Gabelli Funds LLC Has $10.67 Million Holdings in Apache Co. (APA)

Gabelli Funds LLC lowered its stake in shares of Apache Co. (NYSE:APA) by 1.5% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 223,900 shares of the energy company’s stock after selling 3,500 shares during the period. Gabelli Funds LLC owned approximately 0.06% of Apache worth $10,673,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Boston Common Asset Management LLC lifted its position in shares of Apache by 3.9% during the 2nd quarter. Boston Common Asset Management LLC now owns 29,547 shares of the energy company’s stock worth $1,381,000 after buying an additional 1,120 shares in the last quarter. Butensky & Cohen Financial Security Inc. lifted its position in shares of Apache by 4.5% during the 2nd quarter. Butensky & Cohen Financial Security Inc. now owns 26,455 shares of the energy company’s stock worth $1,237,000 after buying an additional 1,150 shares in the last quarter. World Asset Management Inc lifted its position in shares of Apache by 4.6% during the 2nd quarter. World Asset Management Inc now owns 26,245 shares of the energy company’s stock worth $1,227,000 after buying an additional 1,154 shares in the last quarter. Guinness Atkinson Asset Management Inc lifted its position in shares of Apache by 4.9% during the 2nd quarter. Guinness Atkinson Asset Management Inc now owns 25,509 shares of the energy company’s stock worth $1,193,000 after buying an additional 1,200 shares in the last quarter. Finally, Donald L. Hagan LLC lifted its position in shares of Apache by 4.0% during the 2nd quarter. Donald L. Hagan LLC now owns 32,083 shares of the energy company’s stock worth $1,500,000 after buying an additional 1,227 shares in the last quarter. Institutional investors and hedge funds own 96.62% of the company’s stock.

In other Apache news, insider Stephen J. Riney acquired 6,300 shares of Apache stock in a transaction that occurred on Monday, August 27th. The stock was acquired at an average cost of $43.51 per share, for a total transaction of $274,113.00. Following the purchase, the insider now owns 42,184 shares of the company’s stock, valued at $1,835,425.84. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Rebecca A. Hoyt sold 6,111 shares of Apache stock in a transaction that occurred on Thursday, September 27th. The shares were sold at an average price of $47.48, for a total transaction of $290,150.28. Following the completion of the transaction, the insider now owns 30,548 shares of the company’s stock, valued at $1,450,419.04. The disclosure for this sale can be found here. Insiders own 0.59% of the company’s stock.

APA has been the topic of several recent analyst reports. TheStreet raised shares of Apache from a “c” rating to a “b-” rating in a research report on Wednesday, August 1st. KLR Group reissued a “buy” rating and set a $54.00 target price on shares of Apache in a research report on Monday, August 20th. Stephens set a $55.00 target price on shares of Apache and gave the stock a “buy” rating in a research report on Monday, September 24th. Zacks Investment Research raised shares of Apache from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research report on Thursday, September 27th. Finally, Raymond James reissued a “buy” rating and set a $65.00 target price on shares of Apache in a research report on Thursday, November 1st. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company. Apache presently has a consensus rating of “Hold” and a consensus target price of $47.37.

NYSE:APA opened at $37.08 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.10 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $14.35 billion, a P/E ratio of 154.50, a P/E/G ratio of 2.72 and a beta of 1.35. Apache Co. has a 12 month low of $33.60 and a 12 month high of $50.03.

Apache (NYSE:APA) last posted its quarterly earnings results on Wednesday, October 31st. The energy company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.16. The company had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.89 billion. Apache had a net margin of 12.11% and a return on equity of 7.71%. Apache’s revenue was up 25.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.04 EPS. As a group, sell-side analysts expect that Apache Co. will post 1.99 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 21st. Investors of record on Monday, October 22nd will be issued a $0.25 dividend. 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 presently 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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