Cwm LLC decreased its holdings in shares of Apache Co. (NYSE:APA) by 16.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 661,499 shares of the energy company’s stock after selling 130,465 shares during the period. Apache makes up approximately 1.2% of Cwm LLC’s investment portfolio, making the stock its 26th largest holding. Cwm LLC’s holdings in Apache were worth $27,928,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Steward Partners Investment Advisory LLC purchased a new stake in shares of Apache during the third quarter worth about $134,000. Valeo Financial Advisors LLC purchased a new stake in shares of Apache during the third quarter worth about $135,000. Gs Investments Inc. purchased a new stake in shares of Apache during the second quarter worth about $149,000. North Star Asset Management Inc. purchased a new stake in shares of Apache during the third quarter worth about $206,000. Finally, Deprince Race & Zollo Inc. purchased a new stake in shares of Apache during the third quarter worth about $206,000. Institutional investors and hedge funds own 94.57% of the company’s stock.

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

A number of equities research analysts recently commented on the company. Scotiabank reaffirmed a “hold” rating and set a $49.00 target price on shares of Apache in a report on Tuesday, October 10th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Apache in a report on Thursday, September 21st. Barclays lifted their target price on Apache from $26.00 to $30.00 and gave the stock an “underweight” rating in a report on Monday, November 20th. BMO Capital Markets reaffirmed a “hold” rating and set a $42.00 target price on shares of Apache in a report on Tuesday, November 7th. Finally, Credit Suisse Group assumed coverage on Apache in a report on Monday, December 11th. They set a “neutral” rating and a $40.00 target price for the company. Ten analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $45.94.

Shares of Apache Co. (NYSE APA) traded up $1.16 during trading hours on Tuesday, reaching $47.16. The company’s stock had a trading volume of 3,728,000 shares, compared to its average volume of 4,407,489. Apache Co. has a one year low of $38.14 and a one year high of $63.92. The firm has a market capitalization of $17,750.00, a P/E ratio of 27.26, a PEG ratio of 9.03 and a beta of 1.05. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.53 and a quick ratio of 1.37.

Apache (NYSE:APA) last announced its quarterly earnings results on Thursday, November 2nd. The energy company reported $0.04 earnings per share (EPS) for the quarter, beating the Zacks’ 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 during the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the previous year, the company posted ($0.03) earnings per share. Apache’s revenue for the quarter was down 3.5% on a year-over-year basis. equities research analysts anticipate that Apache Co. will post 0.06 EPS 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 $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend is Friday, January 19th. Apache’s payout ratio is presently 57.80%.

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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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Institutional Ownership by Quarter for Apache (NYSE:APA)

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