American Century Companies Inc. Buys 5,164 Shares of Apache Co. (APA)

American Century Companies Inc. grew its stake in shares of Apache Co. (NYSE:APA) by 0.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 561,525 shares of the energy company’s stock after buying an additional 5,164 shares during the period. American Century Companies Inc. owned 0.15% of Apache worth $21,607,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in APA. Nisa Investment Advisors LLC increased its position in Apache by 1.6% during the fourth quarter. Nisa Investment Advisors LLC now owns 81,213 shares of the energy company’s stock worth $3,431,000 after buying an additional 1,258 shares in the last quarter. Bank of Montreal Can increased its position in Apache by 1.3% during the fourth quarter. Bank of Montreal Can now owns 152,728 shares of the energy company’s stock worth $6,448,000 after buying an additional 1,968 shares in the last quarter. National Pension Service increased its position in Apache by 10.7% during the fourth quarter. National Pension Service now owns 419,376 shares of the energy company’s stock worth $17,706,000 after buying an additional 40,399 shares in the last quarter. Charter Trust Co. increased its position in Apache by 41.0% during the fourth quarter. Charter Trust Co. now owns 8,253 shares of the energy company’s stock worth $348,000 after buying an additional 2,399 shares in the last quarter. Finally, Westpac Banking Corp increased its position in Apache by 18.2% during the fourth quarter. Westpac Banking Corp now owns 69,337 shares of the energy company’s stock worth $2,927,000 after buying an additional 10,677 shares in the last quarter. 96.27% of the stock is owned by institutional investors.

In other news, Director John E. Lowe bought 2,500 shares of Apache stock in a transaction that occurred on Friday, March 2nd. The shares were purchased at an average price of $33.80 per share, for a total transaction of $84,500.00. Following the completion of the acquisition, the director now owns 17,500 shares of the company’s stock, valued at $591,500. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.59% of the stock is currently owned by company insiders.

Several equities analysts have weighed in on APA shares. Morgan Stanley raised their price target on Apache from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. Royal Bank of Canada set a $48.00 price objective on Apache and gave the company a “hold” rating in a research report on Friday, April 13th. Stifel Nicolaus set a $48.00 price objective on Apache and gave the company a “hold” rating in a research report on Wednesday, March 28th. BMO Capital Markets reaffirmed a “hold” rating and issued a $35.00 price objective on shares of Apache in a research report on Tuesday, February 27th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and issued a $39.00 price objective (down previously from $43.00) on shares of Apache in a research report on Friday, February 23rd. Ten investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $41.13.

Shares of Apache stock opened at $44.01 on Friday. Apache Co. has a twelve month low of $41.96 and a twelve month high of $42.43. The firm has a market capitalization of $16.25 billion, a P/E ratio of 183.38, a PEG ratio of 4.51 and a beta of 1.10. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.22 and a current ratio of 1.39.

Apache (NYSE:APA) last issued its earnings results on Wednesday, May 2nd. The energy company reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.06. Apache had a return on equity of 2.16% and a net margin of 19.67%. The firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter last year, the firm earned $0.08 earnings per share. equities research analysts predict that Apache Co. will post 1.35 EPS for the current year.

Apache Profile

Apache Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids (NGLs). The company has operations in onshore assets located Permian and Midcontinent/Gulf Coast onshore regions; and offshore assets situated in the Gulf of Mexico region.

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Institutional Ownership by Quarter for Apache (NYSE:APA)

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