Barnett & Company Inc. raised its stake in Apache Corporation (NYSE:APA) by 81.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,350 shares of the energy company’s stock after buying an additional 2,850 shares during the period. Barnett & Company Inc.’s holdings in Apache Corporation were worth $304,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Beese Fulmer Investment Management Inc. boosted its position in shares of Apache Corporation by 0.4% in the second quarter. Beese Fulmer Investment Management Inc. now owns 6,016 shares of the energy company’s stock valued at $288,000 after buying an additional 23 shares in the last quarter. First Manhattan Co. boosted its position in shares of Apache Corporation by 0.5% in the first quarter. First Manhattan Co. now owns 11,848 shares of the energy company’s stock valued at $756,000 after buying an additional 55 shares in the last quarter. Albert D Mason Inc. boosted its position in shares of Apache Corporation by 0.6% in the first quarter. Albert D Mason Inc. now owns 8,735 shares of the energy company’s stock valued at $449,000 after buying an additional 55 shares in the last quarter. Huntington National Bank boosted its position in shares of Apache Corporation by 1.1% in the second quarter. Huntington National Bank now owns 5,449 shares of the energy company’s stock valued at $261,000 after buying an additional 58 shares in the last quarter. Finally, Fulton Bank N.A. boosted its position in shares of Apache Corporation by 0.6% in the second quarter. Fulton Bank N.A. now owns 10,316 shares of the energy company’s stock valued at $494,000 after buying an additional 59 shares in the last quarter. 94.38% of the stock is owned by institutional investors.
Shares of Apache Corporation (NYSE:APA) opened at 45.22 on Friday. The stock’s 50 day moving average price is $47.96 and its 200-day moving average price is $51.36. The firm’s market cap is $17.20 billion. Apache Corporation has a 12-month low of $43.61 and a 12-month high of $69.00.
Apache Corporation (NYSE:APA) last announced its quarterly earnings data on Thursday, August 3rd. The energy company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by $0.22. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.41 billion. Apache Corporation had a negative net margin of 0.07% and a negative return on equity of 1.03%. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter last year, the company earned ($0.26) EPS. On average, analysts predict that Apache Corporation will post $0.38 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 22nd. Stockholders of record on Friday, July 21st will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, July 19th. This represents a $1.00 annualized dividend and a dividend yield of 2.21%. Apache Corporation’s payout ratio is -4,997.50%.
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Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada reaffirmed a “hold” rating and set a $63.00 price target on shares of Apache Corporation in a research note on Tuesday, April 25th. BMO Capital Markets reaffirmed a “hold” rating and set a $53.00 price target on shares of Apache Corporation in a research note on Friday, May 5th. Scotiabank reaffirmed a “hold” rating and set a $58.00 price target on shares of Apache Corporation in a research note on Monday, May 15th. BidaskClub cut shares of Apache Corporation from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Wolfe Research cut shares of Apache Corporation from a “market perform” rating to an “underperform” rating in a research note on Monday, July 17th. Eight research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $56.39.
In other news, Director Rene R. Joyce purchased 10,000 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was bought at an average price of $51.38 per share, for a total transaction of $513,800.00. Following the purchase, the director now owns 10,000 shares of the company’s stock, valued at $513,800. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.48% of the stock is currently owned by corporate insiders.
Apache Corporation Company Profile
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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