Taylor Cottrill Erickson & Associates Inc. trimmed its position in Apache Co. (NYSE:APA) by 14.6% during the second quarter, HoldingsChannel.com reports. The firm owned 25,190 shares of the energy company’s stock after selling 4,295 shares during the quarter. Taylor Cottrill Erickson & Associates Inc.’s holdings in Apache were worth $730,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Signaturefd LLC grew its position in shares of Apache by 66.1% in the first quarter. Signaturefd LLC now owns 1,276 shares of the energy company’s stock valued at $44,000 after purchasing an additional 508 shares during the last quarter. Cribstone Capital Management LLC boosted its stake in shares of Apache by 261.3% in the first quarter. Cribstone Capital Management LLC now owns 1,355 shares of the energy company’s stock valued at $47,000 after buying an additional 980 shares during the period. NEXT Financial Group Inc boosted its stake in shares of Apache by 4,074.7% in the second quarter. NEXT Financial Group Inc now owns 3,131 shares of the energy company’s stock valued at $91,000 after buying an additional 3,056 shares during the period. Investors Research Corp bought a new stake in shares of Apache in the first quarter valued at approximately $105,000. Finally, Quadrant Capital Group LLC boosted its stake in shares of Apache by 168.9% in the first quarter. Quadrant Capital Group LLC now owns 3,329 shares of the energy company’s stock valued at $109,000 after buying an additional 2,091 shares during the period. Institutional investors own 96.38% of the company’s stock.
In other news, Director Juliet S. Ellis bought 3,500 shares of the company’s stock in a transaction on Friday, May 24th. The shares were purchased at an average price of $27.26 per share, with a total value of $95,410.00. Following the transaction, the director now directly owns 3,500 shares in the company, valued at $95,410. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP William Mark Meyer bought 2,000 shares of the company’s stock in a transaction on Friday, May 31st. The shares were purchased at an average cost of $25.92 per share, for a total transaction of $51,840.00. Following the transaction, the executive vice president now owns 2,919 shares in the company, valued at $75,660.48. The disclosure for this purchase can be found here. 0.69% of the stock is currently owned by company insiders.
NYSE APA traded down $1.13 on Wednesday, reaching $21.79. The company had a trading volume of 281,846 shares, compared to its average volume of 5,473,966. The firm has a market cap of $8.11 billion, a price-to-earnings ratio of 12.30, a price-to-earnings-growth ratio of 7.49 and a beta of 1.80. Apache Co. has a fifty-two week low of $22.51 and a fifty-two week high of $50.03. The business has a 50 day moving average price of $26.26. The company has a current ratio of 1.23, a quick ratio of 1.03 and a debt-to-equity ratio of 1.00.
Apache (NYSE:APA) last issued its quarterly earnings results on Wednesday, July 31st. The energy company reported $0.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.07. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.58 billion. Apache had a positive return on equity of 5.12% and a negative net margin of 10.12%. On average, equities research analysts forecast that Apache Co. will post 0.5 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 22nd. Investors of record on Monday, July 22nd will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, July 19th. This represents a $1.00 annualized dividend and a yield of 4.59%. Apache’s payout ratio is 56.50%.
Several equities research analysts recently issued reports on the company. Zacks Investment Research upgraded Apache from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research note on Monday, May 20th. Seaport Global Securities restated a “neutral” rating on shares of Apache in a research note on Friday, June 21st. Wolfe Research upgraded Apache from an “underperform” rating to a “peer perform” rating in a research note on Monday, June 3rd. Morgan Stanley cut their target price on Apache from $19.00 to $18.00 and set an “underweight” rating for the company in a research note on Friday, July 12th. Finally, Bank of America cut their target price on Apache from $30.00 to $29.00 and set an “underperform” rating for the company in a research note on Thursday, August 1st. Six analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company’s stock. Apache currently has a consensus rating of “Hold” and an average target price of $39.50.
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 in the Permian and Midcontinent/Gulf Coast onshore regions; and offshore assets situated in the Gulf of Mexico region.
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