Robeco Institutional Asset Management B.V. lowered its stake in shares of Apache Co. (NYSE:APA) by 13.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,809 shares of the energy company’s stock after selling 2,139 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Apache were worth $583,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in APA. Steward Partners Investment Advisory LLC bought a new position in Apache during the third quarter worth $134,000. Valeo Financial Advisors LLC bought a new position in Apache during the third quarter worth $135,000. Gs Investments Inc. bought a new position in Apache during the second quarter worth $149,000. North Star Asset Management Inc. bought a new position in Apache during the third quarter worth $206,000. Finally, Deprince Race & Zollo Inc. bought a new position in Apache during the third quarter worth $206,000. 94.72% of the stock is currently owned by institutional investors and hedge funds.

Shares of Apache Co. (APA) opened at $39.55 on Thursday. The company has a quick ratio of 1.37, a current ratio of 1.53 and a debt-to-equity ratio of 0.95. Apache Co. has a fifty-two week low of $38.14 and a fifty-two week high of $57.90. The firm has a market cap of $15,664.36, a PE ratio of 22.73, a PEG ratio of 4.96 and a beta of 1.05.

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 issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Friday, January 19th. Apache’s payout ratio is 57.47%.

In other news, Director John E. Lowe bought 3,000 shares of the stock in a transaction dated Wednesday, December 13th. The shares were acquired at an average price of $40.02 per share, with a total value of $120,060.00. Following the acquisition, the director now owns 15,000 shares in the company, valued at $600,300. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider P Anthony Lannie sold 19,514 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $44.04, for a total transaction of $859,396.56. Following the completion of the sale, the insider now directly owns 37,469 shares in the company, valued at approximately $1,650,134.76. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by corporate insiders.

A number of equities analysts recently issued reports on APA shares. Morgan Stanley boosted their target price on shares of Apache from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 18th. Stifel Nicolaus set a $41.00 price target on shares of Apache and gave the company a “hold” rating in a report on Tuesday, January 30th. Royal Bank of Canada set a $51.00 price target on shares of Apache and gave the company a “hold” rating in a report on Wednesday, December 20th. Scotiabank set a $49.00 price target on shares of Apache and gave the company a “hold” rating in a report on Monday, November 13th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $42.00 price target on shares of Apache in a report on Tuesday, November 7th. Nine analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company’s stock. Apache has an average rating of “Hold” and a consensus target price of $45.69.

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Apache Profile

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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Institutional Ownership by Quarter for Apache (NYSE:APA)

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