Nisa Investment Advisors LLC lessened its stake in Apache Co. (NYSE:APA) by 5.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 68,979 shares of the energy company’s stock after selling 4,033 shares during the period. Nisa Investment Advisors LLC’s holdings in Apache were worth $1,998,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in APA. CENTRAL TRUST Co lifted its stake in Apache by 6.1% during the second quarter. CENTRAL TRUST Co now owns 8,878 shares of the energy company’s stock worth $237,000 after purchasing an additional 510 shares during the period. Butensky & Cohen Financial Security Inc. lifted its stake in Apache by 17.2% during the second quarter. Butensky & Cohen Financial Security Inc. now owns 37,455 shares of the energy company’s stock worth $1,085,000 after purchasing an additional 5,485 shares during the period. Rothschild Investment Corp IL lifted its stake in Apache by 421.9% during the second quarter. Rothschild Investment Corp IL now owns 37,599 shares of the energy company’s stock worth $1,089,000 after purchasing an additional 30,395 shares during the period. Norway Savings Bank lifted its stake in Apache by 5.3% during the second quarter. Norway Savings Bank now owns 16,904 shares of the energy company’s stock worth $489,000 after purchasing an additional 850 shares during the period. Finally, Foundation Resource Management Inc. lifted its stake in Apache by 3.0% during the second quarter. Foundation Resource Management Inc. now owns 29,844 shares of the energy company’s stock worth $865,000 after purchasing an additional 860 shares during the period. Institutional investors and hedge funds own 96.48% of the company’s stock.
Shares of Apache stock traded down $0.45 during midday trading on Friday, reaching $23.67. The company had a trading volume of 113,118 shares, compared to its average volume of 5,098,791. The company has a quick ratio of 0.87, a current ratio of 1.05 and a debt-to-equity ratio of 0.94. The firm has a market cap of $9.06 billion, a P/E ratio of 13.37, a price-to-earnings-growth ratio of 7.34 and a beta of 1.79. The company’s fifty day moving average is $26.66. Apache Co. has a 1-year low of $22.60 and a 1-year high of $50.03.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 22nd. Investors of record on Monday, July 22nd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date is Friday, July 19th. Apache’s dividend payout ratio is currently 56.50%.
APA has been the subject of a number of analyst reports. Wolfe Research upgraded shares of Apache from an “underperform” rating to a “peer perform” rating in a research note on Monday, June 3rd. BMO Capital Markets raised their price target on shares of Apache from $30.00 to $36.00 and gave the stock a “market perform” rating in a research note on Friday, April 5th. Morgan Stanley dropped their price objective on shares of Apache from $19.00 to $18.00 and set an “underweight” rating for the company in a report on Friday, July 12th. Bank of America dropped their price objective on shares of Apache from $30.00 to $29.00 and set an “underperform” rating for the company in a report on Thursday. Finally, Seaport Global Securities reaffirmed a “neutral” rating on shares of Apache in a report on Friday, June 21st. Six investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $39.50.
In related news, Director John E. Lowe purchased 5,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was acquired at an average price of $30.25 per share, with a total value of $151,250.00. Following the completion of the acquisition, the director now directly owns 25,000 shares in the company, valued at approximately $756,250. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Juliet S. Ellis purchased 3,500 shares of the stock in a transaction that occurred on Friday, May 24th. The stock was bought at an average cost of $27.26 per share, with a total value of $95,410.00. Following the acquisition, the director now owns 3,500 shares of the company’s stock, valued at $95,410. The disclosure for this purchase can be found here. In the last three months, insiders purchased 10,500 shares of company stock valued at $298,500. 0.69% of the stock is currently owned by company insiders.
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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