King Luther Capital Management Corp Buys New Position in Apache Co. (NYSE:APA)

King Luther Capital Management Corp purchased a new stake in Apache Co. (NYSE:APA) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 7,325 shares of the energy company’s stock, valued at approximately $254,000.

Other institutional investors also recently modified their holdings of the company. Strs Ohio lifted its stake in Apache by 1.3% in the 1st quarter. Strs Ohio now owns 324,296 shares of the energy company’s stock valued at $11,240,000 after buying an additional 4,299 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Apache by 569.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 268,390 shares of the energy company’s stock valued at $9,302,000 after acquiring an additional 228,284 shares during the last quarter. South Dakota Investment Council increased its holdings in shares of Apache by 6.6% during the 1st quarter. South Dakota Investment Council now owns 598,755 shares of the energy company’s stock worth $20,753,000 after buying an additional 37,318 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Apache by 12.6% during the 1st quarter. Nisa Investment Advisors LLC now owns 73,012 shares of the energy company’s stock worth $2,531,000 after buying an additional 8,150 shares during the last quarter. Finally, Lantz Financial LLC acquired a new stake in shares of Apache during the 1st quarter worth approximately $243,000. 96.46% of the stock is currently owned by hedge funds and other institutional investors.

In other Apache news, Director John E. Lowe acquired 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was acquired at an average cost of $30.25 per share, for a total transaction of $151,250.00. Following the transaction, the director now owns 25,000 shares of the company’s stock, valued at $756,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Juliet S. Ellis purchased 3,500 shares of Apache stock in a transaction on Friday, May 24th. The shares were purchased at an average cost of $27.26 per share, with a total value of $95,410.00. Following the transaction, the director now owns 3,500 shares in the company, valued at $95,410. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 10,500 shares of company stock worth $298,500. 0.69% of the stock is owned by corporate insiders.

Shares of NYSE:APA traded up $0.23 during trading on Monday, reaching $29.20. The stock had a trading volume of 3,567,510 shares, compared to its average volume of 4,309,729. Apache Co. has a 52 week low of $24.56 and a 52 week high of $50.03. The stock has a market capitalization of $11.14 billion, a price-to-earnings ratio of 16.50, a price-to-earnings-growth ratio of 4.83 and a beta of 1.79. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.05 and a quick ratio of 0.87. The firm’s fifty day moving average is $28.59.

Apache (NYSE:APA) last released its quarterly earnings results on Wednesday, May 1st. The energy company reported $0.10 EPS for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.01. Apache had a negative net margin of 2.08% and a positive return on equity of 6.71%. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter last year, the firm posted $0.32 earnings per share. The company’s quarterly revenue was down 6.4% compared to the same quarter last year. On average, equities analysts expect that Apache Co. will post 1 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 22nd. Investors of record on Monday, July 22nd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, July 19th. This represents a $1.00 annualized dividend and a yield of 3.42%. Apache’s dividend payout ratio (DPR) is 56.50%.

APA has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Apache from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a report on Tuesday, April 9th. BMO Capital Markets lifted their price objective on shares of Apache from $30.00 to $36.00 and gave the stock a “market perform” rating in a research report on Friday, April 5th. Citigroup lifted their price target on shares of Apache from $31.00 to $35.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 6th. Seaport Global Securities restated a “neutral” rating on shares of Apache in a research note on Friday, June 21st. Finally, Wolfe Research upgraded shares of Apache from an “underperform” rating to a “peer perform” rating in a research note on Monday, June 3rd. Five analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $40.48.

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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