Apache Corp. (APA) Position Raised by Gulf International Bank UK Ltd
Gulf International Bank UK Ltd boosted its position in Apache Corp. (NYSE:APA) by 0.3% during the third quarter, Holdings Channel reports. The fund owned 113,411 shares of the energy company’s stock after buying an additional 300 shares during the period. Gulf International Bank UK Ltd’s holdings in Apache Corp. were worth $7,243,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of APA. Tower Research Capital LLC TRC purchased a new position in shares of Apache Corp. during the second quarter worth approximately $117,000. Point72 Asia Hong Kong Ltd purchased a new position in shares of Apache Corp. during the second quarter worth approximately $117,000. Feltz Wealth PLAN Inc. purchased a new position in shares of Apache Corp. during the second quarter worth approximately $122,000. Zions Bancorporation increased its position in shares of Apache Corp. by 2.1% in the second quarter. Zions Bancorporation now owns 2,382 shares of the energy company’s stock worth $132,000 after buying an additional 50 shares during the last quarter. Finally, JNBA Financial Advisors increased its position in shares of Apache Corp. by 99.1% in the second quarter. JNBA Financial Advisors now owns 2,578 shares of the energy company’s stock worth $144,000 after buying an additional 1,283 shares during the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.
Shares of Apache Corp. (NYSE:APA) traded up 8.31% during trading on Wednesday, hitting $65.79. 4,921,481 shares of the company traded hands. The stock’s market cap is $24.96 billion. The firm has a 50 day moving average price of $61.00 and a 200-day moving average price of $56.88. Apache Corp. has a one year low of $32.20 and a one year high of $66.83.
Apache Corp. (NYSE:APA) last released its quarterly earnings results on Thursday, November 3rd. The energy company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.13. Apache Corp. had a negative net margin of 166.56% and a negative return on equity of 4.70%. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the firm earned ($0.05) EPS. Apache Corp.’s revenue was down 5.8% on a year-over-year basis. Analysts predict that Apache Corp. will post ($1.00) EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, November 22nd. Shareholders of record on Friday, October 21st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, October 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.65%. Apache Corp.’s dividend payout ratio (DPR) is -4.42%.
A number of equities research analysts recently weighed in on the stock. Jefferies Group boosted their price target on shares of Apache Corp. from $42.00 to $47.00 and gave the company an “underperform” rating in a research report on Monday, September 12th. Vetr cut shares of Apache Corp. from a “hold” rating to a “sell” rating and set a $51.00 price target for the company. in a research report on Monday, August 22nd. Zacks Investment Research cut shares of Apache Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday. Morgan Stanley reissued a “hold” rating and issued a $69.00 price target on shares of Apache Corp. in a research report on Monday, September 26th. Finally, Atlantic Securities raised shares of Apache Corp. from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $41.00 to $70.00 in a research report on Monday, September 12th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $58.83.
In other Apache Corp. news, insider James L. House sold 8,000 shares of the business’s stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $63.38, for a total transaction of $507,040.00. Following the sale, the insider now directly owns 2,057 shares in the company, valued at approximately $130,372.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Rebecca A. Hoyt sold 3,356 shares of the business’s stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $60.94, for a total transaction of $204,514.64. Following the sale, the insider now owns 12,755 shares in the company, valued at $777,289.70. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.
Apache Corp. Company Profile
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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