Apache Co. (APA) Stake Boosted by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Apache Co. (NYSE:APA) by 3.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,620 shares of the energy company’s stock after acquiring an additional 3,091 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Apache were worth $4,164,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Thrivent Financial For Lutherans lifted its stake in Apache by 2.6% during the 2nd quarter. Thrivent Financial For Lutherans now owns 14,380 shares of the energy company’s stock worth $689,000 after acquiring an additional 360 shares in the last quarter. Hartford Financial Management Inc. increased its holdings in Apache by 12.1% during the 4th quarter. Hartford Financial Management Inc. now owns 10,189 shares of the energy company’s stock worth $430,000 after purchasing an additional 1,100 shares during the period. Mutual of America Capital Management LLC increased its holdings in Apache by 2.3% during the 4th quarter. Mutual of America Capital Management LLC now owns 50,419 shares of the energy company’s stock worth $2,129,000 after purchasing an additional 1,133 shares during the period. Raymond James Financial Services Advisors Inc. increased its holdings in Apache by 1.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 62,977 shares of the energy company’s stock worth $3,019,000 after purchasing an additional 1,161 shares during the period. Finally, Nisa Investment Advisors LLC increased its holdings in Apache by 1.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 81,213 shares of the energy company’s stock worth $3,431,000 after purchasing an additional 1,258 shares during the period. 94.72% of the stock is currently owned by hedge funds and other institutional investors.

In related 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 transaction, the insider now directly owns 37,469 shares of the company’s stock, valued at approximately $1,650,134.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John E. Lowe acquired 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The stock was purchased at an average cost of $40.02 per share, with a total value of $120,060.00. Following the completion of the purchase, the director now directly owns 15,000 shares in the company, valued at $600,300. The disclosure for this purchase can be found here. 0.48% of the stock is owned by company insiders.

Several equities research analysts have weighed in on the company. Stifel Nicolaus set a $41.00 price target on Apache and gave the stock a “hold” rating in a report on Tuesday, January 30th. Credit Suisse Group assumed coverage on Apache in a report on Monday, December 11th. They set a “neutral” rating and a $40.00 price target on the stock. ValuEngine downgraded Apache from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Barclays increased their price objective on Apache from $26.00 to $30.00 and gave the company an “underweight” rating in a report on Monday, November 20th. Finally, Jefferies Group set a $35.00 price objective on Apache and gave the company a “sell” rating in a report on Wednesday, December 20th. Nine equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. Apache has an average rating of “Hold” and an average target price of $45.69.

Shares of Apache Co. (NYSE:APA) opened at $39.99 on Thursday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.37 and a current ratio of 1.53. The firm has a market capitalization of $15,030.00, a P/E ratio of 22.81, a price-to-earnings-growth ratio of 4.96 and a beta of 1.05. Apache Co. has a 1 year low of $38.14 and a 1 year high of $57.88.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Monday, January 22nd will be issued a $0.25 dividend. The ex-dividend date is Friday, January 19th. This represents a $1.00 annualized dividend and a dividend yield of 2.50%. Apache’s dividend payout ratio is currently 57.80%.

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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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