Apache Co. (APA) Holdings Lowered by QV Investors Inc.
QV Investors Inc. trimmed its stake in shares of Apache Co. (NYSE:APA) by 1.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 312,944 shares of the energy company’s stock after selling 4,550 shares during the quarter. Apache comprises 1.0% of QV Investors Inc.’s holdings, making the stock its 25th biggest position. QV Investors Inc.’s holdings in Apache were worth $13,212,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC bought a new stake in shares of Apache during the 3rd quarter worth about $135,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Apache during the 3rd quarter worth about $134,000. Gs Investments Inc. bought a new stake in shares of Apache during the 2nd quarter worth about $149,000. North Star Asset Management Inc. bought a new stake in shares of Apache during the 3rd quarter worth about $206,000. Finally, Griffin Asset Management Inc. bought a new stake in shares of Apache during the 2nd quarter worth about $211,000. Institutional investors own 94.70% of the company’s stock.
In other news, Director John E. Lowe bought 3,000 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were acquired at an average cost of $40.02 per share, with a total value of $120,060.00. Following the completion of the transaction, the director now directly owns 15,000 shares in the company, valued at approximately $600,300. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider P Anthony Lannie sold 19,514 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $44.04, for a total transaction of $859,396.56. Following the transaction, the insider now directly owns 37,469 shares in the company, valued at $1,650,134.76. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.
Apache Co. (NYSE:APA) traded up $0.04 during trading on Tuesday, hitting $47.70. 2,690,000 shares of the stock traded hands, compared to its average volume of 3,650,000. The stock has a market capitalization of $18,170.00, a P/E ratio of 27.57, a P/E/G ratio of 8.54 and a beta of 1.05. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.37 and a current ratio of 1.53. Apache Co. has a 1-year low of $38.14 and a 1-year high of $62.75.
Apache (NYSE:APA) last released its earnings results on Thursday, November 2nd. The energy company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.09. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.39 billion. Apache had a net margin of 10.60% and a negative return on equity of 0.70%. The firm’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period last year, the firm posted ($0.03) earnings per share. research analysts predict that Apache Co. will post 0.06 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Monday, January 22nd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend is Friday, January 19th. Apache’s dividend payout ratio (DPR) is currently 57.80%.
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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