Apache Corporation (APA) Shares Sold by Willis Investment Counsel
Willis Investment Counsel lowered its position in shares of Apache Corporation (NYSE:APA) by 5.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 102,025 shares of the energy company’s stock after selling 5,790 shares during the quarter. Willis Investment Counsel’s holdings in Apache Corporation were worth $4,890,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of APA. UBS Asset Management Americas Inc. boosted its position in Apache Corporation by 3.8% during the first quarter. UBS Asset Management Americas Inc. now owns 1,089,569 shares of the energy company’s stock valued at $55,993,000 after acquiring an additional 39,733 shares during the last quarter. Meadow Creek Investment Management LLC boosted its position in Apache Corporation by 34.9% during the first quarter. Meadow Creek Investment Management LLC now owns 6,624 shares of the energy company’s stock valued at $340,000 after acquiring an additional 1,712 shares during the last quarter. Lee Danner & Bass Inc. boosted its position in Apache Corporation by 14.4% during the first quarter. Lee Danner & Bass Inc. now owns 82,037 shares of the energy company’s stock valued at $4,216,000 after acquiring an additional 10,330 shares during the last quarter. Karp Capital Management Corp bought a new stake in Apache Corporation during the first quarter valued at $6,529,000. Finally, Tdam USA Inc. boosted its position in Apache Corporation by 2.0% during the first quarter. Tdam USA Inc. now owns 10,371 shares of the energy company’s stock valued at $533,000 after acquiring an additional 200 shares during the last quarter. 95.00% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director John E. Lowe bought 2,000 shares of the stock in a transaction that occurred on Thursday, August 17th. The shares were acquired at an average price of $40.32 per share, with a total value of $80,640.00. Following the completion of the transaction, the director now owns 12,000 shares in the company, valued at $483,840. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director George D. Lawrence bought 900 shares of the stock in a transaction that occurred on Friday, August 11th. The stock was bought at an average cost of $42.49 per share, for a total transaction of $38,241.00. Following the transaction, the director now owns 38,445 shares of the company’s stock, valued at approximately $1,633,528.05. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 5,500 shares of company stock worth $235,094. Corporate insiders own 0.48% of the company’s stock.
Apache Corporation (APA) traded up 0.60% during mid-day trading on Friday, hitting $43.62. 470,355 shares of the stock were exchanged. The stock’s market capitalization is $16.62 billion. The company has a 50-day moving average of $41.50 and a 200-day moving average of $47.40. Apache Corporation has a 52 week low of $38.14 and a 52 week high of $69.00.
Apache Corporation (NYSE:APA) last issued its quarterly earnings results on Thursday, August 3rd. The energy company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.22). The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.41 billion. Apache Corporation had a negative net margin of 0.07% and a negative return on equity of 1.03%. The business’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter last year, the firm earned ($0.26) earnings per share. On average, equities analysts predict that Apache Corporation will post $0.03 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Monday, October 23rd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, October 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.32%. Apache Corporation’s dividend payout ratio (DPR) is -4,997.50%.
A number of research firms have recently issued reports on APA. Royal Bank Of Canada set a $55.00 price objective on shares of Apache Corporation and gave the stock a “hold” rating in a research report on Thursday, August 24th. BMO Capital Markets set a $45.00 price objective on shares of Apache Corporation and gave the stock a “hold” rating in a research report on Monday, June 26th. Scotiabank set a $50.00 price objective on shares of Apache Corporation and gave the stock a “hold” rating in a research report on Thursday, August 3rd. J P Morgan Chase & Co cut shares of Apache Corporation from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $46.00 to $38.00 in a research report on Thursday, September 14th. Finally, Zacks Investment Research cut shares of Apache Corporation from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 5th. Nine investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $53.16.
About Apache Corporation
Apache Corporation is an independent energy company. The Company explores for, develops, and produces natural gas, crude oil and natural gas liquids. The Company’s production segments include: the United States, Egypt and the United Kingdom North Sea. It also pursues exploration interests in Suriname.
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