Apache Corporation (APA) Stake Increased by Flinton Capital Management LLC
Flinton Capital Management LLC grew its holdings in shares of Apache Corporation (NYSE:APA) by 9.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,368 shares of the energy company’s stock after acquiring an additional 1,292 shares during the period. Flinton Capital Management LLC’s holdings in Apache Corporation were worth $737,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. Beese Fulmer Investment Management Inc. grew its stake in shares of Apache Corporation by 0.4% during the second quarter. Beese Fulmer Investment Management Inc. now owns 6,016 shares of the energy company’s stock valued at $288,000 after acquiring an additional 23 shares in the last quarter. Ray Gerald L & Associates Ltd. grew its stake in shares of Apache Corporation by 0.4% during the second quarter. Ray Gerald L & Associates Ltd. now owns 12,900 shares of the energy company’s stock valued at $618,000 after acquiring an additional 50 shares in the last quarter. Tdam USA Inc. grew its stake in shares of Apache Corporation by 0.5% during the second quarter. Tdam USA Inc. now owns 10,426 shares of the energy company’s stock valued at $495,000 after acquiring an additional 55 shares in the last quarter. Huntington National Bank grew its stake in shares of Apache Corporation by 1.1% during the second quarter. Huntington National Bank now owns 5,449 shares of the energy company’s stock valued at $261,000 after acquiring an additional 58 shares in the last quarter. Finally, Fulton Bank N.A. grew its stake in shares of Apache Corporation by 0.6% during the second quarter. Fulton Bank N.A. now owns 10,316 shares of the energy company’s stock valued at $494,000 after acquiring an additional 59 shares in the last quarter. Institutional investors own 95.00% of the company’s stock.
In other news, Director John E. Lowe acquired 2,000 shares of the firm’s stock in a transaction on Thursday, August 17th. The shares were purchased at an average cost of $40.32 per share, with a total value of $80,640.00. Following the completion of the purchase, the director now owns 12,000 shares of the company’s stock, valued at $483,840. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director George D. Lawrence acquired 900 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were purchased at an average cost of $42.49 per share, for a total transaction of $38,241.00. Following the completion of the purchase, the director now directly owns 38,445 shares of the company’s stock, valued at approximately $1,633,528.05. The disclosure for this purchase can be found here. In the last three months, insiders purchased 5,500 shares of company stock worth $235,094. 0.48% of the stock is currently owned by insiders.
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Several analysts have recently weighed in on the company. Scotiabank set a $50.00 target price on Apache Corporation and gave the company a “hold” rating in a research note on Saturday, July 1st. Stifel Nicolaus set a $42.00 target price on Apache Corporation and gave the company a “hold” rating in a research note on Thursday. BidaskClub downgraded Apache Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Citigroup Inc. lowered their target price on Apache Corporation from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Tuesday, August 15th. Finally, BMO Capital Markets set a $45.00 target price on Apache Corporation and gave the company a “hold” rating in a research note on Thursday, August 3rd. Nine research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. Apache Corporation presently has a consensus rating of “Hold” and a consensus price target of $50.00.
Apache Corporation (NYSE APA) opened at 45.37 on Monday. The firm has a 50-day moving average price of $42.06 and a 200-day moving average price of $46.92. Apache Corporation has a 52 week low of $38.14 and a 52 week high of $69.00. The firm’s market capitalization is $17.28 billion. Apache Corporation also was the target of some unusual options trading activity on Friday. Traders acquired 1,516 call options on the company. This is an increase of approximately 470% compared to the average volume of 266 call options.
Apache Corporation (NYSE:APA) last posted its earnings results on Thursday, August 3rd. The energy company reported ($0.21) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.22). The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.41 billion. Apache Corporation had a negative net margin of 0.07% and a negative return on equity of 1.03%. The business’s revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.26) EPS. Equities analysts forecast that Apache Corporation will post $0.03 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Monday, October 23rd will be paid a $0.25 dividend. The ex-dividend date is Friday, October 20th. This represents a $1.00 dividend on an annualized basis and a yield of 2.21%. Apache Corporation’s payout ratio is currently -4,997.50%.
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. 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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