Apache Co. (APA) Holdings Boosted by Stoneridge Investment Partners LLC

Stoneridge Investment Partners LLC grew its holdings in Apache Co. (NYSE:APA) by 64.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 64,536 shares of the energy company’s stock after purchasing an additional 25,212 shares during the quarter. Stoneridge Investment Partners LLC’s holdings in Apache were worth $1,694,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of APA. Dodge & Cox lifted its stake in shares of Apache by 1.1% during the third quarter. Dodge & Cox now owns 39,601,676 shares of the energy company’s stock valued at $1,887,812,000 after acquiring an additional 415,850 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Apache by 24.7% during the third quarter. Dimensional Fund Advisors LP now owns 4,545,996 shares of the energy company’s stock valued at $216,696,000 after acquiring an additional 901,022 shares during the period. Clearbridge Investments LLC lifted its stake in shares of Apache by 62.6% during the third quarter. Clearbridge Investments LLC now owns 2,481,181 shares of the energy company’s stock valued at $118,278,000 after acquiring an additional 955,266 shares during the period. Legal & General Group Plc lifted its stake in shares of Apache by 2.7% during the third quarter. Legal & General Group Plc now owns 1,805,545 shares of the energy company’s stock valued at $86,077,000 after acquiring an additional 46,829 shares during the period. Finally, State of New Jersey Common Pension Fund D lifted its stake in shares of Apache by 6.1% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 1,748,400 shares of the energy company’s stock valued at $45,896,000 after acquiring an additional 100,000 shares during the period. 95.45% of the stock is currently owned by institutional investors.

Shares of NYSE:APA traded up $0.16 during mid-day trading on Monday, reaching $30.03. 47,458 shares of the stock were exchanged, compared to its average volume of 4,505,594. 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 cap of $11.34 billion, a PE ratio of 125.73, a PEG ratio of 10.34 and a beta of 1.72. Apache Co. has a one year low of $24.56 and a one year high of $50.03.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Monday, April 22nd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.33%. Apache’s payout ratio is presently 416.67%.

Several equities analysts have recently issued reports on APA shares. Stifel Nicolaus reaffirmed a “hold” rating and set a $49.00 price target on shares of Apache in a research note on Wednesday, October 24th. Mizuho reaffirmed a “hold” rating and set a $47.00 price target on shares of Apache in a research note on Monday, October 22nd. Royal Bank of Canada reiterated a “hold” rating and issued a $39.00 price objective on shares of Apache in a report on Monday, January 7th. Jefferies Financial Group dropped their price objective on Apache to $31.00 and set an “underperform” rating for the company in a report on Thursday, November 15th. Finally, Raymond James reiterated a “buy” rating and issued a $65.00 price objective on shares of Apache in a report on Thursday, November 1st. Six analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $42.35.

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About Apache

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.

Further Reading: How can you know how many shares are floating?

Institutional Ownership by Quarter for Apache (NYSE:APA)

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