Apache Co. (NYSE:APA) insider P Anthony Lannie sold 19,514 shares of the company’s stock in a transaction 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 sale, the insider now owns 37,469 shares of the company’s stock, valued at $1,650,134.76. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of Apache Co. (NYSE APA) traded up $2.39 during mid-day trading on Friday, hitting $44.22. The stock had a trading volume of 5,402,301 shares, compared to its average volume of 3,612,427. 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 12 month low of $38.14 and a 12 month high of $69.00.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Monday, October 23rd were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, October 20th. This represents a $1.00 annualized dividend and a dividend yield of 2.26%. Apache’s payout ratio is 57.47%.

Several hedge funds have recently modified their holdings of the company. Dodge & Cox increased its stake in shares of Apache by 4.0% in the second quarter. Dodge & Cox now owns 29,922,731 shares of the energy company’s stock valued at $1,434,196,000 after buying an additional 1,152,395 shares during the period. Vanguard Group Inc. grew its stake in Apache by 0.5% during the second quarter. Vanguard Group Inc. now owns 26,448,494 shares of the energy company’s stock worth $1,267,676,000 after purchasing an additional 128,836 shares during the period. State Street Corp grew its stake in Apache by 0.7% during the second quarter. State Street Corp now owns 20,068,849 shares of the energy company’s stock worth $961,903,000 after purchasing an additional 130,520 shares during the period. Harris Associates L P grew its stake in Apache by 14.3% during the second quarter. Harris Associates L P now owns 18,741,407 shares of the energy company’s stock worth $898,275,000 after purchasing an additional 2,343,985 shares during the period. Finally, FMR LLC grew its stake in Apache by 2.7% during the second quarter. FMR LLC now owns 15,112,873 shares of the energy company’s stock worth $724,360,000 after purchasing an additional 404,098 shares during the period. 94.30% of the stock is owned by institutional investors.

Several brokerages recently weighed in on APA. Citigroup dropped their price objective on Apache from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Tuesday, August 15th. BidaskClub cut Apache from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. BMO Capital Markets set a $45.00 target price on Apache and gave the stock a “hold” rating in a report on Thursday, August 3rd. Barclays upped their target price on Apache from $26.00 to $30.00 and gave the stock an “underweight” rating in a report on Monday, November 20th. Finally, Scotiabank set a $52.00 target price on Apache and gave the stock a “hold” rating in a report on Friday, August 11th. Ten investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $48.06.

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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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