MANA Advisors LLC acquired a new stake in shares of Apache Co. (NYSE:APA) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,470 shares of the energy company’s stock, valued at approximately $442,000.
Several other hedge funds and other institutional investors have also modified their holdings of APA. Hartford Financial Management Inc. boosted its position in Apache by 12.1% during the 4th quarter. Hartford Financial Management Inc. now owns 10,189 shares of the energy company’s stock valued at $430,000 after acquiring an additional 1,100 shares in the last quarter. Mutual of America Capital Management LLC boosted its position in Apache by 2.3% during the 4th quarter. Mutual of America Capital Management LLC now owns 50,419 shares of the energy company’s stock valued at $2,129,000 after acquiring an additional 1,133 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in Apache by 1.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 81,213 shares of the energy company’s stock valued at $3,431,000 after acquiring an additional 1,258 shares in the last quarter. Engineers Gate Manager LP lifted its holdings in shares of Apache by 13.6% during the 4th quarter. Engineers Gate Manager LP now owns 10,642 shares of the energy company’s stock valued at $449,000 after purchasing an additional 1,271 shares during the last quarter. Finally, FDx Advisors Inc. lifted its holdings in shares of Apache by 4.8% during the 4th quarter. FDx Advisors Inc. now owns 30,470 shares of the energy company’s stock valued at $1,286,000 after purchasing an additional 1,383 shares during the last quarter. Hedge funds and other institutional investors own 95.96% of the company’s stock.
In other Apache news, Director John E. Lowe bought 2,500 shares of Apache stock in a transaction dated Friday, March 2nd. The stock was acquired at an average cost of $33.80 per share, with a total value of $84,500.00. Following the completion of the acquisition, the director now owns 17,500 shares of the company’s stock, valued at $591,500. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.48% of the stock is currently owned by corporate insiders.
Shares of Apache stock traded down $0.58 during trading hours on Monday, reaching $37.90. 5,973,388 shares of the company were exchanged, compared to its average volume of 5,012,642. The company has a current ratio of 1.45, a quick ratio of 1.31 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $14,678.11, a P/E ratio of 157.92, a P/E/G ratio of 3.52 and a beta of 1.10. Apache Co. has a 1 year low of $33.60 and a 1 year high of $54.64.
Apache (NYSE:APA) last issued its earnings results on Thursday, February 22nd. The energy company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.12. Apache had a net margin of 20.32% and a return on equity of 1.11%. The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the previous year, the firm posted ($0.06) earnings per share. sell-side analysts predict that Apache Co. will post 1.56 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 22nd. Stockholders of record on Monday, April 23rd will be issued a $0.25 dividend. The ex-dividend date is Friday, April 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.64%. Apache’s payout ratio is 416.67%.
APA has been the subject of a number of recent research reports. Credit Suisse Group initiated coverage on Apache in a research note on Monday, December 11th. They set a “neutral” rating and a $40.00 price objective for the company. Stifel Nicolaus set a $41.00 target price on Apache and gave the company a “hold” rating in a research report on Tuesday, January 30th. Royal Bank of Canada restated a “hold” rating and set a $45.00 target price on shares of Apache in a research report on Monday, March 5th. ValuEngine cut Apache from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Finally, Jefferies Group set a $35.00 price objective on Apache and gave the stock a “sell” rating in a report on Wednesday, December 20th. Ten investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $41.07.
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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 Permian and Midcontinent/Gulf Coast onshore regions; and offshore assets situated in the Gulf of Mexico region.
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