Apache Co. (NYSE:APA) Director John E. Lowe acquired 3,000 shares of the stock in a transaction dated Wednesday, December 13th. The stock was acquired at an average cost of $40.02 per share, with a total value of $120,060.00. Following the completion of the transaction, the director now owns 15,000 shares in the company, valued at approximately $600,300. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

Apache Co. (NYSE:APA) traded up $0.05 during trading hours on Friday, hitting $39.47. 4,646,372 shares of the company were exchanged, compared to its average volume of 2,769,609. 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 52 week low of $38.14 and a 52 week high of $67.42.

Apache (NYSE:APA) last posted its quarterly earnings results on Thursday, November 2nd. The energy company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.09. Apache had a net margin of 10.60% and a negative return on equity of 0.70%. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the previous year, the firm posted ($0.03) EPS. Apache’s revenue was down 3.5% on a year-over-year basis. sell-side analysts expect that Apache Co. will post 0.03 EPS for the current year.

The firm also recently announced 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. The ex-dividend date is Friday, January 19th. This represents a $1.00 dividend on an annualized basis and a yield of 2.53%. Apache’s payout ratio is 57.47%.

Hedge funds have recently modified their holdings of the business. Hotchkis & Wiley Capital Management LLC grew its position in shares of Apache by 658.0% during the 2nd 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 in the last quarter. Baillie Gifford & Co. grew its position in shares of Apache by 58.0% during the 2nd 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 in the last quarter. Harris Associates L P grew its position in shares of Apache by 14.3% during the 2nd 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 in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Apache during the 3rd quarter valued at $93,596,000. Finally, Orbis Allan Gray Ltd grew 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 worth $641,384,000 after acquiring an additional 1,381,096 shares in the last quarter. 94.69% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have recently commented on APA shares. Morgan Stanley raised their target price on Apache from $45.00 to $46.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 18th. Royal Bank of Canada set a $55.00 target price on Apache and gave the company a “hold” rating in a research note on Thursday, August 24th. Bank of America raised their target price on Apache from $41.00 to $42.00 and gave the company an “underperform” rating in a research note on Monday, November 6th. BMO Capital Markets restated a “hold” rating and issued a $42.00 target price on shares of Apache in a research note on Tuesday, November 7th. Finally, Jefferies Group restated an “underperform” rating and issued a $38.00 target price on shares of Apache in a research note on Tuesday, October 10th. Ten equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $46.24.

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Apache 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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