Shares of Apache Corp. (NYSE:APA) traded down 5% during trading on Monday . The stock traded as low as $49.85 and last traded at $49.86, with a volume of 1,784,228 shares changing hands. The stock had previously closed at $52.50.

Several analysts have commented on the company. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Apache Corp. in a research note on Sunday, May 8th. Vetr raised Apache Corp. from a “sell” rating to a “hold” rating and set a $52.69 price objective for the company in a research note on Monday, May 2nd. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a $53.00 price objective on shares of Apache Corp. in a research note on Monday, May 9th. Wells Fargo & Co. raised Apache Corp. from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $32.30 to $47.23 in a research note on Friday, April 8th. Finally, Howard Weil raised Apache Corp. from a “sector perform” rating to an “outperform” rating in a research note on Monday, May 16th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $54.64.

The company’s 50 day moving average price is $54.54 and its 200 day moving average price is $49.86. The company’s market cap is $19.13 billion.

The business also recently announced a quarterly dividend, which will be paid on Monday, August 22nd. Shareholders of record on Friday, July 22nd will be paid a $0.25 dividend. The ex-dividend date is Wednesday, July 20th. This represents a $1.00 dividend on an annualized basis and a yield of 2.00%.

Several large investors have added to or reduced their stakes in the stock. State of New Jersey Common Pension Fund D boosted its stake in Apache Corp. by 187.8% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 590,000 shares of the energy company’s stock worth $26,238,000 after buying an additional 385,000 shares during the period. Systematic Financial Management LP acquired a new stake in Apache Corp. during the fourth quarter worth $13,374,000. Schroder Investment Management Group boosted its stake in Apache Corp. by 56.2% in the fourth quarter. Schroder Investment Management Group now owns 163,507 shares of the energy company’s stock worth $7,271,000 after buying an additional 58,810 shares during the period. BlackRock Investment Management LLC boosted its stake in Apache Corp. by 1.2% in the fourth quarter. BlackRock Investment Management LLC now owns 2,864,765 shares of the energy company’s stock worth $127,396,000 after buying an additional 32,598 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. boosted its stake in Apache Corp. by 15.3% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 148,448 shares of the energy company’s stock worth $6,602,000 after buying an additional 19,707 shares during the period.

Apache Corporation (Apache) is an independent energy company. Both domestically and internationally, the Company explores for, develops and produces natural gas, crude oil and natural gas liquids. The Company has exploration and production interests in four countries: the United States, Canada, Egypt, and the United Kingdom (North Sea).

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