Oarsman Capital Inc. lifted its position in Apache Corporation (NYSE:APA) by 409.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,660 shares of the energy company’s stock after acquiring an additional 23,835 shares during the quarter. Oarsman Capital Inc.’s holdings in Apache Corporation were worth $1,422,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Invictus RG bought a new position in Apache Corporation during the first quarter valued at about $100,000. Thompson Davis & CO. Inc. grew its position in Apache Corporation by 33.7% during the first quarter. Thompson Davis & CO. Inc. now owns 2,009 shares of the energy company’s stock valued at $103,000 after buying an additional 506 shares during the period. Hanson McClain Inc. bought a new position in Apache Corporation during the second quarter valued at about $106,000. Parallel Advisors LLC grew its position in Apache Corporation by 7.4% during the first quarter. Parallel Advisors LLC now owns 2,346 shares of the energy company’s stock valued at $114,000 after buying an additional 161 shares during the period. Finally, State of Alaska Department of Revenue bought a new position in Apache Corporation during the first quarter valued at about $135,000. Hedge funds and other institutional investors own 95.05% of the company’s stock.
Apache Corporation (NYSE APA) traded up 1.55% on Monday, hitting $39.91. 685,598 shares of the company’s stock traded hands. Apache Corporation has a 12 month low of $38.14 and a 12 month high of $69.00. The stock’s market cap is $15.20 billion. The stock has a 50 day moving average price of $42.84 and a 200-day moving average price of $47.96. Apache Corporation also was the target of unusually large options trading on Friday. Stock investors purchased 1,516 call options on the stock. This is an increase of 470% compared to the typical daily volume of 266 call options.
Apache Corporation (NYSE:APA) last issued its quarterly earnings data on Thursday, August 3rd. The energy company reported ($0.21) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $0.22. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Apache Corporation had a negative return on equity of 1.03% and a negative net margin of 0.07%. The firm’s revenue was up .1% on a year-over-year basis. During the same period last year, the company earned ($0.26) earnings per share. Equities analysts predict that Apache Corporation will post $0.06 earnings per share for the current fiscal year.
Several research firms recently weighed in on APA. Scotiabank restated a “hold” rating and set a $58.00 price target on shares of Apache Corporation in a research report on Monday, May 15th. BMO Capital Markets restated a “hold” rating and set a $53.00 price target on shares of Apache Corporation in a research report on Monday, May 15th. Jefferies Group LLC restated a “sell” rating and set a $40.00 price target on shares of Apache Corporation in a research report on Wednesday, May 17th. Zacks Investment Research lowered shares of Apache Corporation from a “hold” rating to a “sell” rating in a research report on Friday, May 19th. Finally, Cowen and Company set a $50.00 price target on shares of Apache Corporation and gave the company a “hold” rating in a research report on Tuesday, July 18th. Eight investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. Apache Corporation has a consensus rating of “Hold” and an average target price of $55.45.
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In related news, Director George D. Lawrence purchased 900 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The shares were bought at an average price of $42.49 per share, for a total transaction of $38,241.00. Following the acquisition, the director now owns 38,445 shares of the company’s stock, valued at approximately $1,633,528.05. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John E. Lowe purchased 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were bought at an average price of $40.32 per share, for a total transaction of $80,640.00. Following the acquisition, the director now directly owns 12,000 shares in the company, valued at approximately $483,840. The disclosure for this purchase can be found here. Insiders have bought a total of 5,500 shares of company stock worth $235,094 over the last ninety days. Insiders own 0.48% of the company’s stock.
Apache Corporation Company Profile
Apache Corporation is an independent energy company. The Company explores for, develops, and produces natural gas, crude oil and natural gas liquids. The Company’s production segments include: the United States, Egypt and the United Kingdom North Sea. It also pursues exploration interests in Suriname.
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