Meyer Handelman Co. held its position in Apache Corporation (NYSE:APA) during the second quarter, according to its most recent filing with the SEC. The firm owned 5,088 shares of the energy company’s stock at the end of the second quarter. Meyer Handelman Co.’s holdings in Apache Corporation were worth $244,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the stock. Pinnacle Bank acquired a new position in Apache Corporation during the first quarter valued at $100,000. Invictus RG acquired a new position in Apache Corporation during the first quarter valued at $100,000. Thompson Davis & CO. Inc. boosted its position in Apache Corporation by 33.7% in the first quarter. Thompson Davis & CO. Inc. now owns 2,009 shares of the energy company’s stock valued at $103,000 after buying an additional 506 shares during the period. Parallel Advisors LLC boosted its position in Apache Corporation by 7.4% in the first quarter. Parallel Advisors LLC now owns 2,346 shares of the energy company’s stock valued at $114,000 after buying an additional 161 shares during the period. Finally, State of Alaska Department of Revenue acquired a new position in Apache Corporation during the first quarter valued at $135,000. Institutional investors and hedge funds own 94.06% of the company’s stock.
Apache Corporation (APA) traded down 1.90% on Friday, hitting $48.41. The company had a trading volume of 3,347,555 shares. Apache Corporation has a one year low of $44.60 and a one year high of $69.00. The stock has a 50 day moving average of $47.60 and a 200-day moving average of $52.26. The stock’s market capitalization is $18.42 billion.
Apache Corporation (NYSE:APA) last issued its quarterly earnings results on Thursday, May 4th. The energy company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.08. The business had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.49 billion. Apache Corporation had a negative return on equity of 1.27% and a negative net margin of 13.34%. During the same quarter last year, the business posted ($0.40) earnings per share. Equities analysts anticipate that Apache Corporation will post $0.46 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 22nd. Investors of record on Friday, July 21st will be issued a dividend of $0.25 per share. The ex-dividend date is Wednesday, July 19th. This represents a $1.00 dividend on an annualized basis and a yield of 2.07%. Apache Corporation’s dividend payout ratio (DPR) is currently -46.08%.
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Several equities analysts have recently weighed in on the company. Scotiabank set a $50.00 price objective on Apache Corporation and gave the company a “hold” rating in a report on Saturday, July 1st. Royal Bank Of Canada reiterated a “hold” rating and set a $55.00 price objective on shares of Apache Corporation in a report on Thursday. Citigroup Inc. cut their price objective on Apache Corporation from $58.00 to $50.00 and set a “neutral” rating on the stock in a report on Friday. Wolfe Research cut Apache Corporation from a “market perform” rating to an “underperform” rating in a report on Monday, July 17th. Finally, Cowen and Company set a $50.00 price objective on Apache Corporation and gave the company a “hold” rating in a report on Tuesday, July 18th. Seven research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the company’s stock. Apache Corporation presently has a consensus rating of “Hold” and an average target price of $56.39.
In other Apache Corporation news, Director Rene R. Joyce purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The shares were acquired at an average cost of $51.38 per share, for a total transaction of $513,800.00. Following the completion of the acquisition, the director now owns 10,000 shares of the company’s stock, valued at approximately $513,800. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.48% of the company’s stock.
About Apache Corporation
Apache Corporation is an independent energy company. The Company explores for, develops, and produces natural gas, crude oil and natural gas liquids. It has production in four segments: the United States, Canada, Egypt and the United Kingdom North Sea. It also pursues exploration interests in Suriname.
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