LaFleur & Godfrey LLC increased its stake in Apache Corporation (NYSE:APA) by 10.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 165,232 shares of the energy company’s stock after buying an additional 14,990 shares during the period. Apache Corporation accounts for approximately 2.1% of LaFleur & Godfrey LLC’s holdings, making the stock its 17th largest position. LaFleur & Godfrey LLC’s holdings in Apache Corporation were worth $7,920,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Fulton Bank N.A. boosted its stake in Apache Corporation by 0.6% in the second quarter. Fulton Bank N.A. now owns 10,316 shares of the energy company’s stock valued at $494,000 after buying an additional 59 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in Apache Corporation during the first quarter valued at approximately $48,518,000. Toronto Dominion Bank boosted its stake in Apache Corporation by 56.6% in the first quarter. Toronto Dominion Bank now owns 102,458 shares of the energy company’s stock valued at $5,265,000 after buying an additional 37,028 shares in the last quarter. Brandes Investment Partners LP boosted its stake in Apache Corporation by 1.4% in the first quarter. Brandes Investment Partners LP now owns 1,169,745 shares of the energy company’s stock valued at $60,113,000 after buying an additional 15,617 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in Apache Corporation by 509.1% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 61,634 shares of the energy company’s stock valued at $2,954,000 after buying an additional 51,515 shares in the last quarter. Institutional investors and hedge funds own 94.04% of the company’s stock.

Apache Corporation (NYSE:APA) opened at 42.39 on Friday. The company’s 50-day moving average is $47.14 and its 200-day moving average is $50.57. The company’s market cap is $16.15 billion. Apache Corporation has a 12 month low of $42.17 and a 12 month high of $69.00.

Apache Corporation (NYSE:APA) last posted its quarterly earnings data on Thursday, August 3rd. The energy company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $0.01 by $0.22. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.41 billion. Apache Corporation had a negative return on equity of 1.03% and a negative net margin of 0.07%. The firm’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.26) EPS. On average, equities research analysts anticipate that Apache Corporation will post $0.13 earnings per share for the current year.

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A number of analysts have issued reports on the stock. Barclays PLC reiterated a “sell” rating and issued a $41.00 target price (down from $50.00) on shares of Apache Corporation in a research note on Thursday, April 20th. BMO Capital Markets set a $45.00 target price on shares of Apache Corporation and gave the company a “hold” rating in a research note on Monday, June 26th. Scotiabank set a $50.00 target price on shares of Apache Corporation and gave the company a “hold” rating in a research note on Thursday, August 3rd. Royal Bank Of Canada reiterated a “hold” rating and issued a $64.00 target price on shares of Apache Corporation in a research note on Friday, June 16th. Finally, Zacks Investment Research cut shares of Apache Corporation from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 5th. Eight research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have assigned a buy rating to the stock. Apache Corporation has a consensus rating of “Hold” and a consensus price target of $56.39.

In other news, Director Rene R. Joyce acquired 10,000 shares of the stock in a transaction on Monday, May 15th. The shares were purchased at an average price of $51.38 per share, for a total transaction of $513,800.00. Following the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at $513,800. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John E. Lowe acquired 2,500 shares of the stock in a transaction on Monday, August 7th. The shares were purchased at an average price of $44.90 per share, for a total transaction of $112,250.00. Following the transaction, the director now directly owns 10,000 shares in the company, valued at $449,000. The disclosure for this purchase can be found here. 0.48% of the stock is owned by company insiders.

Apache Corporation Company Profile

Apache Corporation is an independent energy company. The Company explores for, develops, and produces natural gas, crude oil and natural gas liquids. It has production in four segments: the United States, Canada, Egypt and the United Kingdom North Sea. It also pursues exploration interests in Suriname.

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Institutional Ownership by Quarter for Apache Corporation (NYSE:APA)

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