First Trust Advisors LP Increases Stock Holdings in Apache Co. (NYSE:APA)

First Trust Advisors LP lifted its stake in shares of Apache Co. (NYSE:APA) by 24.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 621,358 shares of the energy company’s stock after buying an additional 123,515 shares during the period. First Trust Advisors LP owned about 0.17% of Apache worth $15,907,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in Apache by 1.7% during the second quarter. Vanguard Group Inc. now owns 42,493,393 shares of the energy company’s stock worth $1,231,034,000 after acquiring an additional 720,427 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Apache by 1.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 2,612,432 shares of the energy company’s stock worth $75,683,000 after acquiring an additional 39,854 shares during the period. UBS Asset Management Americas Inc. lifted its holdings in Apache by 90.7% during the second quarter. UBS Asset Management Americas Inc. now owns 2,442,575 shares of the energy company’s stock worth $70,761,000 after acquiring an additional 1,161,627 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Apache by 18.5% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,662,416 shares of the energy company’s stock worth $42,558,000 after acquiring an additional 259,616 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Apache by 1.6% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,518,352 shares of the energy company’s stock worth $43,486,000 after acquiring an additional 23,787 shares during the period. Institutional investors and hedge funds own 95.18% of the company’s stock.

Shares of APA opened at $23.91 on Friday. The firm has a market cap of $8.76 billion, a PE ratio of 101.30 and a beta of 1.87. The stock’s fifty day moving average price is $22.99 and its two-hundred day moving average price is $25.35. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.03 and a quick ratio of 1.03. Apache Co. has a 1 year low of $19.44 and a 1 year high of $38.12.

Apache (NYSE:APA) last issued its earnings results on Wednesday, October 30th. The energy company reported ($0.29) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by ($0.10). The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.43 billion. Apache had a negative net margin of 14.78% and a positive return on equity of 1.08%. During the same quarter in the previous year, the firm earned $0.63 earnings per share. Sell-side analysts anticipate that Apache Co. will post -0.13 earnings per share for the current fiscal year.

The business also recently disclosed a — dividend, which will be paid on Friday, November 22nd. Investors of record on Tuesday, October 22nd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, October 21st. This represents a dividend yield of 4.1%. Apache’s payout ratio is 56.50%.

A number of analysts recently commented on APA shares. SunTrust Banks started coverage on Apache in a report on Monday, September 23rd. They set a “buy” rating and a $32.00 price target on the stock. Argus lowered Apache from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Morgan Stanley dropped their price target on Apache from $17.00 to $15.00 and set an “underweight” rating on the stock in a report on Friday, October 4th. KeyCorp started coverage on Apache in a report on Monday, October 28th. They set a “sector weight” rating on the stock. Finally, TheStreet lowered Apache from a “c-” rating to a “d+” rating in a report on Tuesday, September 3rd. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $31.71.

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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Institutional Ownership by Quarter for Apache (NYSE:APA)

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