Investment Management of Virginia LLC raised its position in Apache Corporation (NYSE:APA) by 1.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 98,266 shares of the energy company’s stock after buying an additional 1,580 shares during the period. Apache Corporation makes up approximately 1.1% of Investment Management of Virginia LLC’s investment portfolio, making the stock its 26th largest position. Investment Management of Virginia LLC’s holdings in Apache Corporation were worth $4,710,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of APA. Sigma Planning Corp increased its position in Apache Corporation by 11.5% in the first quarter. Sigma Planning Corp now owns 6,337 shares of the energy company’s stock worth $326,000 after buying an additional 654 shares in the last quarter. First Manhattan Co. increased its position in Apache Corporation by 0.5% in the first quarter. First Manhattan Co. now owns 11,848 shares of the energy company’s stock worth $756,000 after buying an additional 55 shares in the last quarter. BTIM Corp. increased its position in Apache Corporation by 5.9% in the first quarter. BTIM Corp. now owns 242,385 shares of the energy company’s stock worth $12,456,000 after buying an additional 13,441 shares in the last quarter. Guinness Asset Management Ltd increased its position in Apache Corporation by 30.5% in the first quarter. Guinness Asset Management Ltd now owns 226,507 shares of the energy company’s stock worth $11,640,000 after buying an additional 53,000 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its position in Apache Corporation by 3.9% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 10,119 shares of the energy company’s stock worth $486,000 after buying an additional 377 shares in the last quarter. Institutional investors own 93.72% of the company’s stock.

Shares of Apache Corporation (APA) opened at 40.31 on Friday. Apache Corporation has a 12 month low of $39.78 and a 12 month high of $69.00. The firm’s 50-day moving average is $46.31 and its 200 day moving average is $49.83. The firm’s market capitalization is $15.36 billion.

Apache Corporation (NYSE:APA) last announced its quarterly earnings results on Thursday, August 3rd. The energy company reported ($0.21) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $0.22. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Apache Corporation had a negative net margin of 0.07% and a negative return on equity of 1.03%. The company’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the previous year, the company earned ($0.26) EPS. On average, equities research analysts anticipate that Apache Corporation will post $0.09 EPS for the current year.

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A number of research firms have recently commented on APA. Scotiabank restated a “hold” rating and set a $58.00 price objective on shares of Apache Corporation in a research note on Monday, May 15th. BMO Capital Markets restated a “hold” rating and set a $53.00 price objective on shares of Apache Corporation in a research note on Monday, May 15th. Bank of America Corporation restated a “buy” rating and set a $57.00 price objective (down from $60.00) on shares of Apache Corporation in a research note on Thursday, May 11th. Jefferies Group LLC restated a “sell” rating and set a $40.00 price objective on shares of Apache Corporation in a research note on Wednesday, May 17th. Finally, Zacks Investment Research upgraded shares of Apache Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, May 10th. Eight research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have assigned a buy rating to the company’s stock. Apache Corporation currently has an average rating of “Hold” and a consensus target price of $56.26.

In related news, Director John E. Lowe bought 2,000 shares of the company’s stock in a transaction dated Thursday, August 17th. The stock was purchased at an average cost of $40.32 per share, with a total value of $80,640.00. Following the transaction, the director now owns 12,000 shares in the company, valued at approximately $483,840. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director George D. Lawrence bought 900 shares of the company’s stock in a transaction dated Friday, August 11th. The stock was bought at an average cost of $42.49 per share, with a total value of $38,241.00. Following the completion of the transaction, the director now owns 38,445 shares in the company, valued at approximately $1,633,528.05. The disclosure for this purchase can be found here. Insiders have acquired a total of 5,400 shares of company stock valued at $231,131 in the last three months. 0.48% of the stock is currently owned by corporate insiders.

Apache Corporation Company Profile

Apache Corporation is an independent energy company. The Company explores for, develops, and produces natural gas, crude oil and natural gas liquids. It has production in four segments: the United States, Canada, Egypt and the United Kingdom North Sea. It also pursues exploration interests in Suriname.

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Institutional Ownership by Quarter for Apache Corporation (NYSE:APA)

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