CIBC Asset Management Inc decreased its holdings in shares of Apache Co. (NYSE:APA) by 21.1% in the 4th quarter, Holdings Channel reports. The firm owned 40,830 shares of the energy company’s stock after selling 10,951 shares during the period. CIBC Asset Management Inc’s holdings in Apache were worth $1,724,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the business. Everence Capital Management Inc. lifted its holdings in Apache by 53.9% during the 4th quarter. Everence Capital Management Inc. now owns 17,506 shares of the energy company’s stock valued at $739,000 after purchasing an additional 6,128 shares during the last quarter. Kovack Advisors Inc. acquired a new stake in Apache during the 4th quarter valued at $314,000. Engineers Gate Manager LP lifted its holdings in Apache by 13.6% during the 4th quarter. Engineers Gate Manager LP now owns 10,642 shares of the energy company’s stock valued at $449,000 after purchasing an additional 1,271 shares during the last quarter. Kornitzer Capital Management Inc. KS lifted its holdings in Apache by 28.7% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 672,680 shares of the energy company’s stock valued at $28,401,000 after purchasing an additional 149,955 shares during the last quarter. Finally, Wedge Capital Management L L P NC lifted its holdings in Apache by 5.9% during the 4th quarter. Wedge Capital Management L L P NC now owns 221,691 shares of the energy company’s stock valued at $9,360,000 after purchasing an additional 12,428 shares during the last quarter. 94.72% of the stock is owned by institutional investors and hedge funds.

Apache Co. (NYSE APA) opened at $37.23 on Friday. 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 Co. has a 12-month low of $35.70 and a 12-month high of $57.88.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Shareholders of record on Monday, January 22nd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend is Friday, January 19th. Apache’s payout ratio is 57.47%.

In related news, Director John E. Lowe purchased 3,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 15,000 shares of the company’s stock, valued at $600,300. The purchase 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 firm’s stock in a transaction 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 completion of the transaction, 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 currently owned by company insiders.

Several brokerages have issued reports on APA. Barclays raised their price target on Apache from $26.00 to $30.00 and gave the company an “underweight” rating in a report on Monday, November 20th. BMO Capital Markets reaffirmed a “hold” rating and set a $42.00 price target on shares of Apache in a report on Tuesday, November 7th. ValuEngine downgraded Apache from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Credit Suisse Group began coverage on Apache in a report on Monday, December 11th. They set a “neutral” rating and a $40.00 price target for the company. Finally, Jefferies Group set a $35.00 price target on Apache and gave the company a “sell” rating in a report on Wednesday, December 20th. Nine investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $45.69.

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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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