Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Apache Co. (NYSE:APA) by 6.0% during the 1st quarter, HoldingsChannel reports. The fund owned 21,947 shares of the energy company’s stock after purchasing an additional 1,241 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Apache were worth $761,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Strs Ohio lifted its position in Apache by 1.3% during the first quarter. Strs Ohio now owns 324,296 shares of the energy company’s stock valued at $11,240,000 after buying an additional 4,299 shares during the period. South Dakota Investment Council lifted its position in Apache by 6.6% during the first quarter. South Dakota Investment Council now owns 598,755 shares of the energy company’s stock valued at $20,753,000 after buying an additional 37,318 shares during the period. Nisa Investment Advisors LLC lifted its position in Apache by 12.6% during the first quarter. Nisa Investment Advisors LLC now owns 73,012 shares of the energy company’s stock valued at $2,531,000 after buying an additional 8,150 shares during the period. Lantz Financial LLC purchased a new position in Apache during the first quarter valued at $243,000. Finally, Field & Main Bank purchased a new position in Apache during the first quarter valued at $149,000. Institutional investors and hedge funds own 98.72% of the company’s stock.
In other Apache news, Director John E. Lowe bought 5,000 shares of the firm’s stock in a transaction 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 transaction, the director now owns 25,000 shares in the company, valued at $756,250. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.69% of the stock is currently owned by insiders.
APA opened at $27.33 on Friday. 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 stock has a market capitalization of $10.27 billion, a PE ratio of 15.44, a P/E/G ratio of 4.63 and a beta of 1.72. Apache Co. has a 1 year low of $24.56 and a 1 year high of $50.03.
Apache (NYSE:APA) last posted its quarterly earnings results on Wednesday, May 1st. The energy company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.63 billion. Apache had a positive return on equity of 6.71% and a negative net margin of 2.08%. Apache’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.32 EPS. Sell-side analysts forecast that Apache Co. will post 1.11 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 22nd. Shareholders of record on Monday, July 22nd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend is Friday, July 19th. Apache’s dividend payout ratio (DPR) is 56.50%.
Several equities analysts have commented on APA shares. Citigroup raised their price objective on Apache from $31.00 to $35.00 and gave the company a “neutral” rating in a research report on Wednesday, March 6th. BMO Capital Markets raised their price objective on Apache from $30.00 to $36.00 and gave the company a “market perform” rating in a research report on Friday, April 5th. ValuEngine raised Apache from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 30th. Zacks Investment Research lowered Apache from a “buy” rating to a “hold” rating in a research report on Monday, May 13th. Finally, Seaport Global Securities reaffirmed a “hold” rating on shares of Apache in a research report on Wednesday, January 30th. Five investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company’s stock. Apache presently has a consensus rating of “Hold” and a consensus target price of $41.55.
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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