Paragon Capital Management LLC Boosts Stock Position in Apache Co. (NYSE:APA)

Paragon Capital Management LLC increased its stake in shares of Apache Co. (NYSE:APA) by 10.9% in the second quarter, HoldingsChannel reports. The firm owned 118,803 shares of the energy company’s stock after buying an additional 11,638 shares during the quarter. Apache makes up approximately 1.5% of Paragon Capital Management LLC’s holdings, making the stock its 26th biggest holding. Paragon Capital Management LLC’s holdings in Apache were worth $3,442,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Signaturefd LLC increased its position in Apache by 66.1% during the 1st quarter. Signaturefd LLC now owns 1,276 shares of the energy company’s stock worth $44,000 after purchasing an additional 508 shares in the last quarter. NEXT Financial Group Inc increased its position in Apache by 4,074.7% during the 2nd quarter. NEXT Financial Group Inc now owns 3,131 shares of the energy company’s stock worth $91,000 after purchasing an additional 3,056 shares in the last quarter. Investors Research Corp purchased a new stake in Apache in the 1st quarter valued at about $105,000. Quadrant Capital Group LLC grew its holdings in Apache by 168.9% in the 1st quarter. Quadrant Capital Group LLC now owns 3,329 shares of the energy company’s stock valued at $109,000 after buying an additional 2,091 shares during the period. Finally, Meeder Asset Management Inc. purchased a new stake in Apache in the 1st quarter valued at about $114,000. Hedge funds and other institutional investors own 95.41% of the company’s stock.

APA has been the subject of several recent analyst reports. Stifel Nicolaus set a $29.00 price target on Apache and gave the company a “hold” rating in a report on Monday, August 12th. Zacks Investment Research upgraded Apache from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a report on Monday, May 20th. Seaport Global Securities restated a “neutral” rating on shares of Apache in a report on Friday, June 21st. Bank of America lowered 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, Morgan Stanley lowered 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. Six equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $36.33.

In other news, Director John E. Lowe acquired 5,000 shares of Apache stock in a transaction dated Wednesday, August 7th. The shares were acquired at an average cost of $21.83 per share, with a total value of $109,150.00. Following the purchase, the director now directly owns 30,000 shares of the company’s stock, valued at approximately $654,900. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP William Mark Meyer acquired 2,000 shares of Apache stock in a transaction dated Friday, May 31st. The stock was purchased at an average cost of $25.92 per share, for a total transaction of $51,840.00. Following the completion of the purchase, the executive vice president now directly owns 2,919 shares in the company, valued at $75,660.48. The disclosure for this purchase can be found here. Insiders own 0.69% of the company’s stock.

Shares of NYSE APA traded down $0.28 during midday trading on Friday, hitting $21.18. The stock had a trading volume of 174,623 shares, compared to its average volume of 5,850,533. The company has a market capitalization of $7.91 billion, a price-to-earnings ratio of 11.97, a PEG ratio of 9.77 and a beta of 1.80. Apache Co. has a 1-year low of $19.44 and a 1-year high of $50.03. The company has a quick ratio of 1.03, a current ratio of 1.23 and a debt-to-equity ratio of 1.00. The company has a fifty day moving average price of $23.89 and a 200 day moving average price of $29.88.

Apache (NYSE:APA) last released its quarterly earnings data on Wednesday, July 31st. The energy company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.07. The business had revenue of $1.60 billion for 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%. On average, research analysts forecast that Apache Co. will post 0.37 EPS for the current year.

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

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