Wealthfront Advisers LLC Has $2.17 Million Stake in Apache Co. (NYSE:APA)

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.

APA has been the topic of a number of research analyst reports. Susquehanna Bancshares initiated coverage on shares of Apache in a research report on Tuesday, January 14th. They set a “positive” rating and a $38.00 price target on the stock. Mitsubishi UFJ Financial Group reaffirmed a “neutral” rating and set a $28.00 price target (down previously from $39.00) on shares of Apache in a research report on Tuesday, October 8th. Bank of America raised shares of Apache from a “neutral” rating to a “buy” rating and upped their price target for the company from $28.00 to $36.00 in a research report on Tuesday, January 7th. Barclays raised shares of Apache from an “underweight” rating to an “equal weight” rating and set a $34.00 price target on the stock in a research report on Thursday, January 9th. Finally, Mizuho increased their price objective on shares of Apache from $24.00 to $34.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 14th. Thirteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $31.07.

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%.

About Apache

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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