Apache Co. (APA) Position Lifted by Norinchukin Bank The
Norinchukin Bank The increased its position in Apache Co. (NYSE:APA) by 13.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,195 shares of the energy company’s stock after acquiring an additional 5,895 shares during the quarter. Norinchukin Bank The’s holdings in Apache were worth $2,345,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Zions Bancorporation bought a new position in shares of Apache during the 3rd quarter worth about $103,000. Steward Partners Investment Advisory LLC increased its holdings in shares of Apache by 575.1% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 2,221 shares of the energy company’s stock worth $104,000 after purchasing an additional 1,892 shares during the period. Field & Main Bank bought a new position in shares of Apache during the 3rd quarter worth about $120,000. Dorsey & Whitney Trust CO LLC bought a new position in shares of Apache during the 3rd quarter worth about $205,000. Finally, Wesbanco Bank Inc. bought a new position in shares of Apache during the 2nd quarter worth about $207,000. Hedge funds and other institutional investors own 96.83% of the company’s stock.
APA has been the topic of several research reports. Mizuho restated a “hold” rating and set a $47.00 price objective on shares of Apache in a report on Monday, October 22nd. Stephens set a $55.00 price objective on shares of Apache and gave the stock a “buy” rating in a report on Monday, September 24th. Stifel Nicolaus restated a “hold” rating and set a $49.00 price objective on shares of Apache in a report on Wednesday, October 24th. Morgan Stanley set a $43.00 price objective on shares of Apache and gave the stock a “sell” rating in a report on Friday, October 12th. Finally, Mitsubishi UFJ Financial Group boosted their price objective on shares of Apache to $66.00 and gave the stock an “overweight” rating in a report on Tuesday, August 7th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company. Apache presently has a consensus rating of “Hold” and a consensus price target of $47.65.
Shares of Apache stock opened at $36.53 on Tuesday. The company has a current ratio of 1.26, a quick ratio of 1.10 and a debt-to-equity ratio of 0.90. Apache Co. has a twelve month low of $33.60 and a twelve month high of $50.03. The stock has a market cap of $14.21 billion, a PE ratio of 152.21, a price-to-earnings-growth ratio of 2.66 and a beta of 1.35.
Apache (NYSE:APA) last issued its earnings results on Wednesday, October 31st. The energy company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.16. Apache had a net margin of 12.11% and a return on equity of 7.71%. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same period in the previous year, the business earned $0.04 EPS. The firm’s revenue was up 25.9% on a year-over-year basis. Research analysts forecast that Apache Co. will post 2.01 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 21st. Shareholders of record on Monday, October 22nd will be given a $0.25 dividend. The ex-dividend date is Friday, October 19th. This represents a $1.00 dividend on an annualized basis and a yield of 2.74%. Apache’s dividend payout ratio (DPR) is presently 416.67%.
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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