Apache Co. (APA) Shares Bought by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd lifted its position in Apache Co. (NYSE:APA) by 15.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 133,112 shares of the energy company’s stock after purchasing an additional 18,100 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Apache were worth $6,345,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in APA. Baillie Gifford & Co. increased its holdings in shares of Apache by 76.2% in the second quarter. Baillie Gifford & Co. now owns 24,490,129 shares of the energy company’s stock worth $1,144,913,000 after purchasing an additional 10,592,806 shares during the period. Dimensional Fund Advisors LP increased its stake in Apache by 71.0% in the second quarter. Dimensional Fund Advisors LP now owns 3,644,974 shares of the energy company’s stock valued at $170,375,000 after acquiring an additional 1,512,960 shares during the last quarter. Manitou Investment Management Ltd. bought a new position in Apache in the third quarter valued at $34,350,000. Sei Investments Co. increased its stake in Apache by 4,112.2% in the second quarter. Sei Investments Co. now owns 238,538 shares of the energy company’s stock valued at $11,152,000 after acquiring an additional 232,875 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in Apache by 38.1% in the second quarter. First Trust Advisors LP now owns 727,185 shares of the energy company’s stock valued at $33,996,000 after acquiring an additional 200,603 shares during the last quarter. 96.62% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO John J. Christmann acquired 3,900 shares of Apache stock in a transaction dated Monday, August 27th. The shares were purchased at an average cost of $43.63 per share, with a total value of $170,157.00. Following the completion of the purchase, the chief executive officer now owns 150,696 shares of the company’s stock, valued at $6,574,866.48. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Stephen J. Riney acquired 6,300 shares of Apache stock in a transaction dated Monday, August 27th. The shares were bought at an average cost of $43.51 per share, for a total transaction of $274,113.00. Following the completion of the purchase, the insider now directly owns 42,184 shares of the company’s stock, valued at approximately $1,835,425.84. The disclosure for this purchase can be found here. 0.59% of the stock is currently owned by company insiders.

A number of research analysts recently commented on the company. Stifel Nicolaus reissued a “hold” rating and issued a $49.00 target price on shares of Apache in a research note on Thursday, August 30th. Zacks Investment Research cut Apache from a “buy” rating to a “hold” rating in a research note on Monday, July 16th. TheStreet raised Apache from a “c” rating to a “b-” rating in a research note on Wednesday, August 1st. ValuEngine raised Apache from a “sell” rating to a “hold” rating in a research note on Friday, August 24th. Finally, Mizuho assumed coverage on Apache in a research note on Monday, July 23rd. They issued a “neutral” rating and a $55.00 target price on the stock. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company. Apache currently has a consensus rating of “Hold” and a consensus target price of $47.37.

Shares of NYSE:APA opened at $37.08 on Friday. Apache Co. has a 12-month low of $33.60 and a 12-month high of $50.03. The stock has a market cap of $14.35 billion, a PE ratio of 154.50, a P/E/G ratio of 2.72 and a beta of 1.35. 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 (NYSE:APA) last announced its quarterly earnings data on Wednesday, October 31st. The energy company reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.16. Apache had a return on equity of 7.71% and a net margin of 12.11%. The firm had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same period last year, the firm earned $0.04 earnings per share. The company’s revenue for the quarter was up 25.9% compared to the same quarter last year. As a group, analysts anticipate that Apache Co. will post 1.99 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 21st. Stockholders of record on Monday, October 22nd will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, October 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.70%. Apache’s dividend payout ratio (DPR) is currently 416.67%.

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About Apache

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.

Further Reading: How Do You Calculate Return on Equity (ROE)?

Institutional Ownership by Quarter for Apache (NYSE:APA)

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