Security National Bank of SO Dak grew its stake in shares of Apache Corporation (NYSE:APA) by 2.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,529 shares of the energy company’s stock after purchasing an additional 540 shares during the quarter. Security National Bank of SO Dak’s holdings in Apache Corporation were worth $1,032,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in the business. Beese Fulmer Investment Management Inc. raised its holdings in Apache Corporation by 0.4% during the second quarter. Beese Fulmer Investment Management Inc. now owns 6,016 shares of the energy company’s stock worth $288,000 after purchasing an additional 23 shares in the last quarter. Ray Gerald L & Associates Ltd. raised its holdings in Apache Corporation by 0.4% during the second quarter. Ray Gerald L & Associates Ltd. now owns 12,900 shares of the energy company’s stock worth $618,000 after purchasing an additional 50 shares in the last quarter. Tdam USA Inc. raised its holdings in Apache Corporation by 0.5% during the second quarter. Tdam USA Inc. now owns 10,426 shares of the energy company’s stock worth $495,000 after purchasing an additional 55 shares in the last quarter. Huntington National Bank raised its holdings in Apache Corporation by 1.1% during the second quarter. Huntington National Bank now owns 5,449 shares of the energy company’s stock worth $261,000 after purchasing an additional 58 shares in the last quarter. Finally, Fulton Bank N.A. raised its holdings in Apache Corporation by 0.6% during the second quarter. Fulton Bank N.A. now owns 10,316 shares of the energy company’s stock worth $494,000 after purchasing an additional 59 shares in the last quarter. 95.00% of the stock is currently owned by institutional investors.
A number of analysts have weighed in on the stock. Zacks Investment Research cut shares of Apache Corporation from a “hold” rating to a “sell” rating in a report on Tuesday. Jefferies Group LLC restated an “underperform” rating and set a $38.00 target price on shares of Apache Corporation in a research report on Tuesday. Stifel Nicolaus set a $42.00 target price on shares of Apache Corporation and gave the stock a “hold” rating in a research report on Thursday, October 5th. Sanford C. Bernstein restated an “outperform” rating on shares of Apache Corporation in a research report on Thursday, September 21st. Finally, J P Morgan Chase & Co lowered shares of Apache Corporation from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $46.00 to $38.00 in a research report on Thursday, September 14th. Nine research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $50.19.
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Apache Corporation (NYSE:APA) last issued its earnings results on Thursday, August 3rd. The energy company reported ($0.21) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.22). Apache Corporation had a negative return on equity of 1.03% and a negative net margin of 0.07%. The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same period in the prior year, the business earned ($0.26) earnings per share. Apache Corporation’s quarterly revenue was up .1% on a year-over-year basis. Analysts expect that Apache Corporation will post $0.03 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Monday, October 23rd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend is Friday, October 20th. Apache Corporation’s dividend payout ratio is presently -4,997.50%.
In other Apache Corporation news, Director John E. Lowe purchased 2,000 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was bought at an average price of $40.32 per share, with a total value of $80,640.00. Following the completion of the purchase, the director now owns 12,000 shares in the company, valued at approximately $483,840. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director John E. Lowe purchased 2,500 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was acquired at an average cost of $44.90 per share, with a total value of $112,250.00. Following the purchase, the director now owns 10,000 shares of the company’s stock, valued at approximately $449,000. The disclosure for this purchase can be found here. Insiders acquired 5,500 shares of company stock worth $235,094 over the last ninety days. 0.48% of the stock is owned by corporate insiders.
Apache Corporation 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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