Clearbridge Investments LLC lowered its position in Apache Co. (NYSE:APA) by 6.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,470,612 shares of the energy company’s stock after selling 99,918 shares during the quarter. Clearbridge Investments LLC owned approximately 0.39% of Apache worth $62,089,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Valeo Financial Advisors LLC bought a new stake in shares of Apache during the 3rd quarter worth about $135,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Apache during the 3rd quarter worth about $134,000. Pinebridge Investments L.P. boosted its stake in shares of Apache by 176.1% during the 4th quarter. Pinebridge Investments L.P. now owns 3,495 shares of the energy company’s stock worth $148,000 after acquiring an additional 2,229 shares in the last quarter. Deprince Race & Zollo Inc. bought a new stake in shares of Apache during the 3rd quarter worth about $206,000. Finally, SevenBridge Financial Group LLC boosted its stake in shares of Apache by 83.3% during the 3rd quarter. SevenBridge Financial Group LLC now owns 4,551 shares of the energy company’s stock worth $208,000 after acquiring an additional 2,068 shares in the last quarter. Hedge funds and other institutional investors own 96.22% of the company’s stock.
In other news, Director John E. Lowe purchased 2,500 shares of the business’s stock in a transaction on Friday, March 2nd. The stock was purchased at an average price of $33.80 per share, with a total value of $84,500.00. Following the acquisition, the director now directly owns 17,500 shares in the company, valued at approximately $591,500. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.48% of the company’s stock.
Apache Co. (NYSE:APA) opened at $35.46 on Wednesday. Apache Co. has a 12-month low of $33.60 and a 12-month high of $54.64. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.31 and a current ratio of 1.45. The firm has a market capitalization of $13,507.07, a PE ratio of 10.40, a P/E/G ratio of 3.24 and a beta of 1.25.
Apache (NYSE:APA) last posted its quarterly earnings results on Thursday, February 22nd. The energy company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.21 by $0.12. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Apache had a return on equity of 1.11% and a net margin of 20.32%. During the same quarter in the prior year, the firm posted ($0.06) EPS. analysts forecast that Apache Co. will post 1.56 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 22nd. Shareholders of record on Monday, April 23rd will be issued a $0.25 dividend. The ex-dividend date is Friday, April 20th. This represents a $1.00 annualized dividend and a yield of 2.82%. Apache’s dividend payout ratio (DPR) is 29.33%.
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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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