EagleClaw Capital Managment LLC Increases Position in Apache Corporation (APA)

EagleClaw Capital Managment LLC boosted its holdings in shares of Apache Corporation (NYSE:APA) by 0.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,233 shares of the energy company’s stock after acquiring an additional 2 shares during the period. Apache Corporation accounts for approximately 1.2% of EagleClaw Capital Managment LLC’s investment portfolio, making the stock its 27th biggest position. EagleClaw Capital Managment LLC’s holdings in Apache Corporation were worth $2,030,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Invictus RG purchased a new stake in Apache Corporation during the 1st quarter valued at about $100,000. Hanson McClain Inc. purchased a new stake in Apache Corporation during the 2nd quarter valued at about $106,000. Parallel Advisors LLC grew its stake in Apache Corporation by 7.4% during the 1st quarter. Parallel Advisors LLC now owns 2,346 shares of the energy company’s stock valued at $114,000 after acquiring an additional 161 shares in the last quarter. FNY Partners Fund LP grew its stake in Apache Corporation by 500.0% during the 1st quarter. FNY Partners Fund LP now owns 3,000 shares of the energy company’s stock valued at $154,000 after acquiring an additional 2,500 shares in the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new stake in Apache Corporation during the 2nd quarter valued at about $142,000. 95.00% of the stock is owned by institutional investors.

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In related news, Director George D. Lawrence bought 900 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The shares were acquired at an average cost of $42.49 per share, with a total value of $38,241.00. Following the completion of the transaction, the director now owns 38,445 shares of the company’s stock, valued at $1,633,528.05. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John E. Lowe bought 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The stock was bought at an average cost of $40.32 per share, for a total transaction of $80,640.00. Following the completion of the transaction, the director now directly owns 12,000 shares of the company’s stock, valued at approximately $483,840. The disclosure for this purchase can be found here. Insiders purchased 5,500 shares of company stock worth $235,094 over the last three months. Corporate insiders own 0.48% of the company’s stock.

Several analysts recently issued reports on APA shares. BidaskClub raised shares of Apache Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $64.00 price objective on shares of Apache Corporation in a research note on Friday, June 16th. Seaport Global Securities cut shares of Apache Corporation from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $52.00 to $36.00 in a research note on Wednesday, June 21st. BMO Capital Markets set a $45.00 price objective on shares of Apache Corporation and gave the company a “hold” rating in a research note on Monday, June 26th. Finally, Scotiabank set a $50.00 price objective on shares of Apache Corporation and gave the company a “hold” rating in a research note on Saturday, July 1st. Nine investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. Apache Corporation currently has a consensus rating of “Hold” and a consensus target price of $50.00.

Apache Corporation (NYSE:APA) traded down 0.1733% during trading on Wednesday, reaching $42.3864. 1,715,119 shares of the company’s stock traded hands. The firm has a market capitalization of $16.15 billion, a PE ratio of 706.4400 and a beta of 1.09. The firm has a 50 day moving average of $42.30 and a 200 day moving average of $46.78. Apache Corporation has a 1-year low of $38.14 and a 1-year high of $69.00.

Apache Corporation (NYSE:APA) last released its earnings results on Thursday, August 3rd. The energy company reported ($0.21) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.22). Apache Corporation had a negative return on equity of 1.03% and a negative net margin of 0.07%. The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same period in the prior year, the business posted ($0.26) earnings per share. Apache Corporation’s revenue was up .1% on a year-over-year basis. Equities analysts forecast that Apache Corporation will post $0.03 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Monday, October 23rd will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, October 20th. This represents a $1.00 annualized dividend and a dividend yield of 2.36%. Apache Corporation’s dividend payout ratio is presently -4,997.50%.

Apache Corporation 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.

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

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