Swiss National Bank lowered its stake in shares of Apache Corp. (NYSE:APA) by 1.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,049,032 shares of the energy company’s stock after selling 11,500 shares during the period. Swiss National Bank’s holdings in Apache Corp. were worth $67,002,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in APA. Panagora Asset Management Inc. increased its position in shares of Apache Corp. by 328.7% in the first quarter. Panagora Asset Management Inc. now owns 141,033 shares of the energy company’s stock valued at $6,884,000 after buying an additional 108,139 shares in the last quarter. Babson Capital Management LLC increased its position in shares of Apache Corp. by 218.2% in the first quarter. Babson Capital Management LLC now owns 31,647 shares of the energy company’s stock valued at $1,545,000 after buying an additional 21,700 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Apache Corp. by 26.0% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,008 shares of the energy company’s stock valued at $487,000 after buying an additional 2,066 shares in the last quarter. Cullinan Associates Inc. increased its position in shares of Apache Corp. by 1.7% in the second quarter. Cullinan Associates Inc. now owns 42,500 shares of the energy company’s stock valued at $2,366,000 after buying an additional 700 shares in the last quarter. Finally, Patten & Patten Inc. TN increased its position in shares of Apache Corp. by 3.8% in the second quarter. Patten & Patten Inc. TN now owns 6,895 shares of the energy company’s stock valued at $384,000 after buying an additional 250 shares in the last quarter. 91.83% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Apache Corp. (NYSE:APA)

Shares of Apache Corp. (NYSE:APA) opened at 60.74 on Wednesday. The firm’s 50-day moving average is $61.00 and its 200 day moving average is $56.88. The company’s market capitalization is $23.05 billion. Apache Corp. has a 52-week low of $32.20 and a 52-week high of $66.00.

Apache Corp. (NYSE:APA) last announced its quarterly earnings data on Thursday, November 3rd. The energy company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.13. The company earned $1.44 billion during the quarter, compared to the consensus estimate of $1.38 billion. Apache Corp. had a negative net margin of 166.56% and a negative return on equity of 4.70%. The company’s quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter last year, the firm posted ($0.05) EPS. On average, equities research analysts anticipate that Apache Corp. will post ($1.00) earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 22nd. Stockholders of record on Friday, October 21st were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.65%. The ex-dividend date was Wednesday, October 19th. Apache Corp.’s dividend payout ratio (DPR) is -4.42%.

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Several equities analysts recently issued reports on APA shares. Jefferies Group reissued a “sell” rating on shares of Apache Corp. in a report on Thursday, August 4th. Barclays PLC downgraded shares of Apache Corp. from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $45.00 to $49.00 in a research note on Friday, August 5th. They noted that the move was a valuation call. Citigroup Inc. downgraded shares of Apache Corp. from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $55.00 to $53.00 in a research note on Tuesday, August 9th. They noted that the move was a valuation call. Vetr raised shares of Apache Corp. from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research note on Wednesday, August 10th. Finally, Zacks Investment Research downgraded shares of Apache Corp. from a “buy” rating to a “hold” rating in a research note on Friday, August 12th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $58.83.

In other Apache Corp. news, Director John E. Lowe purchased 2,132 shares of Apache Corp. stock in a transaction that occurred on Monday, November 7th. The stock was acquired at an average price of $57.65 per share, with a total value of $122,909.80. Following the transaction, the director now owns 7,500 shares in the company, valued at approximately $432,375. 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 Apache Corp. stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $60.94, for a total transaction of $204,514.64. Following the completion of the sale, the insider now directly owns 12,755 shares of the company’s stock, valued at approximately $777,289.70. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

About Apache Corp.

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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