Murphy Pohlad Asset Management LLC raised its stake in Apache Corporation (NYSE:APA) by 13.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,685 shares of the energy company’s stock after buying an additional 4,320 shares during the quarter. Murphy Pohlad Asset Management LLC’s holdings in Apache Corporation were worth $1,680,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the business. Thrivent Financial For Lutherans lifted its stake in shares of Apache Corporation by 6.7% in the 1st quarter. Thrivent Financial For Lutherans now owns 14,020 shares of the energy company’s stock valued at $720,000 after purchasing an additional 880 shares during the last quarter. Invictus RG acquired a new position in shares of Apache Corporation in the 1st quarter valued at $100,000. Brown Advisory Securities LLC lifted its stake in shares of Apache Corporation by 191.3% in the 1st quarter. Brown Advisory Securities LLC now owns 23,985 shares of the energy company’s stock valued at $1,232,000 after purchasing an additional 15,752 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Apache Corporation by 2.8% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,357,160 shares of the energy company’s stock valued at $69,745,000 after purchasing an additional 37,009 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. lifted its stake in shares of Apache Corporation by 49.2% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 871,500 shares of the energy company’s stock valued at $44,786,000 after purchasing an additional 287,500 shares during the last quarter. Institutional investors own 95.28% of the company’s stock.
Shares of Apache Corporation (NYSE:APA) traded up 1.06% during midday trading on Monday, reaching $41.17. The company’s stock had a trading volume of 879,508 shares. Apache Corporation has a 52 week low of $38.14 and a 52 week high of $69.00. The firm’s 50 day moving average is $42.84 and its 200 day moving average is $45.86. The firm’s market capitalization is $15.68 billion.
Apache Corporation (NYSE:APA) last issued its quarterly earnings data on Thursday, August 3rd. The energy company reported ($0.21) EPS for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.22). The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.41 billion. Apache Corporation had a negative return on equity of 1.03% and a negative net margin of 0.07%. The company’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.26) EPS. Equities analysts forecast that Apache Corporation will post $0.02 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Monday, October 23rd will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date is Friday, October 20th. Apache Corporation’s dividend payout ratio is presently -4,997.50%.
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APA has been the topic of several recent analyst reports. Morgan Stanley upped their price target on Apache Corporation from $45.00 to $46.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 18th. Royal Bank Of Canada set a $55.00 price target on Apache Corporation and gave the company a “hold” rating in a research note on Thursday, August 24th. Jefferies Group LLC reaffirmed an “underperform” rating and issued a $38.00 price target on shares of Apache Corporation in a research note on Tuesday, October 10th. Scotiabank set a $50.00 price target on Apache Corporation and gave the company a “hold” rating in a research note on Thursday, August 3rd. Finally, Barclays PLC decreased their price target on Apache Corporation from $30.00 to $26.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 11th. Nine research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $48.88.
In related news, Director George D. Lawrence acquired 900 shares of Apache Corporation stock in a transaction on Friday, August 11th. The shares were bought at an average price of $42.49 per share, for a total transaction of $38,241.00. Following the completion of the purchase, the director now directly owns 38,445 shares in the company, valued at approximately $1,633,528.05. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John E. Lowe acquired 2,000 shares of Apache Corporation stock in a transaction on Thursday, August 17th. The shares were bought at an average price of $40.32 per share, for a total transaction of $80,640.00. Following the purchase, the director now owns 12,000 shares of the company’s stock, valued at $483,840. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 5,500 shares of company stock worth $235,094. 0.48% of the stock is currently owned by 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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