Aviva PLC Has $11.39 Million Stake in Apache Corporation (APA)

Aviva PLC boosted its position in Apache Corporation (NYSE:APA) by 1.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 237,547 shares of the energy company’s stock after buying an additional 3,910 shares during the period. Aviva PLC owned about 0.06% of Apache Corporation worth $11,388,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Beese Fulmer Investment Management Inc. increased 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 worth $288,000 after buying an additional 23 shares during the period. First Manhattan Co. increased 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 worth $756,000 after buying an additional 55 shares during the period. Albert D Mason Inc. increased 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 worth $449,000 after buying an additional 55 shares during the period. Tdam USA Inc. increased its position in shares of Apache Corporation by 0.5% in the second quarter. Tdam USA Inc. now owns 10,426 shares of the energy company’s stock worth $495,000 after buying an additional 55 shares during the period. Finally, Huntington National Bank increased 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 worth $261,000 after buying an additional 58 shares during the period. 93.72% of the stock is currently owned by institutional investors.

Apache Corporation (NYSE:APA) opened at 40.06 on Friday. The firm’s market cap is $15.26 billion. The firm’s 50-day moving average is $45.27 and its 200 day moving average is $49.16. Apache Corporation has a 12-month low of $39.04 and a 12-month high of $69.00.

Apache Corporation (NYSE:APA) last issued its earnings results on Thursday, August 3rd. The energy company reported ($0.21) EPS 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 for the quarter was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.26) earnings per share. Equities research analysts predict that Apache Corporation will post $0.06 EPS for the current year.

A number of equities analysts have commented on the stock. Scotiabank reaffirmed a “hold” rating and set a $58.00 target price on shares of Apache Corporation in a research note on Monday, May 15th. BMO Capital Markets reaffirmed a “hold” rating and set a $53.00 target price on shares of Apache Corporation in a research note on Monday, May 15th. Wolfe Research downgraded shares of Apache Corporation from a “market perform” rating to an “underperform” rating in a research note on Monday, July 17th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $48.00 target price (down from $55.00) on shares of Apache Corporation in a research note on Saturday, July 22nd. Finally, Citigroup Inc. reduced their target price on shares of Apache Corporation from $58.00 to $50.00 and set a “neutral” rating on the stock in a research note on Friday, July 21st. 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. The stock presently has an average rating of “Hold” and an average price target of $56.26.

In related news, Director John E. Lowe purchased 2,000 shares of the stock in a transaction on Thursday, August 17th. The shares were purchased at an average cost of $40.32 per share, for a total transaction of $80,640.00. Following the completion of the transaction, the director now directly owns 12,000 shares of the company’s stock, valued at approximately $483,840. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director George D. Lawrence purchased 900 shares of the stock in a transaction on Friday, August 11th. The stock was bought at an average price of $42.49 per share, for a total transaction of $38,241.00. Following the completion of the transaction, the director now directly owns 38,445 shares of the company’s stock, valued at $1,633,528.05. The disclosure for this purchase can be found here. Insiders acquired 5,500 shares of company stock worth $235,094 over the last quarter. Company insiders own 0.48% of the company’s stock.

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.