Metropolitan Life Insurance Co NY trimmed its stake in shares of Apache Co. (NYSE:APA) by 2.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,880 shares of the energy company’s stock after selling 1,176 shares during the quarter. Metropolitan Life Insurance Co NY’s holdings in Apache were worth $1,431,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently modified their holdings of APA. Nuveen Asset Management LLC boosted its holdings in Apache by 14,558.8% in the second quarter. Nuveen Asset Management LLC now owns 1,450,931 shares of the energy company’s stock valued at $42,033,000 after acquiring an additional 1,441,033 shares during the last quarter. UBS Asset Management Americas Inc. raised its holdings in Apache by 90.7% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,442,575 shares of the energy company’s stock worth $70,761,000 after purchasing an additional 1,161,627 shares during the last quarter. Vanguard Group Inc. raised its holdings in Apache by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 42,493,393 shares of the energy company’s stock worth $1,231,034,000 after purchasing an additional 720,427 shares during the last quarter. Holocene Advisors LP raised its holdings in Apache by 231.2% during the 2nd quarter. Holocene Advisors LP now owns 1,000,664 shares of the energy company’s stock worth $28,989,000 after purchasing an additional 698,548 shares during the last quarter. Finally, Sicart Associates LLC lifted its position in shares of Apache by 365.6% in the 3rd quarter. Sicart Associates LLC now owns 731,310 shares of the energy company’s stock worth $18,722,000 after purchasing an additional 574,250 shares during the period. Institutional investors own 95.33% of the company’s stock.
In other news, insider Wheals Rob bought 4,505 shares of Apache stock in a transaction dated Thursday, November 14th. The stock was bought at an average cost of $11.06 per share, for a total transaction of $49,825.30. Company insiders own 0.69% of the company’s stock.
Apache (NYSE:APA) last posted its quarterly earnings results on Wednesday, October 30th. The energy company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.10). Apache had a negative net margin of 14.78% and a positive return on equity of 1.08%. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period last year, the firm posted $0.63 earnings per share. On average, equities analysts predict that Apache Co. will post -0.1 earnings per share for the current year.
The company also recently announced a — dividend, which was paid on Friday, November 22nd. Stockholders of record on Tuesday, October 22nd were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, October 21st. This represents a dividend yield of 4.1%. Apache’s dividend payout ratio is presently 56.50%.
Several equities research analysts have recently weighed in on APA shares. Stifel Nicolaus set a $29.00 price objective on shares of Apache and gave the stock a “hold” rating in a research report on Monday, August 12th. Bank of America raised shares of Apache from an “underperform” rating to a “neutral” rating and set a $28.00 target price for the company in a research note on Friday, October 18th. TheStreet lowered shares of Apache from a “c-” rating to a “d+” rating in a report on Tuesday, September 3rd. ValuEngine raised shares of Apache from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, SunTrust Banks assumed coverage on Apache in a report on Monday, September 23rd. They set a “buy” rating and a $32.00 price target for the company. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $31.71.
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 in the Permian and Midcontinent/Gulf Coast onshore regions; and offshore assets situated in the Gulf of Mexico region.
Further Reading: What does a bar chart display?
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.