Apache Co. (APA) Shares Sold by Exxonmobil Investment Management Inc. TX

Exxonmobil Investment Management Inc. TX lowered its holdings in shares of Apache Co. (NYSE:APA) by 12.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,570 shares of the energy company’s stock after selling 8,994 shares during the quarter. Exxonmobil Investment Management Inc. TX’s holdings in Apache were worth $2,557,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in APA. AXA raised its position in shares of Apache by 5.5% during the second quarter. AXA now owns 32,035 shares of the energy company’s stock worth $1,535,000 after purchasing an additional 1,669 shares during the period. Riverhead Capital Management LLC grew its holdings in shares of Apache by 9.6% during the second quarter. Riverhead Capital Management LLC now owns 11,400 shares of the energy company’s stock worth $546,000 after buying an additional 997 shares in the last quarter. Stephens Inc. AR grew its holdings in shares of Apache by 17.4% during the second quarter. Stephens Inc. AR now owns 10,675 shares of the energy company’s stock worth $512,000 after buying an additional 1,586 shares in the last quarter. Teachers Advisors LLC grew its holdings in shares of Apache by 7.4% during the second quarter. Teachers Advisors LLC now owns 927,172 shares of the energy company’s stock worth $44,439,000 after buying an additional 63,951 shares in the last quarter. Finally, TIAA CREF Investment Management LLC grew its holdings in shares of Apache by 1.1% during the second quarter. TIAA CREF Investment Management LLC now owns 1,271,525 shares of the energy company’s stock worth $60,944,000 after buying an additional 13,599 shares in the last quarter. 94.56% of the stock is currently owned by institutional investors.

In other news, insider P Anthony Lannie sold 19,514 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $44.04, for a total value of $859,396.56. Following the completion of the sale, the insider now directly owns 37,469 shares of the company’s stock, valued at $1,650,134.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John E. Lowe acquired 3,000 shares of the business’s stock in a transaction dated Wednesday, December 13th. The stock was acquired at an average cost of $40.02 per share, with a total value of $120,060.00. Following the completion of the transaction, the director now owns 15,000 shares of the company’s stock, valued at $600,300. The disclosure for this purchase can be found here. Company insiders own 0.48% of the company’s stock.

A number of research analysts recently issued reports on APA shares. Morgan Stanley increased their price objective on Apache from $45.00 to $46.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 18th. Scotiabank set a $49.00 price objective on Apache and gave the stock a “hold” rating in a report on Monday, November 13th. Bank of America increased their price objective on Apache from $41.00 to $42.00 and gave the stock an “underperform” rating in a report on Monday, November 6th. BMO Capital Markets set a $45.00 price objective on Apache and gave the stock a “hold” rating in a report on Tuesday, October 10th. Finally, Royal Bank of Canada set a $51.00 price objective on Apache and gave the stock a “hold” rating in a report on Wednesday, December 20th. Ten 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’s stock. The company has an average rating of “Hold” and an average price target of $45.94.

Apache Co. (NYSE APA) opened at $47.16 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.53 and a debt-to-equity ratio of 0.95. Apache Co. has a one year low of $38.14 and a one year high of $64.13.

Apache (NYSE:APA) last posted its quarterly earnings results on Thursday, November 2nd. The energy company reported $0.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.09. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.39 billion. Apache had a negative return on equity of 0.70% and a net margin of 10.60%. The business’s revenue was down 3.5% compared to the same quarter last year. During the same period last year, the company earned ($0.03) earnings per share. analysts anticipate that Apache Co. will post 0.06 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Monday, January 22nd will be given a $0.25 dividend. The ex-dividend date is Friday, January 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.12%. Apache’s payout ratio is 57.47%.

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Apache 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 (NYSE:APA)

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