First Trust Advisors LP Purchases 171,447 Shares of Apache Co. (APA)
First Trust Advisors LP raised its position in shares of Apache Co. (NYSE:APA) by 255.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 238,432 shares of the energy company’s stock after buying an additional 171,447 shares during the quarter. First Trust Advisors LP’s holdings in Apache were worth $10,067,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Hotchkis & Wiley Capital Management LLC raised its position in shares of Apache by 37.9% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 10,243,914 shares of the energy company’s stock worth $469,171,000 after purchasing an additional 2,816,600 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Apache in the 3rd quarter worth about $93,596,000. Hexavest Inc. purchased a new position in shares of Apache in the 4th quarter worth about $30,979,000. APG Asset Management N.V. raised its position in shares of Apache by 19.9% in the 4th quarter. APG Asset Management N.V. now owns 3,394,463 shares of the energy company’s stock worth $119,349,000 after purchasing an additional 564,551 shares during the last quarter. Finally, Bradley Foster & Sargent Inc. CT raised its position in shares of Apache by 1,199.9% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 549,915 shares of the energy company’s stock worth $23,217,000 after purchasing an additional 507,610 shares during the last quarter. 94.65% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have recently issued reports on the company. Citigroup lowered their price target on Apache from $46.00 to $40.00 and set a “neutral” rating for the company in a research report on Wednesday. Barclays lifted their price target on Apache from $26.00 to $30.00 and gave the stock an “underweight” rating in a research report on Monday, November 20th. BMO Capital Markets reaffirmed a “hold” rating and issued a $42.00 price target on shares of Apache in a research report on Tuesday, November 7th. Mitsubishi UFJ Financial Group raised Apache from a “neutral” rating to an “overweight” rating in a research report on Tuesday. Finally, ValuEngine lowered Apache from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Nine analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. Apache presently has an average rating of “Hold” and a consensus target price of $44.07.
Shares of Apache Co. (APA) opened at $34.78 on Friday. Apache Co. has a twelve month low of $33.60 and a twelve month high of $54.64. The company has a market capitalization of $13,072.22, a PE ratio of 10.20, a P/E/G ratio of 3.27 and a beta of 1.25. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.45 and a quick ratio of 1.37.
Apache (NYSE:APA) last released its quarterly earnings data on Thursday, February 22nd. The energy company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.21 by $0.12. Apache had a return on equity of 1.11% and a net margin of 20.32%. The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period last year, the company earned ($0.06) EPS. analysts predict that Apache Co. will post 1.5 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 22nd. Investors of record on Monday, April 23rd will be issued a $0.25 dividend. The ex-dividend date is Friday, April 20th. This represents a $1.00 annualized dividend and a yield of 2.88%. Apache’s payout ratio is 29.33%.
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Apache Company 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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