Apache Corporation (APA) Shares Bought by D.A. Davidson & CO.
D.A. Davidson & CO. increased its stake in Apache Corporation (NYSE:APA) by 21.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,044 shares of the energy company’s stock after acquiring an additional 16,533 shares during the quarter. D.A. Davidson & CO.’s holdings in Apache Corporation were worth $4,215,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in APA. Dodge & Cox boosted its holdings in Apache Corporation by 4.0% during the 2nd quarter. Dodge & Cox now owns 29,922,731 shares of the energy company’s stock worth $1,434,196,000 after acquiring an additional 1,152,395 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Apache Corporation by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 26,448,494 shares of the energy company’s stock worth $1,267,676,000 after acquiring an additional 128,836 shares during the last quarter. State Street Corp boosted its holdings in Apache Corporation by 0.7% during the 2nd quarter. State Street Corp now owns 20,068,849 shares of the energy company’s stock worth $961,903,000 after acquiring an additional 130,520 shares during the last quarter. Harris Associates L P boosted its holdings in Apache Corporation by 14.3% during the 2nd quarter. Harris Associates L P now owns 18,741,407 shares of the energy company’s stock worth $898,275,000 after acquiring an additional 2,343,985 shares during the last quarter. Finally, FMR LLC boosted its holdings in Apache Corporation by 2.7% during the 2nd quarter. FMR LLC now owns 15,112,873 shares of the energy company’s stock worth $724,360,000 after acquiring an additional 404,098 shares during the last quarter. Institutional investors own 93.63% of the company’s stock.
Shares of Apache Corporation (NYSE APA) traded up $0.10 on Thursday, hitting $41.54. The stock had a trading volume of 2,094,100 shares, compared to its average volume of 3,632,288. Apache Corporation has a 12-month low of $38.14 and a 12-month high of $69.00. The company has a current ratio of 1.53, a quick ratio of 1.37 and a debt-to-equity ratio of 0.95.
Apache Corporation (NYSE:APA) last announced its quarterly earnings results 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. Apache Corporation had a negative return on equity of 0.70% and a net margin of 10.60%. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the prior year, the business posted ($0.03) earnings per share. The company’s revenue was down 3.5% on a year-over-year basis. sell-side analysts predict that Apache Corporation will post -0.01 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Monday, October 23rd were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.41%. The ex-dividend date was Friday, October 20th. Apache Corporation’s dividend payout ratio is presently 57.47%.
A number of equities analysts have issued reports on APA shares. Zacks Investment Research downgraded shares of Apache Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Jefferies Group LLC set a $35.00 price target on shares of Apache Corporation and gave the stock a “sell” rating in a report on Tuesday, August 29th. Morgan Stanley boosted their price target on shares of Apache Corporation from $45.00 to $46.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 18th. J P Morgan Chase & Co downgraded shares of Apache Corporation from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $46.00 to $38.00 in a report on Thursday, September 14th. Finally, Barclays PLC cut their price target on shares of Apache Corporation from $30.00 to $26.00 and set an “underweight” rating on the stock in a report on Wednesday, October 11th. Ten investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $48.06.
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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