Ladenburg Thalmann Financial Services Inc. lowered its stake in shares of Apache Co. (NYSE:APA) by 11.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 57,376 shares of the energy company’s stock after selling 7,451 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Apache were worth $2,628,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Ray Gerald L & Associates Ltd. lifted its stake in shares of Apache by 0.4% in the 2nd quarter. Ray Gerald L & Associates Ltd. now owns 12,900 shares of the energy company’s stock valued at $618,000 after purchasing an additional 50 shares during the last quarter. Dorsey & Whitney Trust CO LLC lifted its stake in shares of Apache by 1.5% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 6,024 shares of the energy company’s stock valued at $290,000 after purchasing an additional 87 shares during the last quarter. Wesbanco Bank Inc. lifted its stake in shares of Apache by 2.0% in the 2nd quarter. Wesbanco Bank Inc. now owns 5,041 shares of the energy company’s stock valued at $242,000 after purchasing an additional 100 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of Apache by 0.7% in the 2nd quarter. Nordea Investment Management AB now owns 19,802 shares of the energy company’s stock valued at $949,000 after purchasing an additional 143 shares during the last quarter. Finally, Thompson Investment Management Inc. lifted its stake in shares of Apache by 0.3% in the 2nd quarter. Thompson Investment Management Inc. now owns 64,864 shares of the energy company’s stock valued at $3,108,000 after purchasing an additional 171 shares during the last quarter. 94.69% of the stock is currently owned by institutional investors.

In related news, Director John E. Lowe purchased 3,000 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were bought at an average price of $40.02 per share, for a total transaction of $120,060.00. Following the acquisition, the director now directly owns 15,000 shares in the company, valued at $600,300. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider P Anthony Lannie sold 19,514 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $44.04, for a total value of $859,396.56. Following the sale, the insider now owns 37,469 shares in the company, valued at approximately $1,650,134.76. The disclosure for this sale can be found here. 0.48% of the stock is owned by corporate insiders.

Several equities analysts have recently commented on the company. Scotiabank reaffirmed a “hold” rating and issued a $49.00 price target on shares of Apache in a research note on Tuesday, October 10th. Zacks Investment Research lowered Apache from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Jefferies Group reaffirmed an “underperform” rating and issued a $38.00 price target on shares of Apache in a research note on Tuesday, October 10th. Stifel Nicolaus set a $42.00 price target on Apache and gave the company a “hold” rating in a research note on Thursday, October 5th. Finally, Royal Bank of Canada reissued a “hold” rating and set a $55.00 target price on shares of Apache in a research note on Tuesday, November 7th. Ten analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $47.61.

Apache Co. (APA) opened at $39.42 on Friday. Apache Co. has a 12 month low of $38.14 and a 12 month high of $67.42. 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 (NYSE:APA) last issued its quarterly earnings results on Thursday, November 2nd. The energy company reported $0.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.09. Apache had a negative return on equity of 0.70% and a net margin of 10.60%. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the business earned ($0.03) EPS. Apache’s revenue was down 3.5% on a year-over-year basis. equities analysts predict that Apache Co. will post 0.03 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 22nd. Shareholders of record on Monday, January 22nd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.54%. Apache’s dividend payout ratio (DPR) is 57.47%.

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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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