Dimensional Fund Advisors LP Buys 326,580 Shares of Apache Co. (APA)

Dimensional Fund Advisors LP lifted its stake in shares of Apache Co. (NYSE:APA) by 26.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,547,874 shares of the energy company’s stock after acquiring an additional 326,580 shares during the quarter. Dimensional Fund Advisors LP owned 0.41% of Apache worth $70,893,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Gs Investments Inc. acquired a new position in shares of Apache during the second quarter worth $149,000. Bronfman E.L. Rothschild L.P. grew its stake in shares of Apache by 410.5% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,635 shares of the energy company’s stock worth $174,000 after purchasing an additional 2,923 shares in the last quarter. North Star Asset Management Inc. acquired a new position in shares of Apache during the third quarter worth $206,000. Dupont Capital Management Corp acquired a new position in shares of Apache during the second quarter worth $200,000. Finally, Coastline Trust Co acquired a new position in shares of Apache during the second quarter worth $209,000. 94.56% of the stock is currently owned by institutional investors and hedge funds.

APA has been the subject of several research analyst reports. Morgan Stanley upped their price objective on shares of Apache from $45.00 to $46.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 18th. Bank of America upped their price objective on shares of Apache from $41.00 to $42.00 and gave the company an “underperform” rating in a research note on Monday, November 6th. BMO Capital Markets restated a “hold” rating and issued a $42.00 price objective on shares of Apache in a research note on Tuesday, November 7th. Royal Bank of Canada restated a “hold” rating and issued a $55.00 price objective on shares of Apache in a research note on Tuesday, November 7th. Finally, Jefferies Group restated an “underperform” rating and issued a $38.00 price objective on shares of Apache in a research note on Tuesday, October 10th. Ten investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. Apache currently has an average rating of “Hold” and a consensus price target of $45.94.

In other news, insider P Anthony Lannie sold 19,514 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $44.04, for a total transaction of $859,396.56. Following the completion of the sale, the insider now owns 37,469 shares in the company, valued at $1,650,134.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director John E. Lowe bought 3,000 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The shares were acquired at an average price of $40.02 per share, with a total value of $120,060.00. Following the purchase, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $600,300. The disclosure for this purchase can be found here. 0.48% of the stock is currently owned by corporate insiders.

Shares of Apache Co. (NYSE APA) opened at $42.89 on Thursday. Apache Co. has a 12 month low of $38.14 and a 12 month high of $66.66. The firm has a market cap of $16,340.00, a PE ratio of 24.79, a PEG ratio of 76.63 and a beta of 1.05. The company has a current ratio of 1.53, a quick ratio of 1.37 and a debt-to-equity ratio of 0.95.

Apache (NYSE:APA) last announced its earnings results on Thursday, November 2nd. The energy company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.09. Apache had a net margin of 10.60% and a negative return on equity of 0.70%. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the firm earned ($0.03) earnings per share. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. research analysts expect that Apache Co. will post 0.08 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Monday, January 22nd will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, January 19th. This represents a $1.00 annualized dividend and a dividend yield of 2.33%. Apache’s dividend payout ratio (DPR) is 57.80%.

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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. The Company’s production segments include: the United States, Egypt and the United Kingdom North Sea. It also pursues exploration interests in Suriname.

Institutional Ownership by Quarter for Apache (NYSE:APA)

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