Van Den Berg Management I Inc. lifted its holdings in Apache Co. (NYSE:APA) by 81.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 740,362 shares of the energy company’s stock after purchasing an additional 331,337 shares during the period. Apache accounts for about 3.5% of Van Den Berg Management I Inc.’s investment portfolio, making the stock its 7th biggest holding. Van Den Berg Management I Inc. owned approximately 0.19% of Apache worth $31,258,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the stock. Nationwide Fund Advisors lifted its position in Apache by 6.0% during the 3rd quarter. Nationwide Fund Advisors now owns 142,708 shares of the energy company’s stock worth $6,536,000 after acquiring an additional 8,029 shares during the last quarter. Andra AP fonden lifted its position in Apache by 7.9% during the 3rd quarter. Andra AP fonden now owns 50,600 shares of the energy company’s stock worth $2,317,000 after acquiring an additional 3,700 shares during the last quarter. Dupont Capital Management Corp lifted its position in Apache by 101.3% during the 3rd quarter. Dupont Capital Management Corp now owns 8,405 shares of the energy company’s stock worth $385,000 after acquiring an additional 4,229 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in Apache by 5.9% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 57,875 shares of the energy company’s stock worth $2,651,000 after acquiring an additional 3,238 shares during the last quarter. Finally, State of Wisconsin Investment Board lifted its position in Apache by 4.8% during the 3rd quarter. State of Wisconsin Investment Board now owns 288,867 shares of the energy company’s stock worth $13,230,000 after acquiring an additional 13,158 shares during the last quarter. 95.96% of the stock is owned by institutional investors and hedge funds.
APA has been the subject of a number of research analyst reports. Stifel Nicolaus set a $39.00 target price on shares of Apache and gave the stock a “hold” rating in a research report on Friday, February 23rd. Royal Bank of Canada set a $51.00 target price on shares of Apache and gave the stock a “hold” rating in a research report on Wednesday, December 20th. Morgan Stanley boosted their target price on shares of Apache from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. BMO Capital Markets reissued a “hold” rating and set a $35.00 target price on shares of Apache in a research report on Tuesday, February 27th. Finally, Jefferies Group set a $35.00 target price on shares of Apache and gave the stock a “sell” rating in a research report on Wednesday, December 20th. Ten research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. Apache presently has a consensus rating of “Hold” and a consensus target price of $41.07.
In other Apache news, Director John E. Lowe bought 2,500 shares of the stock in a transaction that occurred on Friday, March 2nd. The shares were acquired at an average price of $33.80 per share, with a total value of $84,500.00. Following the completion of the purchase, the director now directly owns 17,500 shares in the company, valued at approximately $591,500. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.48% of the company’s stock.
Shares of APA traded down $0.58 during trading hours on Monday, reaching $37.90. 5,973,388 shares of the company traded hands, compared to its average volume of 5,012,642. 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. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.31 and a current ratio of 1.45. Apache Co. has a 1-year low of $33.60 and a 1-year high of $54.64.
Apache (NYSE:APA) last announced its quarterly earnings data on Thursday, February 22nd. The energy company reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.12. The business had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.54 billion. Apache had a net margin of 20.32% and a return on equity of 1.11%. During the same quarter in the prior year, the business earned ($0.06) earnings per share. equities analysts forecast 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. Investors of record on Monday, April 23rd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, April 20th. This represents a $1.00 dividend on an annualized basis and a yield of 2.64%. Apache’s payout ratio is currently 416.67%.
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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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