Candriam Luxembourg S.C.A. lifted its stake in shares of Apache Co. (NYSE:APA) by 164.9% in the 4th quarter, Holdings Channel reports. The firm owned 156,761 shares of the energy company’s stock after buying an additional 97,587 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Apache were worth $6,619,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in APA. Toronto Dominion Bank raised its stake in shares of Apache by 25.8% during the second quarter. Toronto Dominion Bank now owns 128,867 shares of the energy company’s stock worth $6,176,000 after purchasing an additional 26,409 shares during the last quarter. Gs Investments Inc. purchased a new stake in shares of Apache during the second quarter worth approximately $149,000. Griffin Asset Management Inc. purchased a new stake in shares of Apache during the second quarter worth approximately $211,000. Mutual of America Capital Management LLC raised its stake in shares of Apache by 6.5% during the third quarter. Mutual of America Capital Management LLC now owns 49,286 shares of the energy company’s stock worth $2,257,000 after purchasing an additional 3,017 shares during the last quarter. Finally, Lincoln Capital Corp raised its position in Apache by 3.4% in the third quarter. Lincoln Capital Corp now owns 48,103 shares of the energy company’s stock worth $2,203,000 after acquiring an additional 1,565 shares in the last quarter. Institutional investors and hedge funds own 94.74% of the company’s stock.

In other news, 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 $1,650,134.76. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director John E. Lowe purchased 3,000 shares of the company’s stock in a transaction dated Wednesday, December 13th. The stock was purchased at an average price of $40.02 per share, with a total value of $120,060.00. Following the transaction, the director now owns 15,000 shares of the company’s stock, valued at $600,300. The disclosure for this purchase can be found here. Company insiders own 0.48% of the company’s stock.

Several research firms have issued reports on APA. ValuEngine cut Apache from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Stifel Nicolaus set a $41.00 price objective on Apache and gave the stock a “hold” rating in a research report on Tuesday, January 30th. Morgan Stanley increased their price objective on Apache from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. Barclays reiterated a “sell” rating and issued a $32.00 price objective on shares of Apache in a research report on Sunday, December 24th. Finally, Royal Bank of Canada set a $51.00 price objective on Apache and gave the stock a “hold” rating in a research report on Wednesday, December 20th. Nine 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. Apache presently has an average rating of “Hold” and an average price target of $45.69.

Apache Co. (NYSE APA) opened at $38.20 on Thursday. Apache Co. has a 52-week low of $35.70 and a 52-week high of $56.51. The company has a current ratio of 1.53, a quick ratio of 1.37 and a debt-to-equity ratio of 0.95.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 22nd. Stockholders of record on Monday, April 23rd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date is Friday, April 20th. Apache’s dividend payout ratio is currently 57.47%.

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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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