Envestnet Asset Management Inc. increased its position in Apache Co. (NYSE:APA) by 7.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,558 shares of the energy company’s stock after buying an additional 4,784 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Apache were worth $3,321,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the stock. Hotchkis & Wiley Capital Management LLC lifted its position in Apache by 658.0% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 7,427,314 shares of the energy company’s stock valued at $355,991,000 after purchasing an additional 6,447,400 shares during the last quarter. Baillie Gifford & Co. lifted its position in Apache by 58.0% in the second quarter. Baillie Gifford & Co. now owns 12,429,930 shares of the energy company’s stock valued at $595,767,000 after purchasing an additional 4,561,430 shares during the last quarter. Harris Associates L P lifted its position in Apache by 14.3% in the second quarter. Harris Associates L P now owns 18,741,407 shares of the energy company’s stock valued at $898,275,000 after purchasing an additional 2,343,985 shares during the last quarter. Orbis Allan Gray Ltd lifted its position in Apache by 11.5% in the second quarter. Orbis Allan Gray Ltd now owns 13,381,672 shares of the energy company’s stock valued at $641,384,000 after purchasing an additional 1,381,096 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in Apache by 11.2% in the second quarter. Franklin Resources Inc. now owns 13,215,507 shares of the energy company’s stock valued at $633,381,000 after purchasing an additional 1,335,127 shares during the last quarter. Institutional investors own 94.69% of the company’s stock.

Several brokerages have weighed in on APA. Scotiabank reiterated a “hold” rating and issued a $49.00 price objective 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 boosted their price objective on Apache from $26.00 to $30.00 and gave the company an “underweight” rating in a research report on Monday, November 20th. Citigroup lowered their price objective 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 research report on Thursday, August 24th. Ten investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $47.61.

In related news, insider P Anthony Lannie sold 19,514 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $44.04, for a total transaction of $859,396.56. Following the completion of the transaction, the insider now owns 37,469 shares in the company, valued at $1,650,134.76. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.48% of the stock is owned by corporate insiders.

Apache Co. (NYSE APA) opened at $39.72 on Wednesday. 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 Co. has a twelve month low of $38.14 and a twelve month high of $67.76.

Apache (NYSE:APA) last announced its earnings results on Thursday, November 2nd. The energy company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.09. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.39 billion. Apache had a negative return on equity of 0.70% and a net margin of 10.60%. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.03) earnings per share. equities analysts anticipate that Apache Co. will post 0.02 earnings per share for the current fiscal year.

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Apache 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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Institutional Ownership by Quarter for Apache (NYSE:APA)

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