Apache Corporation (APA) Stake Decreased by Intrust Bank NA

Intrust Bank NA trimmed its stake in shares of Apache Corporation (NYSE:APA) by 33.5% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 6,344 shares of the energy company’s stock after selling 3,190 shares during the quarter. Intrust Bank NA’s holdings in Apache Corporation were worth $290,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in APA. Hanson McClain Inc. bought a new stake in shares of Apache Corporation during the 2nd quarter valued at $106,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in shares of Apache Corporation during the 2nd quarter valued at $142,000. Gs Investments Inc. bought a new stake in shares of Apache Corporation during the 2nd quarter valued at $149,000. Bronfman E.L. Rothschild L.P. lifted its position in shares of Apache Corporation by 410.5% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,635 shares of the energy company’s stock valued at $174,000 after acquiring an additional 2,923 shares during the period. Finally, Dupont Capital Management Corp bought a new stake in shares of Apache Corporation during the 2nd quarter valued at $200,000. Hedge funds and other institutional investors own 94.98% of the company’s stock.

A number of research firms have recently commented on APA. Scotiabank set a $49.00 price target on Apache Corporation and gave the stock a “hold” rating in a report on Monday. Wolfe Research cut Apache Corporation from a “market perform” rating to an “underperform” rating in a report on Monday, July 17th. Wells Fargo & Company reissued a “market perform” rating and set a $48.00 price target (down previously from $55.00) on shares of Apache Corporation in a report on Saturday, July 22nd. Citigroup Inc. lowered their price target on Apache Corporation from $58.00 to $50.00 and set a “neutral” rating for the company in a report on Friday, July 21st. Finally, Zacks Investment Research cut Apache Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Ten analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. Apache Corporation presently has a consensus rating of “Hold” and a consensus price target of $47.82.

In related news, Director John E. Lowe purchased 2,000 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was bought at an average price of $40.32 per share, with a total value of $80,640.00. Following the completion of the purchase, the director now owns 12,000 shares in the company, valued at approximately $483,840. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.48% of the company’s stock.

Shares of Apache Corporation (NYSE APA) opened at $42.57 on Tuesday. The company has a current ratio of 1.53, a quick ratio of 1.37 and a debt-to-equity ratio of 0.95. Apache Corporation has a one year low of $38.14 and a one year high of $69.00.

Apache Corporation (NYSE:APA) last issued its quarterly earnings results on Thursday, November 2nd. The energy company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.09. The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Apache Corporation had a negative return on equity of 0.70% and a net margin of 10.60%. The business’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.03) earnings per share. research analysts predict that Apache Corporation will post -0.01 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Monday, October 23rd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, October 20th. This represents a $1.00 annualized dividend and a dividend yield of 2.35%. Apache Corporation’s payout ratio is 57.47%.

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Apache Corporation 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.

Institutional Ownership by Quarter for Apache Corporation (NYSE:APA)

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