TD Asset Management Inc. trimmed its position in shares of Apache Co. (NYSE:APA) by 2.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 109,947 shares of the energy company’s stock after selling 3,277 shares during the period. TD Asset Management Inc.’s holdings in Apache were worth $3,185,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC grew its holdings in Apache by 66.1% during the first quarter. Signaturefd LLC now owns 1,276 shares of the energy company’s stock valued at $44,000 after purchasing an additional 508 shares during the period. Investors Research Corp bought a new position in Apache during the first quarter valued at $105,000. NEXT Financial Group Inc grew its holdings in Apache by 4,074.7% during the second quarter. NEXT Financial Group Inc now owns 3,131 shares of the energy company’s stock valued at $91,000 after purchasing an additional 3,056 shares during the period. Meeder Asset Management Inc. bought a new position in Apache during the first quarter valued at $114,000. Finally, Quadrant Capital Group LLC grew its holdings in Apache by 168.9% during the first quarter. Quadrant Capital Group LLC now owns 3,329 shares of the energy company’s stock valued at $109,000 after purchasing an additional 2,091 shares during the period. 95.41% of the stock is owned by institutional investors and hedge funds.
In other news, Director John E. Lowe purchased 5,000 shares of the stock in a transaction on Wednesday, August 7th. The shares were acquired at an average price of $21.83 per share, for a total transaction of $109,150.00. Following the completion of the transaction, the director now directly owns 30,000 shares of the company’s stock, valued at approximately $654,900. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Juliet S. Ellis purchased 3,500 shares of the stock in a transaction on Friday, May 24th. The shares were purchased at an average price of $27.26 per share, for a total transaction of $95,410.00. Following the transaction, the director now directly owns 3,500 shares of the company’s stock, valued at $95,410. The disclosure for this purchase can be found here. Insiders have purchased 10,500 shares of company stock valued at $256,400 in the last three months. 0.69% of the stock is owned by corporate insiders.
Apache (NYSE:APA) last posted its quarterly earnings data on Wednesday, July 31st. The energy company reported $0.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.07. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.58 billion. Apache had a positive return on equity of 5.12% and a negative net margin of 10.12%. Equities analysts forecast that Apache Co. will post 0.37 earnings per share for the current fiscal year.
A number of research firms have recently commented on APA. Wolfe Research raised Apache from an “underperform” rating to a “peer perform” rating in a report on Monday, June 3rd. Morgan Stanley cut their price target on Apache from $19.00 to $18.00 and set an “underweight” rating for the company in a report on Friday, July 12th. Stifel Nicolaus set a $29.00 price target on Apache and gave the stock a “hold” rating in a report on Monday, August 12th. Bank of America cut their price target on Apache from $30.00 to $29.00 and set an “underperform” rating for the company in a report on Thursday, August 1st. Finally, Seaport Global Securities reaffirmed a “neutral” rating on shares of Apache in a report on Friday, June 21st. Six research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company. Apache has an average rating of “Hold” and an average target price of $36.33.
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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