Whittier Trust Co. of Nevada Inc. Lowers Holdings in Apache Co. (NYSE:APA)

Whittier Trust Co. of Nevada Inc. trimmed its position in Apache Co. (NYSE:APA) by 25.5% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,504 shares of the energy company’s stock after selling 859 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Apache were worth $72,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Signaturefd LLC grew its position in Apache by 66.1% in the 1st quarter. Signaturefd LLC now owns 1,276 shares of the energy company’s stock valued at $44,000 after buying an additional 508 shares during the last quarter. Cribstone Capital Management LLC boosted its position in shares of Apache by 261.3% during the 1st quarter. Cribstone Capital Management LLC now owns 1,355 shares of the energy company’s stock worth $47,000 after purchasing an additional 980 shares in the last quarter. Investors Research Corp purchased a new stake in shares of Apache during the 1st quarter worth $105,000. NEXT Financial Group Inc boosted its position in shares of Apache by 4,074.7% during the 2nd quarter. NEXT Financial Group Inc now owns 3,131 shares of the energy company’s stock worth $91,000 after purchasing an additional 3,056 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Apache during the 1st quarter worth $114,000. Hedge funds and other institutional investors own 96.38% of the company’s stock.

Several brokerages have commented on APA. Zacks Investment Research upgraded shares of Apache from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research report on Monday, May 20th. Wolfe Research upgraded shares of Apache from an “underperform” rating to a “peer perform” rating in a research report on Monday, June 3rd. Bank of America decreased their target price on shares of Apache from $30.00 to $29.00 and set an “underperform” rating on the stock in a research report on Thursday. ValuEngine upgraded shares of Apache from a “strong sell” rating to a “sell” rating in a research report on Thursday. Finally, Morgan Stanley decreased their target price on shares of Apache from $19.00 to $18.00 and set an “underweight” rating on the stock in a research report on Friday, July 12th. 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 stock. Apache currently has a consensus rating of “Hold” and an average target price of $39.50.

Shares of NYSE:APA traded down $0.74 during midday trading on Monday, hitting $23.45. 120,155 shares of the stock were exchanged, compared to its average volume of 5,649,735. The company has a market capitalization of $9.09 billion, a PE ratio of 13.21, a P/E/G ratio of 7.49 and a beta of 1.80. The company has a current ratio of 1.05, a quick ratio of 0.87 and a debt-to-equity ratio of 0.94. Apache Co. has a twelve month low of $22.60 and a twelve month high of $50.03. The firm has a 50 day simple moving average of $26.58.

Apache (NYSE:APA) last released its quarterly earnings results on Wednesday, July 31st. The energy company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.07. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.58 billion. Apache had a positive return on equity of 5.03% and a negative net margin of 10.12%. As a group, sell-side analysts anticipate that Apache Co. will post 0.54 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 22nd. Stockholders of record on Monday, July 22nd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.26%. The ex-dividend date of this dividend is Friday, July 19th. Apache’s dividend payout ratio (DPR) is presently 56.50%.

In other news, Director John E. Lowe purchased 5,000 shares of the business’s stock in a transaction dated 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 purchase, the director now directly owns 25,000 shares of the company’s stock, valued at approximately $756,250. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP William Mark Meyer purchased 2,000 shares of the business’s stock in a transaction dated Friday, May 31st. The shares were purchased at an average cost of $25.92 per share, with a total value of $51,840.00. Following the purchase, the executive vice president now directly owns 2,919 shares in the company, valued at $75,660.48. The disclosure for this purchase can be found here. Insiders have bought a total of 10,500 shares of company stock valued at $298,500 in the last ninety days. Corporate insiders own 0.69% of the company’s stock.

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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