NumerixS Investment Technologies Inc cut its position in shares of Apache Co. (NYSE:APA) by 93.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,442 shares of the energy company’s stock after selling 80,965 shares during the period. NumerixS Investment Technologies Inc’s holdings in Apache were worth $190,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the business. Capital Investment Advisory Services LLC acquired a new stake in Apache during the fourth quarter valued at approximately $29,000. Truehand Inc acquired a new stake in shares of Apache in the fourth quarter valued at approximately $38,000. Oregon Public Employees Retirement Fund increased its holdings in Apache by 2,492.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,087,958 shares of the energy company’s stock worth $41,000 after buying an additional 1,045,998 shares during the last quarter. Rational Advisors LLC boosted its position in shares of Apache by 12,875.0% in the fourth quarter. Rational Advisors LLC now owns 1,557 shares of the energy company’s stock valued at $41,000 after acquiring an additional 1,545 shares during the period. Finally, Signaturefd LLC lifted its position in Apache by 66.1% during the first quarter. Signaturefd LLC now owns 1,276 shares of the energy company’s stock worth $44,000 after purchasing an additional 508 shares during the period. Institutional investors and hedge funds own 96.50% of the company’s stock.
Several research analysts have recently issued reports on the company. Zacks Investment Research raised Apache from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Monday, May 20th. Citigroup increased their target price on Apache from $31.00 to $35.00 and gave the stock a “neutral” rating in a report on Wednesday, March 6th. Credit Suisse Group raised their price objective on Apache from $36.00 to $37.00 and gave the company a “neutral” rating in a research note on Thursday, February 28th. Wolfe Research raised Apache from an “underperform” rating to a “peer perform” rating in a research report on Monday, June 3rd. Finally, BMO Capital Markets raised their target price on Apache from $30.00 to $36.00 and gave the company a “market perform” rating in a research report on Friday, April 5th. Five analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the stock. Apache currently has a consensus rating of “Hold” and a consensus price target of $40.86.
Apache stock traded down $0.77 during trading hours on Wednesday, reaching $28.08. The company had a trading volume of 41,817 shares, compared to its average volume of 4,369,594. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.05 and a quick ratio of 0.87. The stock has a market capitalization of $10.54 billion, a P/E ratio of 15.84, a price-to-earnings-growth ratio of 4.67 and a beta of 1.78. Apache Co. has a 12-month low of $24.56 and a 12-month high of $50.03.
Apache (NYSE:APA) last announced its quarterly earnings results on Wednesday, May 1st. The energy company reported $0.10 EPS for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.01. The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Apache had a positive return on equity of 6.71% and a negative net margin of 2.08%. The business’s quarterly revenue was down 6.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.32 EPS. Sell-side analysts expect that Apache Co. will post 1.03 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 22nd. Shareholders of record on Monday, July 22nd will be paid a $0.25 dividend. The ex-dividend date is Friday, July 19th. This represents a $1.00 dividend on an annualized basis and a yield of 3.56%. Apache’s dividend payout ratio (DPR) is currently 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 in the Permian and Midcontinent/Gulf Coast onshore regions; and offshore assets situated in the Gulf of Mexico region.
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