Captrust Financial Advisors reduced its position in shares of Apache Co. (NYSE:APA) by 62.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,630 shares of the energy company’s stock after selling 6,089 shares during the quarter. Captrust Financial Advisors’ holdings in Apache were worth $170,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wells Fargo & Company MN raised its holdings in shares of Apache by 16.0% during the first quarter. Wells Fargo & Company MN now owns 1,352,714 shares of the energy company’s stock valued at $52,052,000 after acquiring an additional 186,985 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Apache by 16.1% during the first quarter. Daiwa Securities Group Inc. now owns 13,356 shares of the energy company’s stock valued at $514,000 after acquiring an additional 1,856 shares during the last quarter. Dupont Capital Management Corp raised its holdings in shares of Apache by 19.5% during the first quarter. Dupont Capital Management Corp now owns 15,479 shares of the energy company’s stock valued at $596,000 after acquiring an additional 2,531 shares during the last quarter. Mackay Shields LLC acquired a new position in shares of Apache during the first quarter valued at approximately $2,467,000. Finally, American Century Companies Inc. raised its holdings in shares of Apache by 0.9% during the first quarter. American Century Companies Inc. now owns 561,525 shares of the energy company’s stock valued at $21,607,000 after acquiring an additional 5,164 shares during the last quarter. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

APA has been the subject of a number of research analyst reports. Morgan Stanley initiated coverage on Apache in a report on Thursday, July 12th. They set an “underweight” rating and a $42.00 target price for the company. Zacks Investment Research raised Apache from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a report on Monday, June 18th. Argus raised Apache from a “hold” rating to a “buy” rating and increased their target price for the company from $46.19 to $56.00 in a report on Monday, June 11th. Mitsubishi UFJ Financial Group increased their target price on Apache to $66.00 and gave the company an “overweight” rating in a report on Tuesday, August 7th. Finally, Cowen set a $48.00 price target on Apache and gave the company a “hold” rating in a research report on Thursday, July 19th. Six analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $45.11.

In other Apache news, CEO John J. Christmann acquired 3,900 shares of the stock in a transaction that occurred on Monday, August 27th. The stock was bought at an average cost of $43.63 per share, for a total transaction of $170,157.00. Following the completion of the transaction, the chief executive officer now owns 150,696 shares of the company’s stock, valued at approximately $6,574,866.48. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Stephen J. Riney acquired 6,300 shares of the stock in a transaction that occurred on Monday, August 27th. The stock was acquired at an average price of $43.51 per share, with a total value of $274,113.00. Following the completion of the transaction, the insider now directly owns 42,184 shares of the company’s stock, valued at approximately $1,835,425.84. The disclosure for this purchase can be found here. Corporate insiders own 0.59% of the company’s stock.

APA stock opened at $42.87 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.36 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $16.32 billion, a PE ratio of 35.85, a P/E/G ratio of 3.59 and a beta of 1.19. Apache Co. has a 1 year low of $33.60 and a 1 year high of $49.59.

Apache (NYSE:APA) last posted its quarterly earnings results on Wednesday, August 1st. The energy company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.11. The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.76 billion. Apache had a return on equity of 5.21% and a net margin of 12.57%. equities research analysts predict that Apache Co. will post 1.7 EPS for the current fiscal year.

About Apache

Apache Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids (NGLs). The company has operations in onshore assets located Permian and Midcontinent/Gulf Coast onshore regions; and offshore assets situated in the Gulf of Mexico region.

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Institutional Ownership by Quarter for Apache (NYSE:APA)

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