BRYN MAWR TRUST Co lifted its position in shares of Apache Corporation (NYSE:APA) by 19.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 152,916 shares of the energy company’s stock after acquiring an additional 24,885 shares during the quarter. BRYN MAWR TRUST Co’s holdings in Apache Corporation were worth $7,329,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Apache Corporation by 3,551.6% during the 1st quarter. BlackRock Inc. now owns 29,003,850 shares of the energy company’s stock worth $1,490,509,000 after acquiring an additional 28,209,565 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Apache Corporation by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 26,319,658 shares of the energy company’s stock worth $1,352,568,000 after acquiring an additional 626,822 shares in the last quarter. State Street Corp boosted its stake in shares of Apache Corporation by 0.7% during the 1st quarter. State Street Corp now owns 19,938,329 shares of the energy company’s stock worth $1,024,633,000 after acquiring an additional 146,990 shares in the last quarter. Harris Associates L P boosted its stake in shares of Apache Corporation by 16.4% during the 1st quarter. Harris Associates L P now owns 16,397,422 shares of the energy company’s stock worth $842,663,000 after acquiring an additional 2,307,915 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Apache Corporation by 11.2% during the 2nd quarter. Franklin Resources Inc. now owns 13,215,507 shares of the energy company’s stock worth $633,381,000 after acquiring an additional 1,335,127 shares in the last quarter. 95.00% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director George D. Lawrence acquired 900 shares of Apache Corporation stock in a transaction that occurred on Friday, August 11th. The shares were acquired at an average price of $42.49 per share, with a total value of $38,241.00. Following the completion of the purchase, the director now owns 38,445 shares of the company’s stock, valued at approximately $1,633,528.05. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John E. Lowe acquired 2,000 shares of Apache Corporation stock in a transaction that occurred 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 purchase, the director now directly owns 12,000 shares of the company’s stock, valued at approximately $483,840. The disclosure for this purchase can be found here. Insiders acquired 5,500 shares of company stock worth $235,094 in the last ninety days. Insiders own 0.48% of the company’s stock.
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Shares of Apache Corporation (APA) traded down 0.92% during mid-day trading on Monday, hitting $42.13. 973,303 shares of the stock were exchanged. The company has a 50-day moving average of $41.94 and a 200 day moving average of $47.62. Apache Corporation has a one year low of $38.14 and a one year high of $69.00. The stock’s market cap is $16.05 billion.
Apache Corporation (NYSE:APA) last announced its quarterly earnings results on Thursday, August 3rd. The energy company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.22). Apache Corporation had a negative net margin of 0.07% and a negative return on equity of 1.03%. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same period last year, the company earned ($0.26) EPS. The firm’s revenue for the quarter was up .1% on a year-over-year basis. On average, equities analysts predict that Apache Corporation will post $0.04 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Monday, October 23rd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.35%. The ex-dividend date is Friday, October 20th. Apache Corporation’s dividend payout ratio (DPR) is presently -4,997.50%.
Several equities research analysts have recently issued reports on APA shares. BidaskClub raised shares of Apache Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. Royal Bank Of Canada reissued a “hold” rating and set a $64.00 target price on shares of Apache Corporation in a research note on Friday, June 16th. Stifel Nicolaus started coverage on shares of Apache Corporation in a research note on Tuesday, July 4th. They set a “hold” rating and a $54.00 target price on the stock. Scotiabank set a $50.00 target price on shares of Apache Corporation and gave the stock a “hold” rating in a research note on Saturday, July 1st. Finally, BMO Capital Markets set a $45.00 target price on shares of Apache Corporation and gave the stock a “hold” rating in a research note on Monday, June 26th. Nine analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $53.16.
Apache Corporation Profile
Apache Corporation is an independent energy company. The Company explores for, develops, and produces natural gas, crude oil and natural gas liquids. The Company’s production segments include: the United States, Egypt and the United Kingdom North Sea. It also pursues exploration interests in Suriname.
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