State Street Corp raised its stake in Apache Corporation (NYSE:APA) by 2.8% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 19,791,339 shares of the energy company’s stock after buying an additional 540,893 shares during the period. State Street Corp owned about 0.05% of Apache Corporation worth $1,256,156,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Bank of Hawaii acquired a new stake in shares of Apache Corporation during the second quarter valued at approximately $317,000. Mizuho Trust & Banking Co. Ltd. boosted its stake in shares of Apache Corporation by 0.9% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 649,119 shares of the energy company’s stock valued at $36,136,000 after buying an additional 5,670 shares during the period. Arrow Financial Corp boosted its stake in shares of Apache Corporation by 28.5% in the second quarter. Arrow Financial Corp now owns 25,879 shares of the energy company’s stock valued at $1,441,000 after buying an additional 5,732 shares during the period. Lee Danner & Bass Inc. boosted its stake in shares of Apache Corporation by 0.6% in the second quarter. Lee Danner & Bass Inc. now owns 74,452 shares of the energy company’s stock valued at $4,145,000 after buying an additional 450 shares during the period. Finally, State of New Jersey Common Pension Fund D boosted its stake in shares of Apache Corporation by 19.2% in the second quarter. State of New Jersey Common Pension Fund D now owns 870,000 shares of the energy company’s stock valued at $48,433,000 after buying an additional 140,000 shares during the period. 93.38% of the stock is currently owned by hedge funds and other institutional investors.
Apache Corporation (NYSE:APA) opened at 55.25 on Friday. Apache Corporation has a 12 month low of $36.09 and a 12 month high of $69.00. The firm’s market cap is $20.96 billion. The firm’s 50 day moving average is $60.58 and its 200-day moving average is $59.75.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 22nd. Shareholders of record on Friday, April 21st will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend is Wednesday, April 19th. Apache Corporation’s dividend payout ratio (DPR) is -4.42%.
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APA has been the topic of several analyst reports. Zacks Investment Research cut shares of Apache Corporation from a “buy” rating to a “hold” rating in a research report on Friday, October 28th. Howard Weil lowered shares of Apache Corporation from an “outperform” rating to a “sector perform” rating and boosted their price objective for the stock from $70.00 to $71.00 in a research note on Thursday, December 15th. Wells Fargo & Company lowered shares of Apache Corporation from an “outperform” rating to a “market perform” rating in a research note on Friday, December 16th. RBC Capital Markets restated a “hold” rating and set a $66.00 price objective on shares of Apache Corporation in a research note on Wednesday, January 4th. Finally, BMO Capital Markets restated a “hold” rating and set a $65.00 price objective on shares of Apache Corporation in a research note on Wednesday, January 11th. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $61.82.
In other Apache Corporation news, insider James L. House sold 8,000 shares of the firm’s stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $63.38, for a total value of $507,040.00. Following the transaction, the insider now directly owns 2,057 shares of the company’s stock, valued at $130,372.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.40% of the stock is currently owned by company insiders.
Apache Corporation Company Profile
Apache Corporation (Apache) is an independent energy company. Both domestically and internationally, the Company explores for, develops and produces natural gas, crude oil and natural gas liquids. The Company has exploration and production interests in four countries: the United States, Canada, Egypt, and the United Kingdom (North Sea).
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