Apache Co. (NYSE:APA) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC reduced its holdings in Apache Co. (NYSE:APA) by 22.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,699 shares of the energy company’s stock after selling 8,595 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Apache were worth $780,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Apache by 176.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,673 shares of the energy company’s stock worth $888,000 after buying an additional 11,925 shares during the period. Douglas Lane & Associates LLC boosted its holdings in shares of Apache by 101.7% during the 4th quarter. Douglas Lane & Associates LLC now owns 351,218 shares of the energy company’s stock worth $9,219,000 after buying an additional 177,102 shares during the period. CKW Financial Group boosted its holdings in shares of Apache by 25.0% during the 4th quarter. CKW Financial Group now owns 2,500 shares of the energy company’s stock worth $66,000 after buying an additional 500 shares during the period. Dodge & Cox boosted its holdings in shares of Apache by 1.1% during the 3rd quarter. Dodge & Cox now owns 39,601,676 shares of the energy company’s stock worth $1,887,812,000 after buying an additional 415,850 shares during the period. Finally, Macquarie Group Ltd. boosted its holdings in shares of Apache by 718.2% during the 3rd quarter. Macquarie Group Ltd. now owns 9,000 shares of the energy company’s stock worth $429,000 after buying an additional 7,900 shares during the period. Institutional investors and hedge funds own 99.82% of the company’s stock.

Several equities analysts recently commented on the stock. Zacks Investment Research upgraded shares of Apache from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Tuesday, April 9th. BMO Capital Markets upped their target price on shares of Apache from $30.00 to $36.00 and gave the company a “market perform” rating in a research note on Friday, April 5th. ValuEngine upgraded shares of Apache from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 30th. Credit Suisse Group upped their target price on shares of Apache from $36.00 to $37.00 and gave the company a “neutral” rating in a research note on Thursday, February 28th. Finally, Seaport Global Securities restated a “hold” rating on shares of Apache in a research note on Wednesday, January 30th. Five investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $41.82.

NYSE:APA traded down $0.72 during mid-day trading on Friday, reaching $35.87. 3,965,389 shares of the company were exchanged, compared to its average volume of 3,828,983. Apache Co. has a 12 month low of $24.56 and a 12 month high of $50.03. 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 firm has a market cap of $13.48 billion, a P/E ratio of 20.27, a P/E/G ratio of 5.90 and a beta of 1.76.

Apache (NYSE:APA) last issued its quarterly earnings data on Wednesday, February 27th. The energy company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.06. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.82 billion. Apache had a net margin of 0.54% and a return on equity of 7.62%. The company’s revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.33 EPS. As a group, equities analysts predict that Apache Co. will post 0.87 earnings per share for the current fiscal year.

The firm also recently announced 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 (DPR) is presently 56.50%.

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Apache Company Profile

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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Institutional Ownership by Quarter for Apache (NYSE:APA)

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