River & Mercantile Asset Management LLP grew its position in Apache Co. (NYSE:APA) by 11.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 236,885 shares of the energy company’s stock after purchasing an additional 24,490 shares during the period. River & Mercantile Asset Management LLP owned approximately 0.06% of Apache worth $6,217,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dodge & Cox boosted its holdings in shares of Apache by 1.1% in the third quarter. Dodge & Cox now owns 39,601,676 shares of the energy company’s stock valued at $1,887,812,000 after acquiring an additional 415,850 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Apache by 7.2% in the fourth quarter. BlackRock Inc. now owns 27,130,392 shares of the energy company’s stock valued at $712,173,000 after acquiring an additional 1,828,617 shares in the last quarter. Harris Associates L P boosted its holdings in shares of Apache by 5.8% in the fourth quarter. Harris Associates L P now owns 19,644,841 shares of the energy company’s stock valued at $515,678,000 after acquiring an additional 1,075,776 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Apache by 20.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,491,208 shares of the energy company’s stock valued at $144,156,000 after acquiring an additional 945,212 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Apache by 7.5% in the fourth quarter. Geode Capital Management LLC now owns 4,866,739 shares of the energy company’s stock valued at $127,525,000 after acquiring an additional 340,044 shares in the last quarter. Hedge funds and other institutional investors own 99.79% of the company’s stock.
Several research analysts have recently issued reports on APA shares. Royal Bank of Canada reiterated a “hold” rating and issued a $39.00 price objective on shares of Apache in a report on Monday, January 7th. Seaport Global Securities restated a “hold” rating on shares of Apache in a research report on Wednesday, January 30th. Piper Jaffray Companies restated a “hold” rating and issued a $55.00 price target on shares of Apache in a research report on Tuesday, November 27th. Bank of America assumed coverage on shares of Apache in a research report on Monday, December 3rd. They issued a “buy” rating and a $40.00 price target for the company. Finally, Raymond James restated a “buy” rating and issued a $51.00 price target on shares of Apache in a research report on Monday, December 24th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $42.32.
Apache (NYSE:APA) last announced its quarterly earnings results on Wednesday, February 27th. The energy company reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.03). Apache had a return on equity of 7.62% and a net margin of 0.54%. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter last year, the company earned $0.33 EPS. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. On average, research analysts anticipate that Apache Co. will post 0.75 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Monday, April 22nd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $1.00 annualized dividend and a dividend yield of 2.89%. Apache’s dividend payout ratio (DPR) is 56.50%.
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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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