Apache Co. (APA) Holdings Lowered by Ameriprise Financial Inc.

Ameriprise Financial Inc. lowered its position in shares of Apache Co. (NYSE:APA) by 25.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 634,489 shares of the energy company’s stock after selling 213,219 shares during the quarter. Ameriprise Financial Inc. owned 0.17% of Apache worth $29,070,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of APA. SG Americas Securities LLC raised its holdings in shares of Apache by 156.3% in the 3rd quarter. SG Americas Securities LLC now owns 32,273 shares of the energy company’s stock worth $1,478,000 after purchasing an additional 19,679 shares during the period. Commonwealth Equity Services Inc raised its holdings in shares of Apache by 34.8% in the 3rd quarter. Commonwealth Equity Services Inc now owns 68,627 shares of the energy company’s stock worth $3,143,000 after purchasing an additional 17,715 shares during the period. Thompson Investment Management Inc. raised its holdings in shares of Apache by 2.7% in the 3rd quarter. Thompson Investment Management Inc. now owns 66,619 shares of the energy company’s stock worth $3,051,000 after purchasing an additional 1,755 shares during the period. Columbia Asset Management bought a new stake in shares of Apache in the 3rd quarter worth approximately $252,000. Finally, Davidson & Garrard Inc. raised its holdings in shares of Apache by 61.7% in the 3rd quarter. Davidson & Garrard Inc. now owns 19,467 shares of the energy company’s stock worth $892,000 after purchasing an additional 7,425 shares during the period. 94.55% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms recently commented on APA. Barclays lifted their price target on shares of Apache from $26.00 to $30.00 and gave the stock an “underweight” rating in a report on Monday, November 20th. Scotiabank set a $49.00 price target on shares of Apache and gave the stock a “hold” rating in a report on Monday, November 13th. BMO Capital Markets reaffirmed a “hold” rating and issued a $42.00 price target on shares of Apache in a report on Tuesday, November 7th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $55.00 price target on shares of Apache in a report on Tuesday, November 7th. Finally, Bank of America lifted their price target on shares of Apache from $41.00 to $42.00 and gave the stock an “underperform” rating in a report on Monday, November 6th. Ten research analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $48.06.

Shares of Apache Co. (NYSE APA) opened at $42.15 on Wednesday. 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 1-year low of $38.14 and a 1-year high of $69.00.

Apache (NYSE:APA) last issued its earnings results on Thursday, November 2nd. The energy company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.09. Apache had a net margin of 10.60% and a negative return on equity of 0.70%. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the previous year, the firm posted ($0.03) EPS. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. analysts expect that Apache Co. will post 0.02 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Monday, October 23rd were issued a dividend of $0.25 per share. The ex-dividend date was Friday, October 20th. This represents a $1.00 dividend on an annualized basis and a yield of 2.37%. Apache’s payout ratio is 57.47%.

In other Apache news, insider P Anthony Lannie sold 19,514 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $44.04, for a total transaction of $859,396.56. Following the sale, the insider now owns 37,469 shares of the company’s stock, valued at approximately $1,650,134.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.48% of the company’s stock.

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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.

Institutional Ownership by Quarter for Apache (NYSE:APA)

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