SG Americas Securities LLC trimmed its stake in Apache Corporation (NYSE:APA) by 81.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,594 shares of the energy company’s stock after selling 54,905 shares during the period. SG Americas Securities LLC’s holdings in Apache Corporation were worth $604,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of APA. BlackRock Inc. lifted its holdings in Apache Corporation by 3,551.6% during the 1st quarter. BlackRock Inc. now owns 29,003,850 shares of the energy company’s stock valued at $1,490,509,000 after purchasing an additional 28,209,565 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Apache Corporation by 2.4% in the first 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 during the last quarter. State Street Corp raised its stake in shares of Apache Corporation by 0.7% in the first 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 during the last quarter. Harris Associates L P raised 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 acquiring an additional 2,307,915 shares during the last quarter. Finally, FIL Ltd raised its stake in shares of Apache Corporation by 1.0% in the first quarter. FIL Ltd now owns 5,187,065 shares of the energy company’s stock worth $266,563,000 after acquiring an additional 49,710 shares during the last quarter. Institutional investors and hedge funds own 95.05% of the company’s stock.
In other Apache Corporation news, Director George D. Lawrence acquired 900 shares of the company’s stock in a transaction that occurred 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 acquisition, the director now directly owns 38,445 shares in the company, valued at $1,633,528.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John E. Lowe acquired 2,000 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were acquired at an average price of $40.32 per share, with a total value of $80,640.00. Following the acquisition, the director now owns 12,000 shares in the company, valued at $483,840. The disclosure for this purchase can be found here. In the last quarter, insiders bought 5,500 shares of company stock valued at $235,094. Company insiders own 0.48% of the company’s stock.
Shares of Apache Corporation (APA) traded up 0.71% on Friday, reaching $42.52. 3,101,582 shares of the company were exchanged. The stock’s 50-day moving average is $41.94 and its 200 day moving average is $47.62. Apache Corporation has a 12-month low of $38.14 and a 12-month high of $69.00. The firm’s market capitalization is $16.20 billion.
Apache Corporation (NYSE:APA) last released its quarterly earnings results on Thursday, August 3rd. The energy company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.22). The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.26) EPS. On average, analysts forecast that Apache Corporation will post $0.04 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Monday, October 23rd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date is Friday, October 20th. Apache Corporation’s dividend payout ratio (DPR) is -4,997.50%.
Several equities research analysts have recently commented on APA shares. Jefferies Group LLC set a $35.00 price objective on shares of Apache Corporation and gave the company a “sell” rating in a report on Tuesday, August 29th. Wells Fargo & Company reiterated a “market perform” rating and issued a $48.00 price target (down previously from $55.00) on shares of Apache Corporation in a report on Saturday, July 22nd. BidaskClub upgraded shares of Apache Corporation from a “sell” rating to a “hold” rating in a report on Saturday, July 1st. Cowen and Company set a $50.00 price objective on shares of Apache Corporation and gave the stock a “hold” rating in a research report on Tuesday, July 18th. Finally, Wolfe Research lowered shares of Apache Corporation from a “market perform” rating to an “underperform” rating in a research report on Monday, July 17th. Nine research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company. Apache Corporation presently has an average rating of “Hold” and a consensus price target of $53.16.
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. 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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