Norinchukin Bank The Boosts Holdings in Apache Co. (APA)

Norinchukin Bank The raised its position in Apache Co. (NYSE:APA) by 7.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,353 shares of the energy company’s stock after purchasing an additional 1,957 shares during the quarter. Norinchukin Bank The’s holdings in Apache were worth $1,299,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Utah Retirement Systems increased its stake in shares of Apache by 0.6% in the second quarter. Utah Retirement Systems now owns 69,785 shares of the energy company’s stock valued at $3,345,000 after buying an additional 400 shares during the period. ARGA Investment Management LP grew its stake in Apache by 27.8% during the second quarter. ARGA Investment Management LP now owns 88,829 shares of the energy company’s stock worth $4,258,000 after purchasing an additional 19,300 shares during the period. Hosking Partners LLP grew its stake in Apache by 97.4% during the second quarter. Hosking Partners LLP now owns 90,472 shares of the energy company’s stock worth $4,336,000 after purchasing an additional 44,629 shares during the period. Mitchell Group Inc. grew its stake in Apache by 2.1% during the second quarter. Mitchell Group Inc. now owns 593,457 shares of the energy company’s stock worth $28,444,000 after purchasing an additional 12,438 shares during the period. Finally, Westpac Banking Corp grew its stake in Apache by 4.6% during the second quarter. Westpac Banking Corp now owns 158,502 shares of the energy company’s stock worth $7,597,000 after purchasing an additional 6,900 shares during the period. 93.63% of the stock is owned by institutional investors.

Shares of Apache Co. (NYSE APA) opened at $41.14 on Monday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.53 and a quick ratio of 1.37. Apache Co. has a one year low of $38.14 and a one year high of $69.00.

Apache (NYSE:APA) last announced its quarterly earnings data on Thursday, November 2nd. The energy company reported $0.04 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.09. Apache had a negative return on equity of 0.70% and a net margin of 10.60%. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter last year, the firm posted ($0.03) earnings per share. The company’s revenue for the quarter was down 3.5% compared to the same quarter last year. equities research analysts predict that Apache Co. will post 0.01 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders 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 dividend on an annualized basis and a yield of 2.43%. Apache’s dividend payout ratio (DPR) is presently 57.47%.

Several equities research analysts recently commented on the company. Zacks Investment Research cut Apache from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Jefferies Group LLC reaffirmed an “underperform” rating and set a $38.00 target price on shares of Apache in a research note on Tuesday, October 10th. Scotiabank reaffirmed a “hold” rating and set a $49.00 target price on shares of Apache in a research note on Tuesday, October 10th. Stifel Nicolaus set a $42.00 target price on Apache and gave the stock a “hold” rating in a research note on Thursday, October 5th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $55.00 target price on shares of Apache in a research note on Tuesday, November 7th. Ten investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company’s stock. Apache has a consensus rating of “Hold” and an average 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.

Institutional Ownership by Quarter for Apache (NYSE:APA)

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