New York State Teachers Retirement System cut its stake in shares of Apache Co. (NYSE:APA) by 2.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 569,504 shares of the energy company’s stock after selling 12,434 shares during the quarter. New York State Teachers Retirement System owned about 0.15% of Apache worth $26,624,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the company. Baillie Gifford & Co. increased its holdings in Apache by 76.2% in the 2nd quarter. Baillie Gifford & Co. now owns 24,490,129 shares of the energy company’s stock worth $1,144,913,000 after buying an additional 10,592,806 shares in the last quarter. Villere ST Denis J & Co. LLC increased its holdings in Apache by 28.9% in the 1st quarter. Villere ST Denis J & Co. LLC now owns 1,425,135 shares of the energy company’s stock worth $54,839,000 after buying an additional 319,645 shares in the last quarter. Anchor Capital Advisors LLC increased its holdings in Apache by 40.2% in the 1st quarter. Anchor Capital Advisors LLC now owns 1,025,030 shares of the energy company’s stock worth $39,443,000 after buying an additional 293,854 shares in the last quarter. Howard Capital Management Inc. bought a new stake in Apache in the 1st quarter worth about $9,511,000. Finally, Schroder Investment Management Group increased its holdings in Apache by 121.3% in the 1st quarter. Schroder Investment Management Group now owns 435,798 shares of the energy company’s stock worth $16,770,000 after buying an additional 238,843 shares in the last quarter.
In related news, Director John E. Lowe acquired 2,500 shares of the stock in a transaction dated Tuesday, June 5th. The shares were purchased at an average cost of $38.35 per share, with a total value of $95,875.00. Following the transaction, the director now directly owns 20,000 shares in the company, valued at $767,000. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.59% of the stock is owned by insiders.
Apache opened at $45.64 on Tuesday, Marketbeat.com reports. Apache Co. has a twelve month low of $33.60 and a twelve month high of $49.59. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.20 and a current ratio of 1.36. The stock has a market cap of $17.27 billion, a PE ratio of 190.17, a P/E/G ratio of 3.97 and a beta of 1.12.
Apache (NYSE:APA) last posted its quarterly earnings data on Wednesday, August 1st. The energy company reported $0.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.11. Apache had a return on equity of 5.21% and a net margin of 12.57%. The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.76 billion. equities analysts forecast that Apache Co. will post 1.62 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 22nd. Stockholders of record on Monday, July 23rd will be given a dividend of $0.25 per share. The ex-dividend date is Friday, July 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.19%. Apache’s payout ratio is currently 416.67%.
Several research firms recently commented on APA. Zacks Investment Research downgraded Apache from a “buy” rating to a “hold” rating in a report on Tuesday, July 10th. Morgan Stanley began coverage on Apache in a research report on Thursday, July 12th. They issued an “underweight” rating and a $42.00 target price on the stock. Cowen set a $48.00 target price on Apache and gave the stock a “hold” rating in a research report on Thursday, July 19th. Stifel Nicolaus set a $46.00 target price on Apache and gave the stock a “hold” rating in a research report on Thursday, July 19th. Finally, TheStreet raised Apache from a “c” rating to a “b-” rating in a research report on Wednesday, August 1st. Eight analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. Apache currently has an average rating of “Hold” and an average price target of $43.13.
Apache Company 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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