FTB Advisors Inc. Sells 402 Shares of Apache Corporation (APA)
FTB Advisors Inc. decreased its holdings in shares of Apache Corporation (NYSE:APA) by 7.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,097 shares of the energy company’s stock after selling 402 shares during the quarter. FTB Advisors Inc.’s holdings in Apache Corporation were worth $241,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the stock. Colonial Trust Advisors raised its stake in Apache Corporation by 0.9% during the second quarter. Colonial Trust Advisors now owns 22,605 shares of the energy company’s stock valued at $1,083,000 after purchasing an additional 202 shares in the last quarter. Janus Henderson Group PLC raised its stake in Apache Corporation by 1,390.6% during the second quarter. Janus Henderson Group PLC now owns 764,980 shares of the energy company’s stock valued at $36,666,000 after purchasing an additional 713,661 shares in the last quarter. Shelton Capital Management purchased a new stake in Apache Corporation during the second quarter valued at $1,601,000. Flinton Capital Management LLC raised its stake in Apache Corporation by 9.2% during the second quarter. Flinton Capital Management LLC now owns 15,368 shares of the energy company’s stock valued at $737,000 after purchasing an additional 1,292 shares in the last quarter. Finally, Prudential PLC raised its stake in Apache Corporation by 9.9% during the second quarter. Prudential PLC now owns 3,349,800 shares of the energy company’s stock valued at $160,556,000 after purchasing an additional 302,100 shares in the last quarter. 95.00% of the stock is currently owned by institutional investors.
In other news, Director John E. Lowe bought 2,000 shares of the company’s stock in a transaction on Thursday, August 17th. The stock was bought at an average cost of $40.32 per share, with a total value of $80,640.00. Following the transaction, the director now directly owns 12,000 shares in the company, valued at approximately $483,840. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director John E. Lowe bought 2,500 shares of the company’s stock in a transaction on Monday, August 7th. The stock was purchased at an average cost of $44.90 per share, with a total value of $112,250.00. Following the completion of the transaction, the director now owns 10,000 shares in the company, valued at $449,000. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 5,500 shares of company stock valued at $235,094. 0.48% of the stock is currently owned by corporate insiders.
Apache Corporation (NYSE:APA) traded down 1.42% on Friday, hitting $45.17. 2,548,401 shares of the stock were exchanged. The firm’s market cap is $17.21 billion. Apache Corporation has a 52-week low of $38.14 and a 52-week high of $69.00. The stock’s 50 day moving average price is $42.06 and its 200 day moving average price is $46.92.
Apache Corporation (NYSE:APA) last issued its quarterly earnings data on Thursday, August 3rd. The energy company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.22). The company had revenue of $1.38 billion during 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 firm’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.26) earnings per share. Equities research analysts forecast that Apache Corporation will post $0.03 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Monday, October 23rd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Friday, October 20th. Apache Corporation’s dividend payout ratio is currently -4,997.50%.
APA has been the topic of a number of recent research reports. Scotiabank set a $50.00 price target on shares of Apache Corporation and gave the company a “hold” rating in a research note on Thursday, August 3rd. J P Morgan Chase & Co downgraded shares of Apache Corporation from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $46.00 to $38.00 in a research note on Thursday, September 14th. Stifel Nicolaus started coverage on shares of Apache Corporation in a research note on Tuesday, July 4th. They issued a “hold” rating and a $54.00 target price on the stock. Jefferies Group LLC set a $35.00 target price on shares of Apache Corporation and gave the company a “sell” rating in a research note on Tuesday, August 29th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $64.00 target price on shares of Apache Corporation in a research note on Friday, June 16th. Nine equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $50.00.
Apache Corporation Profile
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.
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