LaFleur & Godfrey LLC increased its position in shares of Apache Corporation (NYSE:APA) by 10.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 165,232 shares of the energy company’s stock after buying an additional 14,990 shares during the period. Apache Corporation comprises 2.1% of LaFleur & Godfrey LLC’s holdings, making the stock its 17th largest position. LaFleur & Godfrey LLC’s holdings in Apache Corporation were worth $7,920,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in APA. BlackRock Inc. boosted its stake in shares of Apache Corporation by 3,551.6% in the first quarter. BlackRock Inc. now owns 29,003,850 shares of the energy company’s stock worth $1,490,509,000 after buying an additional 28,209,565 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Apache Corporation by 155.6% in the first quarter. JPMorgan Chase & Co. now owns 4,967,031 shares of the energy company’s stock worth $255,258,000 after buying an additional 3,023,533 shares during the period. Harris Associates L P boosted its stake in shares of Apache Corporation by 16.4% in the first quarter. Harris Associates L P now owns 16,397,422 shares of the energy company’s stock worth $842,663,000 after buying an additional 2,307,915 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Apache Corporation by 156.5% in the first quarter. Ameriprise Financial Inc. now owns 1,578,266 shares of the energy company’s stock worth $81,064,000 after buying an additional 962,883 shares during the period. Finally, Point72 Asset Management L.P. bought a new stake in shares of Apache Corporation during the first quarter worth $48,518,000. 94.04% of the stock is owned by hedge funds and other institutional investors.
Apache Corporation (NYSE:APA) opened at 42.39 on Friday. The firm’s market capitalization is $16.15 billion. Apache Corporation has a 12 month low of $42.17 and a 12 month high of $69.00. The firm’s 50-day moving average is $47.14 and its 200 day moving average is $50.57.
Apache Corporation (NYSE:APA) last released its earnings results on Thursday, August 3rd. The energy company reported ($0.21) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $0.22. The company had revenue of $1.38 billion for 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 firm’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the previous year, the business posted ($0.26) EPS. Equities analysts predict that Apache Corporation will post $0.13 earnings per share for the current year.
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A number of equities research analysts have recently commented on APA shares. BidaskClub raised shares of Apache Corporation from a “sell” rating to a “hold” rating in a report on Saturday, July 1st. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $48.00 target price (down from $55.00) on shares of Apache Corporation in a report on Saturday, July 22nd. ValuEngine cut shares of Apache Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Zacks Investment Research raised shares of Apache Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, June 21st. Finally, Barclays PLC reaffirmed a “sell” rating and issued a $41.00 target price (down from $50.00) on shares of Apache Corporation in a report on Thursday, April 20th. Eight research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the stock. Apache Corporation presently has an average rating of “Hold” and a consensus target price of $56.39.
In related news, Director Rene R. Joyce bought 10,000 shares of the stock in a transaction on Monday, May 15th. The shares were purchased at an average price of $51.38 per share, with a total value of $513,800.00. Following the purchase, the director now owns 10,000 shares in the company, valued at $513,800. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John E. Lowe bought 2,500 shares of the stock in a transaction on Monday, August 7th. The shares were bought at an average cost of $44.90 per share, for a total transaction of $112,250.00. Following the purchase, the director now owns 10,000 shares in the company, valued at approximately $449,000. The disclosure for this purchase can be found here. 0.48% of the stock is currently owned by company insiders.
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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