AMP Capital Investors Ltd Has $4.85 Million Holdings in Apache Co. (APA)

AMP Capital Investors Ltd trimmed its position in shares of Apache Co. (NYSE:APA) by 2.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 102,159 shares of the energy company’s stock after selling 2,374 shares during the quarter. AMP Capital Investors Ltd’s holdings in Apache were worth $4,845,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in APA. Dimensional Fund Advisors LP lifted its position in shares of Apache by 71.0% during the second quarter. Dimensional Fund Advisors LP now owns 3,644,974 shares of the energy company’s stock valued at $170,375,000 after buying an additional 1,512,960 shares during the last quarter. Manitou Investment Management Ltd. purchased a new stake in shares of Apache during the third quarter valued at about $34,350,000. Sei Investments Co. lifted its position in shares of Apache by 4,112.2% during the second quarter. Sei Investments Co. now owns 238,538 shares of the energy company’s stock valued at $11,152,000 after buying an additional 232,875 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Apache by 38.1% during the second quarter. First Trust Advisors LP now owns 727,185 shares of the energy company’s stock valued at $33,996,000 after buying an additional 200,603 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Apache by 16.6% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,385,868 shares of the energy company’s stock valued at $66,064,000 after buying an additional 197,248 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

In related news, insider Rebecca A. Hoyt sold 6,111 shares of the stock in a transaction that occurred on Thursday, September 27th. The shares were sold at an average price of $47.48, for a total value of $290,150.28. Following the transaction, the insider now owns 30,548 shares in the company, valued at approximately $1,450,419.04. The sale was disclosed in a filing with the SEC, which is available through this link. 0.59% of the stock is currently owned by corporate insiders.

Shares of NYSE:APA opened at $33.01 on Monday. Apache Co. has a twelve month low of $32.96 and a twelve month 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 company has a market capitalization of $12.53 billion, a P/E ratio of 137.54, a price-to-earnings-growth ratio of 2.35 and a beta of 1.32.

Apache (NYSE:APA) last issued its quarterly earnings results on Wednesday, October 31st. The energy company reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.16. Apache had a net margin of 12.11% and a return on equity of 7.71%. 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 prior year, the company earned $0.04 EPS. Apache’s quarterly revenue was up 25.9% on a year-over-year basis. On average, analysts forecast that Apache Co. will post 2.01 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 21st. Investors of record on Monday, October 22nd were issued a $0.25 dividend. The ex-dividend date was Friday, October 19th. This represents a $1.00 annualized dividend and a yield of 3.03%. Apache’s dividend payout ratio (DPR) is presently 416.67%.

Several equities analysts have recently issued reports on the stock. Stifel Nicolaus restated a “hold” rating and set a $49.00 price objective on shares of Apache in a report on Thursday, August 30th. ValuEngine upgraded shares of Apache from a “sell” rating to a “hold” rating in a report on Friday, August 24th. BMO Capital Markets restated a “hold” rating and set a $37.00 price objective on shares of Apache in a report on Tuesday, November 13th. Jefferies Financial Group cut their price objective on shares of Apache to $31.00 and set an “underperform” rating on the stock in a report on Thursday, November 15th. Finally, Morgan Stanley cut their price objective on shares of Apache from $43.00 to $35.00 and set a “sell” rating on the stock in a report on Tuesday, November 20th. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $45.77.

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Apache 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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