Apache Corp. (APA) Shares Sold by Public Employees Retirement Association of Colorado
Public Employees Retirement Association of Colorado decreased its stake in Apache Corp. (NYSE:APA) by 1.6% during the second quarter, according to its most recent filing with the SEC. The fund owned 234,595 shares of the energy company’s stock after selling 3,736 shares during the period. Public Employees Retirement Association of Colorado owned 0.06% of Apache Corp. worth $13,060,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Trillium Asset Management LLC boosted its position in shares of Apache Corp. by 3.1% in the second quarter. Trillium Asset Management LLC now owns 139,473 shares of the energy company’s stock valued at $7,764,000 after buying an additional 4,149 shares during the period. Sabal Trust CO purchased a new position in shares of Apache Corp. during the second quarter valued at about $202,000. First Midwest Bank Trust Division boosted its position in shares of Apache Corp. by 50.1% in the second quarter. First Midwest Bank Trust Division now owns 39,363 shares of the energy company’s stock valued at $2,191,000 after buying an additional 13,130 shares during the period. Candriam Luxembourg S.C.A. boosted its position in shares of Apache Corp. by 22.0% in the second quarter. Candriam Luxembourg S.C.A. now owns 35,459 shares of the energy company’s stock valued at $1,974,000 after buying an additional 6,385 shares during the period. Finally, Retirement Systems of Alabama boosted its position in shares of Apache Corp. by 40.9% in the second quarter. Retirement Systems of Alabama now owns 273,838 shares of the energy company’s stock valued at $15,245,000 after buying an additional 79,550 shares during the period. Hedge funds and other institutional investors own 91.26% of the company’s stock.
Apache Corp. (NYSE:APA) traded down 0.08% during trading on Thursday, reaching $62.66. The company’s stock had a trading volume of 3,839,966 shares. Apache Corp. has a 1-year low of $32.20 and a 1-year high of $66.00. The company’s 50 day moving average price is $58.51 and its 200-day moving average price is $54.87. The stock’s market cap is $23.77 billion.
Apache Corp. (NYSE:APA) last announced its earnings results on Thursday, August 4th. The energy company reported ($0.26) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.17) by $0.09. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.31 billion. Apache Corp. had a negative return on equity of 4.16% and a negative net margin of 261.91%. Apache Corp.’s revenue for the quarter was down 38.5% on a year-over-year basis. During the same quarter last year, the business posted $0.22 EPS. Equities analysts forecast that Apache Corp. will post ($0.71) earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 22nd. Shareholders of record on Friday, October 21st will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, October 19th. This represents a $1.00 dividend on an annualized basis and a yield of 1.59%. Apache Corp.’s dividend payout ratio (DPR) is presently -2.78%.
Several brokerages recently issued reports on APA. Morgan Stanley restated a “hold” rating and set a $69.00 price objective on shares of Apache Corp. in a research note on Monday, September 26th. Mitsubishi UFJ Financial Group assumed coverage on Apache Corp. in a research note on Monday, September 26th. They issued a “neutral” rating and a $64.00 target price on the stock. KLR Group set a $73.00 target price on Apache Corp. and gave the company a “buy” rating in a research note on Wednesday, September 14th. Barclays PLC raised their price target on Apache Corp. from $50.00 to $58.00 and gave the company an “equal weight” rating in a report on Tuesday, September 13th. Finally, Credit Suisse Group AG reissued a “hold” rating and set a $67.00 price target on shares of Apache Corp. in a report on Monday, September 12th. Three equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $57.92.
In other Apache Corp. news, insider Rebecca A. Hoyt sold 3,356 shares of the firm’s stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $60.94, for a total transaction of $204,514.64. Following the transaction, the insider now owns 12,755 shares in the company, valued at approximately $777,289.70. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.40% of the company’s stock.
Apache Corp. Company Profile
Apache Corporation (Apache) is an independent energy company. Both domestically and internationally, the Company explores for, develops and produces natural gas, crude oil and natural gas liquids. The Company has exploration and production interests in four countries: the United States, Canada, Egypt, and the United Kingdom (North Sea).
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