Security National Bank of Sioux City Iowa IA grew its position in Apache Corporation (NYSE:APA) by 2.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,294 shares of the energy company’s stock after acquiring an additional 624 shares during the period. Security National Bank of Sioux City Iowa IA’s holdings in Apache Corporation were worth $1,212,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of APA. Invictus RG bought a new position in shares of Apache Corporation in the first quarter valued at approximately $100,000. Hanson McClain Inc. bought a new position in shares of Apache Corporation in the second quarter valued at approximately $106,000. Parallel Advisors LLC raised its stake in shares of 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 acquiring an additional 161 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new position in shares of Apache Corporation in the second quarter valued at approximately $142,000. Finally, Global X Management Co. LLC raised its stake in shares of Apache Corporation by 28.6% in the first quarter. Global X Management Co. LLC now owns 3,002 shares of the energy company’s stock valued at $154,000 after acquiring an additional 668 shares during the last quarter. Institutional investors own 95.00% of the company’s stock.
Shares of Apache Corporation (NYSE APA) traded down 5.245% during mid-day trading on Tuesday, hitting $43.445. 5,831,245 shares of the company’s stock traded hands. The company’s market cap is $16.55 billion. The firm has a 50-day moving average of $42.22 and a 200 day moving average of $46.84. Apache Corporation has a 52 week low of $38.14 and a 52 week high of $69.00.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Monday, October 23rd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend is Friday, October 20th. Apache Corporation’s payout ratio is currently -4,997.50%.
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A number of research analysts have recently issued reports on the stock. Royal Bank Of Canada reiterated a “hold” rating and issued a $55.00 target price on shares of Apache Corporation in a research note on Thursday, July 20th. Cowen and Company set a $50.00 target price on shares of Apache Corporation and gave the company a “hold” rating in a research note on Tuesday, July 18th. BidaskClub upgraded shares of Apache Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. Zacks Investment Research cut shares of Apache Corporation from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 5th. Finally, Stifel Nicolaus assumed coverage on shares of Apache Corporation in a research note on Tuesday, July 4th. They issued a “hold” rating and a $54.00 target price for the company. Nine equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $50.19.
In other Apache Corporation news, Director George D. Lawrence purchased 900 shares of the company’s stock in a transaction dated Friday, August 11th. The stock was purchased at an average price of $42.49 per share, with a total value of $38,241.00. Following the completion of the purchase, the director now owns 38,445 shares of the company’s stock, valued at $1,633,528.05. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John E. Lowe purchased 2,000 shares of the company’s stock in a transaction dated Thursday, August 17th. The shares were acquired at an average cost of $40.32 per share, with a total value of $80,640.00. Following the purchase, the director now directly owns 12,000 shares of the company’s stock, valued at approximately $483,840. The disclosure for this purchase can be found here. Insiders have bought 5,500 shares of company stock valued at $235,094 in the last ninety days. Insiders own 0.48% of the company’s stock.
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. The Company’s production segments include: the United States, Egypt and the United Kingdom North Sea. It also pursues exploration interests in Suriname.
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