Apache Corporation (APA) Shares Sold by Parkside Investments LLC
Parkside Investments LLC trimmed its position in Apache Corporation (NYSE:APA) by 31.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,150 shares of the energy company’s stock after selling 13,200 shares during the quarter. Parkside Investments LLC’s holdings in Apache Corporation were worth $1,335,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Toronto Dominion Bank increased its holdings in shares of Apache Corporation by 12.1% in the 3rd quarter. Toronto Dominion Bank now owns 144,476 shares of the energy company’s stock valued at $6,617,000 after acquiring an additional 15,609 shares during the last quarter. New York State Common Retirement Fund increased its holdings in shares of Apache Corporation by 9.9% in the 3rd quarter. New York State Common Retirement Fund now owns 1,392,662 shares of the energy company’s stock valued at $63,784,000 after acquiring an additional 125,819 shares during the last quarter. Retirement Systems of Alabama increased its holdings in shares of Apache Corporation by 15.9% in the 3rd quarter. Retirement Systems of Alabama now owns 307,414 shares of the energy company’s stock valued at $14,080,000 after acquiring an additional 42,132 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its holdings in shares of Apache Corporation by 100.0% in the 3rd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 6,000 shares of the energy company’s stock valued at $276,000 after acquiring an additional 3,000 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of Apache Corporation by 30.6% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 216,040 shares of the energy company’s stock valued at $9,895,000 after acquiring an additional 50,565 shares during the last quarter. Institutional investors and hedge funds own 94.98% of the company’s stock.
A number of brokerages recently commented on APA. Royal Bank Of Canada restated a “hold” rating and set a $55.00 price objective on shares of Apache Corporation in a research note on Thursday, July 20th. Cowen and Company set a $50.00 price objective on Apache Corporation and gave the stock a “hold” rating in a research note on Tuesday, July 18th. Wolfe Research downgraded Apache Corporation from a “market perform” rating to an “underperform” rating in a research note on Monday, July 17th. Wells Fargo & Company restated a “market perform” rating and set a $48.00 price objective (down from $55.00) on shares of Apache Corporation in a research note on Saturday, July 22nd. Finally, Citigroup Inc. lowered their price objective on Apache Corporation from $58.00 to $50.00 and set a “neutral” rating for the company in a research note on Friday, July 21st. Ten research analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $47.82.
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In related news, Director John E. Lowe bought 2,000 shares of Apache Corporation stock in a transaction dated Thursday, August 17th. The stock was acquired at an average cost of $40.32 per share, with a total value of $80,640.00. Following the completion of the acquisition, the director now directly owns 12,000 shares in the company, valued at approximately $483,840. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.48% of the company’s stock.
Shares of Apache Corporation (APA) traded down $1.11 during trading on Monday, hitting $44.13. The stock had a trading volume of 2,237,600 shares, compared to its average volume of 3,679,983. The company has a quick ratio of 1.37, a current ratio of 1.53 and a debt-to-equity ratio of 0.95. Apache Corporation has a twelve month low of $38.14 and a twelve month high of $69.00.
Apache Corporation (NYSE:APA) last announced its quarterly earnings data on Thursday, November 2nd. The energy company reported $0.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.09. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.39 billion. Apache Corporation had a negative return on equity of 0.70% and a net margin of 10.60%. The company’s revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.03) earnings per share. equities analysts anticipate that Apache Corporation will post -0.01 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Monday, October 23rd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, October 20th. This represents a $1.00 annualized dividend and a dividend yield of 2.27%. Apache Corporation’s dividend payout ratio (DPR) is 57.47%.
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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