Wealthfront Advisers LLC boosted its stake in Apache Co. (NYSE:APA) by 74.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 84,802 shares of the energy company’s stock after purchasing an additional 36,320 shares during the period. Wealthfront Advisers LLC’s holdings in Apache were worth $2,170,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of APA. Huntington National Bank boosted its position in Apache by 3,275.0% during the fourth quarter. Huntington National Bank now owns 1,215 shares of the energy company’s stock valued at $31,000 after acquiring an additional 1,179 shares during the last quarter. Evoke Wealth LLC bought a new stake in Apache during the third quarter valued at $32,000. Bartlett & Co. LLC boosted its position in Apache by 56.2% during the third quarter. Bartlett & Co. LLC now owns 1,390 shares of the energy company’s stock valued at $36,000 after acquiring an additional 500 shares during the last quarter. Private Capital Group LLC bought a new stake in Apache during the second quarter valued at $37,000. Finally, Parallel Advisors LLC boosted its position in Apache by 83.2% during the third quarter. Parallel Advisors LLC now owns 1,773 shares of the energy company’s stock valued at $45,000 after acquiring an additional 805 shares during the last quarter. Institutional investors and hedge funds own 95.24% of the company’s stock.
In other news, insider Wheals Rob acquired 4,505 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was acquired at an average cost of $11.06 per share, with a total value of $49,825.30. 0.69% of the stock is currently owned by corporate insiders.
Shares of NYSE APA opened at $31.74 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.07. The stock has a market cap of $12.29 billion, a price-to-earnings ratio of -12.55, a PEG ratio of 102.09 and a beta of 1.95. The company has a 50 day simple moving average of $26.01 and a two-hundred day simple moving average of $24.02. Apache Co. has a 12 month low of $18.33 and a 12 month high of $38.12.
Apache (NYSE:APA) last released its earnings results on Wednesday, October 30th. The energy company reported ($0.29) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.10). Apache had a positive return on equity of 1.08% and a negative net margin of 14.78%. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the previous year, the company earned $0.63 EPS. Analysts forecast that Apache Co. will post -0.15 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Wednesday, January 22nd will be paid a $0.25 dividend. The ex-dividend date is Tuesday, January 21st. This represents a $1.00 annualized dividend and a yield of 3.15%. Apache’s dividend payout ratio is currently 56.50%.
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.
Featured Story: 52-Week Highs and Lows
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).
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.