Scotia Capital Inc. decreased its stake in shares of Apache Co. (NYSE:APA) by 28.5% during the 4th quarter, Holdings Channel reports. The firm owned 8,983 shares of the energy company’s stock after selling 3,577 shares during the period. Scotia Capital Inc.’s holdings in Apache were worth $379,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Hartford Financial Management Inc. boosted its stake in shares of Apache by 12.1% during the 4th quarter. Hartford Financial Management Inc. now owns 10,189 shares of the energy company’s stock worth $430,000 after acquiring an additional 1,100 shares during the period. Mutual of America Capital Management LLC boosted its stake in shares of Apache by 2.3% during the 4th quarter. Mutual of America Capital Management LLC now owns 50,419 shares of the energy company’s stock worth $2,129,000 after acquiring an additional 1,133 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Apache by 1.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 81,213 shares of the energy company’s stock worth $3,431,000 after acquiring an additional 1,258 shares during the period. Engineers Gate Manager LP boosted its stake in shares of Apache by 13.6% during the 4th quarter. Engineers Gate Manager LP now owns 10,642 shares of the energy company’s stock worth $449,000 after acquiring an additional 1,271 shares during the period. Finally, FDx Advisors Inc. boosted its stake in shares of Apache by 4.8% during the 4th quarter. FDx Advisors Inc. now owns 30,470 shares of the energy company’s stock worth $1,286,000 after acquiring an additional 1,383 shares during the period. 96.22% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have recently commented on APA. Citigroup reduced their target price on Apache from $46.00 to $40.00 and set a “neutral” rating for the company in a research note on Wednesday, February 28th. Barclays lifted their target price on Apache from $26.00 to $30.00 and gave the stock an “underweight” rating in a research note on Monday, November 20th. Mitsubishi UFJ Financial Group upgraded Apache from a “neutral” rating to an “overweight” rating in a research note on Tuesday, February 27th. Royal Bank of Canada reiterated a “hold” rating and set a $45.00 target price on shares of Apache in a research note on Monday, March 5th. Finally, ValuEngine downgraded Apache from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Ten equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $43.06.
Apache (NYSE:APA) last released its quarterly earnings results on Thursday, February 22nd. The energy company reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.12. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.54 billion. Apache had a return on equity of 1.11% and a net margin of 20.32%. During the same period in the previous year, the company posted ($0.06) EPS. equities analysts predict that Apache Co. will post 1.56 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 22nd. Investors of record on Monday, April 23rd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, April 20th. This represents a $1.00 annualized dividend and a yield of 2.82%. Apache’s dividend payout ratio (DPR) is presently 29.33%.
In related news, Director John E. Lowe acquired 2,500 shares of the company’s stock in a transaction on Friday, March 2nd. The stock was purchased at an average cost of $33.80 per share, with a total value of $84,500.00. Following the acquisition, the director now directly owns 17,500 shares of the company’s stock, valued at $591,500. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John E. Lowe acquired 3,000 shares of the company’s stock in a transaction on Wednesday, December 13th. The stock was bought at an average cost of $40.02 per share, with a total value of $120,060.00. Following the completion of the acquisition, the director now directly owns 15,000 shares in the company, valued at $600,300. The disclosure for this purchase can be found here. Insiders own 0.48% of the company’s stock.
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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.
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