Argent Trust Co Cuts Holdings in Apache Co. (APA)

Argent Trust Co lessened its holdings in shares of Apache Co. (NYSE:APA) by 12.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,872 shares of the energy company’s stock after selling 4,327 shares during the quarter. Argent Trust Co’s holdings in Apache were worth $784,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of APA. Capital Investment Advisory Services LLC bought a new position in Apache during the fourth quarter worth about $29,000. Heritage Trust Co boosted its position in Apache by 704.4% during the fourth quarter. Heritage Trust Co now owns 1,448 shares of the energy company’s stock worth $38,000 after purchasing an additional 1,268 shares during the period. Oregon Public Employees Retirement Fund boosted its position in Apache by 2,492.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,087,958 shares of the energy company’s stock worth $41,000 after purchasing an additional 1,045,998 shares during the period. Northwest Wealth Management LLC boosted its position in Apache by 485.9% during the fourth quarter. Northwest Wealth Management LLC now owns 2,074 shares of the energy company’s stock worth $54,000 after purchasing an additional 1,720 shares during the period. Finally, CKW Financial Group boosted its position in Apache by 25.0% during the fourth quarter. CKW Financial Group now owns 2,500 shares of the energy company’s stock worth $66,000 after purchasing an additional 500 shares during the period. Hedge funds and other institutional investors own 95.45% of the company’s stock.

A number of equities analysts have weighed in on the stock. Zacks Investment Research lowered shares of Apache from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 3rd. ValuEngine upgraded shares of Apache from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 30th. BMO Capital Markets restated a “hold” rating and issued a $37.00 price objective on shares of Apache in a research report on Tuesday, November 13th. Stifel Nicolaus restated a “hold” rating and issued a $45.00 price objective on shares of Apache in a research report on Monday, November 26th. Finally, Macquarie upgraded shares of Apache from an “underperform” rating to a “neutral” rating and set a $37.00 price objective for the company in a research report on Friday, November 2nd. They noted that the move was a valuation call. Six research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $42.35.

Shares of APA opened at $32.67 on Friday. The company has a market capitalization of $12.25 billion, a P/E ratio of 136.13, a P/E/G ratio of 10.34 and a beta of 1.72. The company has a current ratio of 1.26, a quick ratio of 1.10 and a debt-to-equity ratio of 0.90. Apache Co. has a 1-year low of $24.56 and a 1-year high of $50.03.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Monday, April 22nd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date is Thursday, April 18th. Apache’s dividend payout ratio is currently 416.67%.

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Apache Profile

Apache Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids (NGLs). The company has operations in onshore assets located Permian and Midcontinent/Gulf Coast onshore regions; and offshore assets situated in the Gulf of Mexico region.

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Institutional Ownership by Quarter for Apache (NYSE:APA)

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