Robeco Institutional Asset Management B.V. Raises Stake in Apache Co. (APA)

Robeco Institutional Asset Management B.V. lifted its position in Apache Co. (NYSE:APA) by 19.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,430 shares of the energy company’s stock after acquiring an additional 6,664 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Apache were worth $1,975,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Steward Partners Investment Advisory LLC lifted its holdings in shares of Apache by 575.1% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 2,221 shares of the energy company’s stock worth $104,000 after purchasing an additional 1,892 shares during the last quarter. Field & Main Bank bought a new stake in Apache during the 3rd quarter valued at $120,000. Dorsey & Whitney Trust CO LLC bought a new stake in Apache during the 3rd quarter valued at $205,000. Wesbanco Bank Inc. bought a new stake in Apache during the 2nd quarter valued at $207,000. Finally, Mutual Advisors LLC bought a new stake in Apache during the 2nd quarter valued at $208,000. Institutional investors own 96.83% of the company’s stock.

In other news, insider Rebecca A. Hoyt sold 6,111 shares of the business’s stock in a transaction on Thursday, September 27th. The stock was sold at an average price of $47.48, for a total value of $290,150.28. Following the sale, the insider now owns 30,548 shares of the company’s stock, valued at approximately $1,450,419.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stephen J. Riney acquired 6,300 shares of the company’s stock in a transaction dated Monday, August 27th. The stock was purchased at an average cost of $43.51 per share, for a total transaction of $274,113.00. Following the purchase, the insider now directly owns 42,184 shares in the company, valued at approximately $1,835,425.84. The disclosure for this purchase can be found here. 0.59% of the stock is currently owned by insiders.

APA opened at $34.86 on Friday. Apache Co. has a one year low of $33.60 and a one year high of $50.03. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.10 and a current ratio of 1.26. The firm has a market capitalization of $13.67 billion, a PE ratio of 145.25, a PEG ratio of 2.57 and a beta of 1.35.

Apache (NYSE:APA) last posted its quarterly earnings data on Wednesday, October 31st. The energy company reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.16. Apache had a return on equity of 7.71% and a net margin of 12.11%. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the previous year, the business earned $0.04 EPS. The company’s quarterly revenue was up 25.9% compared to the same quarter last year. On average, research analysts forecast that Apache Co. will post 2 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 21st. Stockholders of record on Monday, October 22nd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend was Friday, October 19th. Apache’s dividend payout ratio is presently 416.67%.

Several brokerages have weighed in on APA. Zacks Investment Research downgraded Apache from a “buy” rating to a “hold” rating in a research note on Wednesday. Morgan Stanley cut their target price on Apache from $43.00 to $35.00 and set a “sell” rating on the stock in a research note on Tuesday. Citigroup reaffirmed a “neutral” rating and set a $42.00 target price (down previously from $44.00) on shares of Apache in a research note on Tuesday. Piper Jaffray Companies set a $57.00 target price on Apache and gave the company a “hold” rating in a research note on Friday, November 16th. Finally, Jefferies Financial Group cut their target price on Apache to $31.00 and set an “underperform” rating on the stock in a research note on Thursday, November 15th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $47.35.

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Apache Company Profile

Apache Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids (NGLs). The company has operations in onshore assets located Permian and Midcontinent/Gulf Coast onshore regions; and offshore assets situated in the Gulf of Mexico region.

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Institutional Ownership by Quarter for Apache (NYSE:APA)

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