Texas Permanent School Fund Has $2.53 Million Holdings in Apache Co. (APA)

Texas Permanent School Fund lowered its stake in shares of Apache Co. (NYSE:APA) by 4.3% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 73,033 shares of the energy company’s stock after selling 3,307 shares during the period. Texas Permanent School Fund’s holdings in Apache were worth $2,531,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Capital Investment Advisory Services LLC purchased a new stake in shares of Apache during the 4th quarter valued at $29,000. Heritage Trust Co lifted its holdings in shares of Apache by 704.4% during the 4th quarter. Heritage Trust Co now owns 1,448 shares of the energy company’s stock valued at $38,000 after purchasing an additional 1,268 shares during the last quarter. Truehand Inc purchased a new stake in shares of Apache during the 4th quarter valued at $38,000. Oregon Public Employees Retirement Fund lifted its holdings in shares of Apache by 2,492.8% during 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 purchasing an additional 1,045,998 shares during the last quarter. Finally, Rational Advisors LLC lifted its holdings in shares of Apache by 12,875.0% during the 4th quarter. Rational Advisors LLC now owns 1,557 shares of the energy company’s stock valued at $41,000 after purchasing an additional 1,545 shares during the last quarter. Institutional investors own 99.29% of the company’s stock.

Several brokerages have recently commented on APA. Zacks Investment Research upgraded Apache from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Tuesday, April 9th. BMO Capital Markets increased their price objective on Apache from $30.00 to $36.00 and gave the company a “market perform” rating in a report on Friday, April 5th. ValuEngine upgraded Apache from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 30th. Credit Suisse Group increased their price objective on Apache from $36.00 to $37.00 and gave the company a “neutral” rating in a report 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, thirteen have issued a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $41.82.

Shares of APA stock opened at $30.41 on Friday. The firm has a market capitalization of $11.74 billion, a P/E ratio of 17.18, a PEG ratio of 4.74 and a beta of 1.72. The company has a quick ratio of 0.87, a current ratio of 1.05 and a debt-to-equity ratio of 0.94. Apache Co. has a 1 year low of $24.56 and a 1 year high of $50.03.

Apache (NYSE:APA) last announced its quarterly earnings results on Wednesday, May 1st. The energy company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.63 billion. Apache had a positive return on equity of 6.71% and a negative net margin of 2.08%. The firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period last year, the firm earned $0.32 EPS. Analysts forecast that Apache Co. will post 1.1 EPS for the current fiscal year.

In related news, Director John E. Lowe purchased 5,000 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were bought at an average cost of $30.25 per share, with a total value of $151,250.00. Following the transaction, the director now owns 25,000 shares of the company’s stock, valued at $756,250. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.69% of the stock is currently owned by company insiders.

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Apache 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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