Harris Associates L P lifted its holdings in shares of Apache Corporation (NYSE:APA) by 14.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,741,407 shares of the energy company’s stock after buying an additional 2,343,985 shares during the period. Apache Corporation makes up 1.6% of Harris Associates L P’s portfolio, making the stock its 16th biggest position. Harris Associates L P owned about 4.92% of Apache Corporation worth $898,275,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in APA. UBS Asset Management Americas Inc. boosted its position in Apache Corporation by 3.8% in the first quarter. UBS Asset Management Americas Inc. now owns 1,089,569 shares of the energy company’s stock worth $55,993,000 after purchasing an additional 39,733 shares during the last quarter. Norinchukin Bank The boosted its position in Apache Corporation by 7.2% in the first quarter. Norinchukin Bank The now owns 24,673 shares of the energy company’s stock worth $1,268,000 after purchasing an additional 1,656 shares during the last quarter. Argent Trust Co boosted its position in Apache Corporation by 32.9% in the first quarter. Argent Trust Co now owns 5,664 shares of the energy company’s stock worth $291,000 after purchasing an additional 1,402 shares during the last quarter. White Pine Investment CO boosted its position in Apache Corporation by 1.4% in the first quarter. White Pine Investment CO now owns 58,438 shares of the energy company’s stock worth $3,003,000 after purchasing an additional 805 shares during the last quarter. Finally, Schwartz Investment Counsel Inc. boosted its position in Apache Corporation by 93.8% in the first quarter. Schwartz Investment Counsel Inc. now owns 12,400 shares of the energy company’s stock worth $637,000 after purchasing an additional 6,000 shares during the last quarter. 95.00% of the stock is currently owned by institutional investors.

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Shares of Apache Corporation (NYSE:APA) remained flat at $45.80 during mid-day trading on Friday. 2,051,421 shares of the company were exchanged. Apache Corporation has a 12-month low of $38.14 and a 12-month high of $69.00. The firm’s market capitalization is $17.45 billion. The company’s 50 day moving average is $41.50 and its 200 day moving average is $47.40.

Apache Corporation (NYSE:APA) last issued its quarterly earnings results on Thursday, August 3rd. The energy company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.22). The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Apache Corporation had a negative return on equity of 1.03% and a negative net margin of 0.07%. The business’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.26) EPS. On average, equities research analysts predict that Apache Corporation will post $0.03 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Monday, October 23rd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, October 20th. This represents a $1.00 dividend on an annualized basis and a yield of 2.18%. Apache Corporation’s dividend payout ratio is currently -4,997.50%.

In other Apache Corporation news, Director John E. Lowe purchased 2,000 shares of the stock in a transaction on Thursday, August 17th. The shares were bought at an average price of $40.32 per share, for a total transaction of $80,640.00. Following the completion of the transaction, the director now owns 12,000 shares of the company’s stock, valued at approximately $483,840. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John E. Lowe purchased 2,500 shares of the stock in a transaction on Monday, August 7th. The shares were acquired at an average price of $44.90 per share, for a total transaction of $112,250.00. Following the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $449,000. The disclosure for this purchase can be found here. Insiders have acquired 5,500 shares of company stock worth $235,094 in the last quarter. 0.48% of the stock is currently owned by company insiders.

APA has been the topic of several research reports. Royal Bank Of Canada set a $55.00 target price on Apache Corporation and gave the stock a “hold” rating in a research report on Thursday, August 24th. BMO Capital Markets set a $45.00 target price on Apache Corporation and gave the stock a “hold” rating in a research report on Monday, June 26th. Scotiabank set a $50.00 target price on Apache Corporation and gave the stock a “hold” rating in a research report on Thursday, August 3rd. J P Morgan Chase & Co cut Apache Corporation from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $46.00 to $38.00 in a research report on Thursday, September 14th. Finally, Zacks Investment Research cut Apache Corporation from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 5th. Nine research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $51.59.

About Apache Corporation

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.

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

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