HL Financial Services LLC cut its position in shares of Apache Corp. (NYSE:APA) by 10.4% during the second quarter, Holdings Channel reports. The fund owned 35,873 shares of the energy company’s stock after selling 4,145 shares during the period. HL Financial Services LLC’s holdings in Apache Corp. were worth $1,997,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of APA. Zions Bancorporation boosted its stake in shares of Apache Corp. by 0.9% in the first quarter. Zions Bancorporation now owns 2,332 shares of the energy company’s stock worth $115,000 after buying an additional 21 shares during the last quarter. River Wealth Advisors LLC boosted its stake in shares of Apache Corp. by 0.4% in the first quarter. River Wealth Advisors LLC now owns 8,102 shares of the energy company’s stock worth $395,000 after buying an additional 34 shares during the last quarter. Hartford Financial Management Inc. boosted its stake in shares of Apache Corp. by 0.4% in the second quarter. Hartford Financial Management Inc. now owns 8,936 shares of the energy company’s stock worth $497,000 after buying an additional 35 shares during the last quarter. Capstone Asset Management Co. boosted its stake in shares of Apache Corp. by 0.5% in the second quarter. Capstone Asset Management Co. now owns 26,541 shares of the energy company’s stock worth $1,478,000 after buying an additional 133 shares during the last quarter. Finally, Northstar Asset Management LLC boosted its stake in shares of Apache Corp. by 2.0% in the second quarter. Northstar Asset Management LLC now owns 7,647 shares of the energy company’s stock worth $426,000 after buying an additional 150 shares during the last quarter. 91.25% of the stock is currently owned by institutional investors.
Apache Corp. (NYSE:APA) traded up 0.18% during midday trading on Thursday, reaching $61.00. 7,239,837 shares of the company’s stock were exchanged. Apache Corp. has a 12-month low of $32.20 and a 12-month high of $62.19. The firm has a 50-day moving average price of $53.76 and a 200 day moving average price of $53.44. The company’s market cap is $23.14 billion.
Apache Corp. (NYSE:APA) last posted its earnings results on Thursday, August 4th. The energy company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.17) by $0.09. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.31 billion. Apache Corp. had a negative return on equity of 4.16% and a negative net margin of 261.91%. The company’s revenue was down 38.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.22 earnings per share. On average, analysts expect that Apache Corp. will post ($0.69) EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 22nd. Stockholders of record on Friday, October 21st will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Wednesday, October 19th. Apache Corp.’s payout ratio is presently -2.78%.
Several research analysts have weighed in on the stock. Wolfe Research raised shares of Apache Corp. from an “underperform” rating to a “market perform” rating in a report on Monday, September 12th. Jefferies Group reissued a “sell” rating on shares of Apache Corp. in a report on Thursday, August 11th. Citigroup Inc. cut shares of Apache Corp. from a “buy” rating to a “neutral” rating and lowered their price target for the company from $55.00 to $53.00 in a report on Tuesday, August 9th. They noted that the move was a valuation call. Credit Suisse Group AG reissued a “hold” rating and issued a $67.00 price target on shares of Apache Corp. in a report on Monday, September 12th. Finally, Credit Agricole SA assumed coverage on shares of Apache Corp. in a report on Wednesday, June 22nd. They issued an “underperform” rating on the stock. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $57.44.
About Apache Corp.
Apache Corporation (Apache) is an independent energy company. Both domestically and internationally, the Company explores for, develops and produces natural gas, crude oil and natural gas liquids. The Company has exploration and production interests in four countries: the United States, Canada, Egypt, and the United Kingdom (North Sea).
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