Candriam Luxembourg S.C.A. raised its stake in shares of Apache Corporation (NYSE:APA) by 3.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 63,052 shares of the energy company’s stock after buying an additional 1,819 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Apache Corporation were worth $3,022,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of APA. Pinnacle Bank acquired a new position in Apache Corporation during the first quarter valued at approximately $100,000. Invictus RG acquired a new position in Apache Corporation during the first quarter valued at approximately $100,000. Thompson Davis & CO. Inc. raised 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 raised 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 approximately $135,000. 94.04% of the stock is owned by institutional investors and hedge funds.
Apache Corporation (APA) opened at 44.12 on Wednesday. Apache Corporation has a 52 week low of $43.24 and a 52 week high of $69.00. The stock has a 50 day moving average of $47.75 and a 200 day moving average of $51.24. The firm’s market cap is $16.78 billion.
Apache Corporation (NYSE:APA) last announced its quarterly earnings results on Thursday, August 3rd. The energy company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by $0.22. The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.41 billion. Apache Corporation had a negative net margin of 0.07% and a negative return on equity of 1.03%. The business’s revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.26) earnings per share. Analysts anticipate that Apache Corporation will post $0.28 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 22nd. Investors of record on Friday, July 21st will be given a $0.25 dividend. The ex-dividend date is Wednesday, July 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.27%. Apache Corporation’s dividend payout ratio is -4,997.50%.
Several research analysts have recently commented on the stock. Scotiabank set a $50.00 price target on shares of Apache Corporation and gave the company a “hold” rating in a report on Saturday, July 1st. BidaskClub lowered shares of Apache Corporation from a “hold” rating to a “sell” rating in a report on Saturday. BMO Capital Markets set a $45.00 price target on shares of Apache Corporation and gave the company a “hold” rating in a report on Thursday, August 3rd. Citigroup Inc. decreased their price target on shares of Apache Corporation from $58.00 to $50.00 and set a “neutral” rating for the company in a report on Friday, July 21st. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $55.00 price target on shares of Apache Corporation in a report on Thursday, July 20th. Eight equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $56.39.
In other news, Director John E. Lowe purchased 2,500 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were acquired at an average cost of $44.90 per share, for a total transaction of $112,250.00. Following the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $449,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rene R. Joyce purchased 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The stock was purchased at an average price of $51.38 per share, for a total transaction of $513,800.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at $513,800. The disclosure for this purchase can be found here. 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.
Want to see what other hedge funds are holding APA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apache Corporation (NYSE:APA).
Receive News & Ratings for Apache Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apache Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
