National Pension Service raised its stake in Apache Co. (NYSE:APA) by 4.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 435,116 shares of the energy company’s stock after purchasing an additional 19,514 shares during the period. National Pension Service owned 0.11% of Apache worth $14,215,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in APA. Dodge & Cox lifted its holdings in Apache by 1.1% in the third quarter. Dodge & Cox now owns 39,601,676 shares of the energy company’s stock valued at $1,887,812,000 after acquiring an additional 415,850 shares during the period. BlackRock Inc. lifted its holdings in Apache by 7.2% in the fourth quarter. BlackRock Inc. now owns 27,130,392 shares of the energy company’s stock valued at $712,173,000 after acquiring an additional 1,828,617 shares during the period. Harris Associates L P increased its position in shares of Apache by 5.8% in the fourth quarter. Harris Associates L P now owns 19,644,841 shares of the energy company’s stock valued at $515,678,000 after buying an additional 1,075,776 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Apache by 20.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,491,208 shares of the energy company’s stock valued at $144,156,000 after buying an additional 945,212 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Apache by 7.5% in the fourth quarter. Geode Capital Management LLC now owns 4,866,739 shares of the energy company’s stock valued at $127,525,000 after buying an additional 340,044 shares in the last quarter. Institutional investors own 99.82% of the company’s stock.
A number of research analysts have recently weighed in on APA shares. BMO Capital Markets raised their price target on Apache from $30.00 to $36.00 and gave the company a “market perform” rating in a research report on Friday, April 5th. Royal Bank of Canada restated a “hold” rating and issued a $39.00 price target on shares of Apache in a research report on Monday, January 7th. Seaport Global Securities restated a “hold” rating on shares of Apache in a research report on Wednesday, January 30th. Raymond James restated a “buy” rating and issued a $51.00 price target on shares of Apache in a research report on Monday, December 24th. Finally, Barclays assumed coverage on Apache in a research report on Wednesday, January 16th. They set an “underweight” rating and a $29.00 price objective for the company. Five analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $41.82.
Apache (NYSE:APA) last released its quarterly earnings data on Wednesday, February 27th. The energy company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.06. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.82 billion. Apache had a return on equity of 7.62% and a net margin of 0.54%. The company’s revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.33 EPS. Equities research analysts anticipate that Apache Co. will post 0.87 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Monday, April 22nd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.79%. The ex-dividend date of this dividend is Thursday, April 18th. Apache’s dividend payout ratio is currently 56.50%.
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 in the Permian and Midcontinent/Gulf Coast onshore regions; and offshore assets situated in the Gulf of Mexico region.
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