Nationwide Fund Advisors grew its holdings in shares of Apache Co. (NYSE:APA) by 6.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 142,708 shares of the energy company’s stock after acquiring an additional 8,029 shares during the quarter. Nationwide Fund Advisors’ holdings in Apache were worth $6,536,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Hanson McClain Inc. bought a new stake in shares of Apache during the 2nd quarter valued at about $106,000. Gs Investments Inc. bought a new stake in shares of Apache during the 2nd quarter valued at about $149,000. Bronfman E.L. Rothschild L.P. boosted its position in shares of Apache by 410.5% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,635 shares of the energy company’s stock valued at $174,000 after acquiring an additional 2,923 shares during the last quarter. Dupont Capital Management Corp bought a new stake in shares of Apache during the 2nd quarter valued at about $200,000. Finally, Coastline Trust Co bought a new stake in shares of Apache during the 2nd quarter valued at about $209,000. Hedge funds and other institutional investors own 94.69% of the company’s stock.

Apache Co. (NYSE:APA) opened at $40.19 on Tuesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.37 and a current ratio of 1.53. Apache Co. has a 1-year low of $38.14 and a 1-year high of $69.00.

Apache (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 Zacks’ consensus estimate of ($0.05) by $0.09. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Apache had a negative return on equity of 0.70% and a net margin of 10.60%. Apache’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period last year, the firm posted ($0.03) EPS. equities research analysts predict that Apache Co. will post 0.02 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Monday, October 23rd were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, October 20th. This represents a $1.00 dividend on an annualized basis and a yield of 2.49%. Apache’s dividend payout ratio (DPR) is currently 57.47%.

A number of brokerages have recently issued reports on APA. Scotiabank reiterated a “hold” rating and set a $49.00 price target on shares of Apache in a research report on Tuesday, October 10th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Apache in a research report on Thursday, September 21st. Barclays lifted their price target on Apache from $26.00 to $30.00 and gave the company an “underweight” rating in a research report on Monday, November 20th. Citigroup dropped their price target on Apache from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Tuesday, August 15th. Finally, Royal Bank of Canada set a $55.00 price objective on Apache and gave the company a “hold” rating in a report on Thursday, August 24th. Ten research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $47.61.

In other Apache news, insider P Anthony Lannie sold 19,514 shares of Apache stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $44.04, for a total value of $859,396.56. Following the transaction, the insider now directly owns 37,469 shares of the company’s stock, valued at approximately $1,650,134.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.48% of the stock is owned by insiders.

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About Apache

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.

Institutional Ownership by Quarter for Apache (NYSE:APA)

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