Advisor Group Inc. Boosts Position in Apache Corporation (APA)

Advisor Group Inc. increased its position in shares of Apache Corporation (NYSE:APA) by 5.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 56,485 shares of the energy company’s stock after buying an additional 2,963 shares during the quarter. Advisor Group Inc.’s holdings in Apache Corporation were worth $2,587,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Dodge & Cox grew its holdings in shares of Apache Corporation by 4.0% during the second quarter. Dodge & Cox now owns 29,922,731 shares of the energy company’s stock worth $1,434,196,000 after buying an additional 1,152,395 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Apache Corporation by 0.5% during the second quarter. Vanguard Group Inc. now owns 26,448,494 shares of the energy company’s stock worth $1,267,676,000 after buying an additional 128,836 shares in the last quarter. State Street Corp grew its holdings in shares of Apache Corporation by 0.7% during the second quarter. State Street Corp now owns 20,068,849 shares of the energy company’s stock worth $961,903,000 after buying an additional 130,520 shares in the last quarter. Harris Associates L P grew its holdings in shares of Apache Corporation by 14.3% during the second quarter. Harris Associates L P now owns 18,741,407 shares of the energy company’s stock worth $898,275,000 after buying an additional 2,343,985 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of Apache Corporation by 2.7% during the second quarter. FMR LLC now owns 15,112,873 shares of the energy company’s stock worth $724,360,000 after buying an additional 404,098 shares in the last quarter. Institutional investors and hedge funds own 94.98% of the company’s stock.

A number of research firms recently issued reports on APA. Scotiabank set a $49.00 price objective on Apache Corporation and gave the stock a “hold” rating in a report on Monday. Bank of America Corporation increased their price objective on Apache Corporation from $41.00 to $42.00 and gave the stock an “underperform” rating in a report on Monday, November 6th. BidaskClub downgraded Apache Corporation from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Citigroup Inc. decreased their price objective on Apache Corporation from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Tuesday, August 15th. Finally, BMO Capital Markets set a $45.00 price objective on Apache Corporation and gave the stock a “hold” rating in a report on Thursday, August 3rd. Ten research analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $47.82.

Apache Corporation (APA) traded down $0.38 during trading on Thursday, reaching $40.65. The company’s stock had a trading volume of 186,173 shares, compared to its average volume of 3,662,954. Apache Corporation has a 12-month low of $38.14 and a 12-month high of $69.00. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.37 and a current ratio of 1.53.

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

The firm 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 is Friday, October 20th. This represents a $1.00 annualized dividend and a dividend yield of 2.46%. Apache Corporation’s payout ratio is 57.47%.

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

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