Dimensional Fund Advisors LP Buys 94,324 Shares of Apache Co. (APA)

Dimensional Fund Advisors LP boosted its stake in Apache Co. (NYSE:APA) by 4.6% in the 1st quarter, HoldingsChannel reports. The firm owned 2,132,014 shares of the energy company’s stock after buying an additional 94,324 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Apache were worth $82,040,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Norinchukin Bank The grew its stake in shares of Apache by 14.8% during the first quarter. Norinchukin Bank The now owns 34,952 shares of the energy company’s stock valued at $1,345,000 after acquiring an additional 4,495 shares in the last quarter. IBM Retirement Fund grew its stake in shares of Apache by 40.4% during the first quarter. IBM Retirement Fund now owns 8,387 shares of the energy company’s stock valued at $323,000 after acquiring an additional 2,414 shares in the last quarter. Evergreen Capital Management LLC acquired a new stake in shares of Apache during the first quarter valued at about $1,061,000. New York State Common Retirement Fund grew its stake in shares of Apache by 5.3% during the first quarter. New York State Common Retirement Fund now owns 1,441,823 shares of the energy company’s stock valued at $55,481,000 after acquiring an additional 72,835 shares in the last quarter. Finally, First Republic Investment Management Inc. grew its stake in shares of Apache by 11.0% during the first quarter. First Republic Investment Management Inc. now owns 33,674 shares of the energy company’s stock valued at $1,296,000 after acquiring an additional 3,349 shares in the last quarter. Hedge funds and other institutional investors own 98.28% of the company’s stock.

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Several analysts have recently weighed in on APA shares. Mitsubishi UFJ Financial Group upgraded Apache from a “neutral” rating to an “overweight” rating in a research note on Tuesday, February 27th. UBS Group started coverage on Apache in a research note on Wednesday, March 7th. They set a “sell” rating and a $34.00 target price for the company. Royal Bank of Canada restated a “hold” rating and set a $45.00 target price on shares of Apache in a research note on Monday, March 5th. Credit Suisse Group restated a “neutral” rating and set a $39.00 target price (down from $43.00) on shares of Apache in a research note on Friday, February 23rd. Finally, Stifel Nicolaus set a $48.00 target price on Apache and gave the company a “hold” rating in a research note on Wednesday, March 28th. Ten equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. Apache currently has a consensus rating of “Hold” and an average target price of $42.06.

Shares of NYSE APA opened at $43.32 on Thursday. The company has a current ratio of 1.39, a quick ratio of 1.22 and a debt-to-equity ratio of 0.89. Apache Co. has a 52-week low of $33.60 and a 52-week high of $51.21. The stock has a market capitalization of $17.04 billion, a price-to-earnings ratio of 180.50, a price-to-earnings-growth ratio of 4.05 and a beta of 1.06.

Apache (NYSE:APA) last released its quarterly earnings results on Wednesday, May 2nd. The energy company reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.06. The company had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Apache had a return on equity of 2.16% and a net margin of 19.67%. During the same quarter in the previous year, the company posted $0.08 earnings per share. analysts anticipate that Apache Co. will post 1.57 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 22nd. Stockholders of record on Monday, July 23rd will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, July 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.31%. Apache’s dividend payout ratio (DPR) is presently 416.67%.

In other Apache news, Director John E. Lowe purchased 2,500 shares of the business’s stock in a transaction dated Tuesday, June 5th. The shares were bought at an average price of $38.35 per share, with a total value of $95,875.00. Following the completion of the acquisition, the director now owns 20,000 shares in the company, valued at approximately $767,000. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.59% of the company’s stock.

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 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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