TIAA CREF Trust Co. FSB MO increased its stake in Apache Co. (NYSE:APA) by 9.3% during the first quarter, Holdings Channel reports. The firm owned 140,121 shares of the energy company’s stock after buying an additional 11,900 shares during the period. TIAA CREF Trust Co. FSB MO’s holdings in Apache were worth $7,201,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in APA. Pinnacle Bank bought a new stake in Apache during the first quarter valued at approximately $100,000. Parallel Advisors LLC bought a new stake in Apache during the fourth quarter valued at approximately $139,000. JNBA Financial Advisors boosted its stake in Apache by 392.9% in the fourth quarter. JNBA Financial Advisors now owns 2,558 shares of the energy company’s stock valued at $162,000 after buying an additional 2,039 shares during the period. State of Alaska Department of Revenue bought a new stake in Apache during the first quarter valued at approximately $135,000. Finally, Spirit of America Management Corp NY boosted its stake in Apache by 50.0% in the first quarter. Spirit of America Management Corp NY now owns 3,000 shares of the energy company’s stock valued at $154,000 after buying an additional 1,000 shares during the period. Institutional investors and hedge funds own 93.38% of the company’s stock.
Apache Co. (NYSE:APA) traded up 1.10% during mid-day trading on Friday, reaching $50.47. The company’s stock had a trading volume of 1,261,033 shares. Apache Co. has a 1-year low of $46.09 and a 1-year high of $69.00. The firm has a 50 day moving average price of $50.67 and a 200-day moving average price of $57.02. The company’s market capitalization is $19.20 billion.
Apache (NYSE:APA) last issued its quarterly earnings results on Thursday, May 4th. The energy company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.08. Apache had a negative net margin of 166.56% and a negative return on equity of 4.70%. The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the business posted ($0.40) earnings per share. On average, equities analysts predict that Apache Co. will post $1.02 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 22nd. Investors of record on Friday, July 21st will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date is Wednesday, July 19th. Apache’s payout ratio is -4.42%.
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Several research firms have recently commented on APA. Scotiabank restated a “hold” rating and set a $58.00 price target on shares of Apache in a research note on Monday. Jefferies Group LLC restated a “sell” rating and set a $40.00 price target on shares of Apache in a research note on Wednesday. Zacks Investment Research upgraded Apache from a “sell” rating to a “hold” rating in a research note on Wednesday, May 10th. BMO Capital Markets restated a “hold” rating and set a $53.00 price target on shares of Apache in a research note on Monday. Finally, Bank of America Corp restated a “buy” rating and set a $57.00 price target (down previously from $60.00) on shares of Apache in a research note on Thursday, May 11th. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $60.00.
In related news, Director Rene R. Joyce bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were acquired at an average cost of $51.38 per share, for a total transaction of $513,800.00. Following the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $513,800. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.40% of the company’s stock.
Apache Corporation is an independent energy company. The Company explores for, develops, and produces natural gas, crude oil and natural gas liquids. It has production in four segments: the United States, Canada, Egypt and the United Kingdom North Sea. It also pursues exploration interests in Suriname.
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