Susquehanna Fundamental Investments LLC Invests $5.18 Million in Apache Co. (APA)
Susquehanna Fundamental Investments LLC bought a new stake in Apache Co. (NYSE:APA) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 197,199 shares of the energy company’s stock, valued at approximately $5,176,000. Apache comprises about 0.9% of Susquehanna Fundamental Investments LLC’s holdings, making the stock its 26th biggest position. Susquehanna Fundamental Investments LLC owned 0.05% of Apache at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in APA. Capital Investment Advisory Services LLC acquired a new stake in Apache in the 4th quarter valued at approximately $29,000. Heritage Trust Co grew its holdings in Apache by 704.4% in the 4th quarter. Heritage Trust Co now owns 1,448 shares of the energy company’s stock valued at $38,000 after buying an additional 1,268 shares during the last quarter. Truehand Inc acquired a new stake in Apache in the 4th quarter valued at approximately $38,000. Oregon Public Employees Retirement Fund grew its holdings in Apache by 2,492.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,087,958 shares of the energy company’s stock valued at $41,000 after buying an additional 1,045,998 shares during the last quarter. Finally, Rational Advisors LLC grew its holdings in Apache by 12,875.0% in the 4th quarter. Rational Advisors LLC now owns 1,557 shares of the energy company’s stock valued at $41,000 after buying an additional 1,545 shares during the last quarter. 97.80% of the stock is currently owned by hedge funds and other institutional investors.
Apache stock opened at $34.76 on Monday. The company has a quick ratio of 1.04, a current ratio of 1.22 and a debt-to-equity ratio of 0.91. The company has a market cap of $12.93 billion, a P/E ratio of 19.64, a P/E/G ratio of 7.97 and a beta of 1.76. Apache Co. has a one year low of $24.56 and a one year high of $50.03.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Monday, April 22nd will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, April 18th. This represents a $1.00 annualized dividend and a dividend yield of 2.88%. Apache’s dividend payout ratio (DPR) is presently 56.50%.
A number of analysts have issued reports on the company. Citigroup raised their target price on Apache from $31.00 to $35.00 and gave the company a “neutral” rating in a report on Wednesday, March 6th. Credit Suisse Group raised their target price on Apache from $36.00 to $37.00 and gave the company a “neutral” rating in a report on Thursday, February 28th. ValuEngine raised Apache from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 30th. Seaport Global Securities reaffirmed a “hold” rating on shares of Apache in a report on Wednesday, January 30th. Finally, Morgan Stanley set a $27.00 target price on Apache and gave the company a “sell” rating in a report on Tuesday, January 29th. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company. Apache presently has an average rating of “Hold” and an average price target of $42.32.
Apache Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids (NGLs). The company has operations in onshore assets located Permian and Midcontinent/Gulf Coast onshore regions; and offshore assets situated in the Gulf of Mexico region.
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