Employees Retirement System of Texas Sells 1,000 Shares of Apache Corporation (APA)
Employees Retirement System of Texas lowered its stake in shares of Apache Corporation (NYSE:APA) by 2.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,000 shares of the energy company’s stock after selling 1,000 shares during the quarter. Employees Retirement System of Texas’ holdings in Apache Corporation were worth $1,678,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the stock. Dodge & Cox grew its holdings in Apache Corporation by 4.0% during the second quarter. Dodge & Cox now owns 29,922,731 shares of the energy company’s stock worth $1,434,196,000 after buying an additional 1,152,395 shares in the last quarter. BlackRock Inc. grew its holdings in Apache Corporation by 3,551.6% during the first quarter. BlackRock Inc. now owns 29,003,850 shares of the energy company’s stock worth $1,490,509,000 after buying an additional 28,209,565 shares in the last quarter. Vanguard Group Inc. grew its holdings in Apache Corporation by 0.5% during the second quarter. Vanguard Group Inc. now owns 26,448,494 shares of the energy company’s stock worth $1,267,676,000 after buying an additional 128,836 shares in the last quarter. State Street Corp grew its holdings in Apache Corporation by 0.7% during the first quarter. State Street Corp now owns 19,938,329 shares of the energy company’s stock worth $1,024,633,000 after buying an additional 146,990 shares in the last quarter. Finally, FMR LLC grew its holdings in Apache Corporation by 2.7% during the second quarter. FMR LLC now owns 15,112,873 shares of the energy company’s stock worth $724,360,000 after buying an additional 404,098 shares in the last quarter. Institutional investors and hedge funds own 95.00% of the company’s stock.
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Apache Corporation (NYSE APA) opened at 41.41 on Friday. Apache Corporation has a 52-week low of $38.14 and a 52-week high of $69.00. The firm has a 50-day moving average price of $42.39 and a 200 day moving average price of $46.71. The stock’s market cap is $15.77 billion.
Apache Corporation (NYSE:APA) last posted its earnings results on Thursday, August 3rd. The energy company reported ($0.21) EPS 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 return on equity of 1.03% and a negative net margin of 0.07%. The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the previous year, the business posted ($0.26) EPS. On average, analysts forecast that Apache Corporation will post $0.03 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Monday, October 23rd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date is Friday, October 20th. Apache Corporation’s payout ratio is -4,997.50%.
Several equities research analysts recently issued reports on APA shares. Royal Bank Of Canada reiterated a “hold” rating and set a $64.00 price target on shares of Apache Corporation in a report on Friday, June 16th. BidaskClub upgraded Apache Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. Seaport Global Securities downgraded Apache Corporation from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $52.00 to $36.00 in a report on Wednesday, June 21st. BMO Capital Markets set a $45.00 price target on Apache Corporation and gave the stock a “hold” rating in a report on Monday, June 26th. Finally, Scotiabank set a $50.00 price target on Apache Corporation and gave the stock a “hold” rating in a report on Saturday, July 1st. Nine investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $49.06.
In other Apache Corporation news, Director John E. Lowe bought 2,000 shares of Apache Corporation stock in a transaction on Thursday, August 17th. The stock was acquired at an average price of $40.32 per share, with a total value of $80,640.00. Following the acquisition, the director now owns 12,000 shares in the company, valued at $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 Apache Corporation stock in a transaction on Friday, August 11th. The stock was acquired at an average cost of $42.49 per share, with a total value of $38,241.00. Following the acquisition, 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. In the last three months, insiders acquired 5,500 shares of company stock valued at $235,094. Corporate insiders own 0.48% of the company’s stock.
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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