Apache Co. (APA) Shares Sold by Community Bank & Trust Waco Texas

Community Bank & Trust Waco Texas trimmed its holdings in shares of Apache Co. (NYSE:APA) by 57.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,188 shares of the energy company’s stock after selling 6,904 shares during the period. Community Bank & Trust Waco Texas’ holdings in Apache were worth $219,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in APA. AXA lifted its position in Apache by 5.5% during the second quarter. AXA now owns 32,035 shares of the energy company’s stock valued at $1,535,000 after buying an additional 1,669 shares in the last quarter. Riverhead Capital Management LLC lifted its position in Apache by 9.6% during the second quarter. Riverhead Capital Management LLC now owns 11,400 shares of the energy company’s stock valued at $546,000 after buying an additional 997 shares in the last quarter. Stephens Inc. AR lifted its position in Apache by 17.4% during the second quarter. Stephens Inc. AR now owns 10,675 shares of the energy company’s stock valued at $512,000 after buying an additional 1,586 shares in the last quarter. TIAA CREF Investment Management LLC lifted its position in Apache by 1.1% during the second quarter. TIAA CREF Investment Management LLC now owns 1,271,525 shares of the energy company’s stock valued at $60,944,000 after buying an additional 13,599 shares in the last quarter. Finally, Nationwide Fund Advisors lifted its position in Apache by 1.1% during the second quarter. Nationwide Fund Advisors now owns 134,679 shares of the energy company’s stock valued at $6,455,000 after buying an additional 1,510 shares in the last quarter. 94.57% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Apache Co. (APA) traded down $0.89 during trading hours on Wednesday, hitting $46.27. 4,483,100 shares of the company were exchanged, compared to its average volume of 4,415,050. The company has a current ratio of 1.53, a quick ratio of 1.37 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $17,650.00, a price-to-earnings ratio of 26.75, a PEG ratio of 9.03 and a beta of 1.05. Apache Co. has a fifty-two week low of $38.14 and a fifty-two week high of $63.92.

Apache (NYSE:APA) last issued its quarterly earnings results on Thursday, November 2nd. The energy company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.09. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.39 billion. Apache had a net margin of 10.60% and a negative return on equity of 0.70%. The business’s revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.03) earnings per share. analysts forecast that Apache Co. will post 0.06 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 22nd. Investors of record on Monday, January 22nd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, January 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.16%. Apache’s dividend payout ratio (DPR) is presently 57.80%.

In other Apache news, Director John E. Lowe bought 3,000 shares of the stock in a transaction on Wednesday, December 13th. The stock was purchased at an average price of $40.02 per share, for a total transaction of $120,060.00. Following the completion of the purchase, the director now directly owns 15,000 shares in the company, valued at $600,300. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider P Anthony Lannie sold 19,514 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $44.04, for a total transaction of $859,396.56. Following the sale, the insider now owns 37,469 shares of the company’s stock, valued at approximately $1,650,134.76. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by insiders.

A number of research analysts have weighed in on APA shares. Morgan Stanley lifted their price target on shares of Apache from $45.00 to $46.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 18th. Scotiabank set a $49.00 price target on shares of Apache and gave the company a “hold” rating in a research report on Monday, November 13th. Bank of America lifted their price target on shares of Apache from $41.00 to $42.00 and gave the company an “underperform” rating in a research report on Monday, November 6th. BMO Capital Markets set a $45.00 price target on shares of Apache and gave the company a “hold” rating in a research report on Tuesday, October 10th. Finally, Royal Bank of Canada set a $51.00 price target on shares of Apache and gave the company a “hold” rating in a research report on Wednesday, December 20th. Ten research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $45.94.

ILLEGAL ACTIVITY WARNING: “Apache Co. (APA) Shares Sold by Community Bank & Trust Waco Texas” was reported by Transcript Daily and is the property of of Transcript Daily. If you are reading this story on another website, it was illegally copied and reposted in violation of international trademark and copyright laws. The correct version of this story can be viewed at https://transcriptdaily.com/2018/01/17/apache-co-apa-shares-sold-by-community-bank-trust-waco-texas.html.

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.

Want to see what other hedge funds are holding APA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apache Co. (NYSE:APA).

Institutional Ownership by Quarter for Apache (NYSE:APA)

Receive News & Ratings for Apache Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apache and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply