found here. 0.48% of the stock is owned by insiders.
Apache Corporation 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.
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