Apache Corporation (APA) Shares Sold by Riverhead Capital Management LLC
Riverhead Capital Management LLC decreased its stake in shares of Apache Corporation (NYSE:APA) by 47.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,000 shares of the energy company’s stock after selling 9,008 shares during the period. Riverhead Capital Management LLC’s holdings in Apache Corporation were worth $639,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in APA. Tower Research Capital LLC TRC bought a new position in shares of Apache Corporation during the second quarter valued at about $117,000. Point72 Asia Hong Kong Ltd acquired a new stake in shares of Apache Corporation during the second quarter worth $117,000. Spirit of America Management Corp NY acquired a new stake in shares of Apache Corporation during the third quarter worth $128,000. Zions Bancorporation boosted its stake in shares of Apache Corporation 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 period. Finally, PineBridge Investments L.P. boosted its stake in shares of Apache Corporation by 289.1% in the second quarter. PineBridge Investments L.P. now owns 3,163 shares of the energy company’s stock worth $176,000 after buying an additional 2,350 shares during the period. Institutional investors own 91.70% of the company’s stock.
Apache Corporation (NYSE:APA) traded down 0.38% during midday trading on Friday, hitting $62.78. 1,316,786 shares of the stock traded hands. The firm’s market cap is $23.82 billion. The stock has a 50-day moving average of $64.89 and a 200 day moving average of $59.00. Apache Corporation has a 52-week low of $32.20 and a 52-week high of $69.00.
Apache Corporation (NYSE:APA) last released its earnings results on Thursday, November 3rd. The energy company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.13. Apache Corporation had a negative return on equity of 4.70% and a negative net margin of 166.56%. The company earned $1.44 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the company earned ($0.05) earnings per share. Apache Corporation’s quarterly revenue was down 5.8% compared to the same quarter last year. Equities analysts forecast that Apache Corporation will post ($0.95) EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 22nd. Shareholders of record on Sunday, January 22nd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend is Wednesday, January 18th. Apache Corporation’s dividend payout ratio (DPR) is currently -4.42%.
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A number of equities research analysts have weighed in on APA shares. Mitsubishi UFJ Financial Group started coverage on shares of Apache Corporation in a report on Monday, September 26th. They issued a “neutral” rating and a $64.00 price objective on the stock. Morgan Stanley restated a “hold” rating and issued a $69.00 price objective on shares of Apache Corporation in a report on Monday, September 26th. Zacks Investment Research upgraded shares of Apache Corporation from a “hold” rating to a “buy” rating and set a $69.00 price objective on the stock in a report on Monday, October 17th. Jefferies Group restated a “sell” rating and issued a $48.00 price objective on shares of Apache Corporation in a report on Wednesday, October 19th. Finally, Howard Weil downgraded shares of Apache Corporation from an “outperform” rating to a “sector perform” rating and upped their target price for the stock from $70.00 to $71.00 in a research note on Thursday, December 15th. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $60.21.
In other Apache Corporation news, Director Chansoo Joung bought 15,000 shares of Apache Corporation stock in a transaction on Wednesday, November 9th. The stock was bought at an average price of $58.02 per share, with a total value of $870,300.00. Following the completion of the acquisition, the director now owns 45,285 shares in the company, valued at $2,627,435.70. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James L. House sold 8,000 shares of the firm’s stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $63.38, for a total value of $507,040.00. Following the completion of the sale, the insider now directly owns 2,057 shares of the company’s stock, valued at approximately $130,372.66. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.
Apache Corporation 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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