Bank of New York Mellon Corp lessened its position in shares of Apache Co. (NYSE:APA) by 6.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,718,006 shares of the energy company’s stock after selling 192,461 shares during the period. Bank of New York Mellon Corp owned about 0.72% of Apache worth $71,347,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital Investment Advisory Services LLC purchased a new stake in shares of Apache during the 4th quarter worth approximately $29,000. Heritage Trust Co lifted its position in shares of Apache by 704.4% during the 4th quarter. Heritage Trust Co now owns 1,448 shares of the energy company’s stock worth $38,000 after buying an additional 1,268 shares during the last quarter. Rational Advisors LLC lifted its position in shares of Apache by 12,875.0% during the 4th quarter. Rational Advisors LLC now owns 1,557 shares of the energy company’s stock worth $41,000 after buying an additional 1,545 shares during the last quarter. Northwest Wealth Management LLC lifted its position in shares of Apache by 485.9% during the 4th quarter. Northwest Wealth Management LLC now owns 2,074 shares of the energy company’s stock worth $54,000 after buying an additional 1,720 shares during the last quarter. Finally, JNBA Financial Advisors purchased a new stake in shares of Apache during the 4th quarter worth approximately $56,000. Institutional investors own 97.80% of the company’s stock.
Several analysts have recently weighed in on the stock. Citigroup boosted their price objective on shares of Apache from $31.00 to $35.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 6th. Credit Suisse Group boosted their price objective on shares of Apache from $36.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, February 28th. ValuEngine upgraded shares of Apache from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 30th. Seaport Global Securities restated a “hold” rating on shares of Apache in a research report on Wednesday, January 30th. Finally, Morgan Stanley set a $27.00 price objective on shares of Apache and gave the stock a “sell” rating in a research report on Tuesday, January 29th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the stock. Apache presently has a consensus rating of “Hold” and a consensus price target of $42.32.
Apache (NYSE:APA) last released its quarterly earnings results on Wednesday, February 27th. The energy company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.03). The business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Apache had a net margin of 0.54% and a return on equity of 7.62%. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.33 EPS. On average, equities research analysts forecast that Apache Co. will post 0.6 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Monday, April 22nd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $1.00 dividend on an annualized basis and a yield of 2.92%. Apache’s payout ratio is currently 56.50%.
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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