Apache Co. (APA) Shares Bought by Securian Asset Management Inc

Securian Asset Management Inc boosted its position in Apache Co. (NYSE:APA) by 2.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,354 shares of the energy company’s stock after acquiring an additional 828 shares during the quarter. Securian Asset Management Inc’s holdings in Apache were worth $1,033,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of APA. Sumitomo Life Insurance Co. increased its position in shares of Apache by 1.9% during the fourth quarter. Sumitomo Life Insurance Co. now owns 23,969 shares of the energy company’s stock worth $629,000 after acquiring an additional 455 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its holdings in Apache by 2.8% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 17,315 shares of the energy company’s stock valued at $455,000 after buying an additional 467 shares during the last quarter. Belpointe Asset Management LLC increased its holdings in Apache by 6.7% in the third quarter. Belpointe Asset Management LLC now owns 7,605 shares of the energy company’s stock valued at $363,000 after buying an additional 475 shares during the last quarter. CKW Financial Group increased its holdings in Apache by 25.0% in the fourth quarter. CKW Financial Group now owns 2,500 shares of the energy company’s stock valued at $66,000 after buying an additional 500 shares during the last quarter. Finally, Steinberg Global Asset Management increased its holdings in Apache by 6.2% in the fourth quarter. Steinberg Global Asset Management now owns 16,867 shares of the energy company’s stock valued at $443,000 after buying an additional 988 shares during the last quarter. Hedge funds and other institutional investors own 95.45% of the company’s stock.

Shares of NYSE APA opened at $31.08 on Wednesday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.26 and a quick ratio of 1.10. The company has a market cap of $11.82 billion, a PE ratio of 129.50, a price-to-earnings-growth ratio of 10.34 and a beta of 1.72. Apache Co. has a 12-month low of $24.56 and a 12-month high of $50.03.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Monday, April 22nd will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, April 18th. This represents a $1.00 annualized dividend and a dividend yield of 3.22%. Apache’s dividend payout ratio is presently 416.67%.

Several analysts recently weighed in on the company. Zacks Investment Research raised Apache from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a report on Tuesday, October 16th. Mizuho restated a “hold” rating and issued a $47.00 target price on shares of Apache in a research note on Monday, October 22nd. Stifel Nicolaus restated a “hold” rating and issued a $49.00 target price on shares of Apache in a research note on Wednesday, October 24th. Raymond James restated a “buy” rating and issued a $65.00 target price on shares of Apache in a research note on Thursday, November 1st. Finally, BMO Capital Markets restated a “hold” rating and issued a $40.00 target price on shares of Apache in a research note on Monday, November 5th. Six investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $42.35.

COPYRIGHT VIOLATION WARNING: “Apache Co. (APA) Shares Bought by Securian Asset Management Inc” was originally reported by Community Financial News and is owned by of Community Financial News. If you are accessing this article on another website, it was illegally stolen and republished in violation of U.S. and international copyright law. The legal version of this article can be viewed at https://www.com-unik.info/2019/02/13/apache-co-apa-shares-bought-by-securian-asset-management-inc.html.

About Apache

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.

Further Reading: Why do corrections happen?

Institutional Ownership by Quarter for Apache (NYSE:APA)

Receive News & Ratings for Apache Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apache and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit