Cambridge Investment Research Advisors Inc. acquired a new stake in Apache Corporation (NYSE:APA) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 21,275 shares of the energy company’s stock, valued at approximately $1,020,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in shares of Apache Corporation by 3,551.6% in the first quarter. BlackRock Inc. now owns 29,003,850 shares of the energy company’s stock valued at $1,490,509,000 after acquiring an additional 28,209,565 shares in the last quarter. Vanguard Group Inc. raised its holdings in Apache Corporation by 2.4% in the first quarter. Vanguard Group Inc. now owns 26,319,658 shares of the energy company’s stock worth $1,352,568,000 after purchasing an additional 626,822 shares in the last quarter. State Street Corp raised its holdings in Apache Corporation by 0.7% in the first quarter. State Street Corp now owns 19,938,329 shares of the energy company’s stock worth $1,024,633,000 after purchasing an additional 146,990 shares in the last quarter. Harris Associates L P raised its holdings in Apache Corporation by 16.4% in the first quarter. Harris Associates L P now owns 16,397,422 shares of the energy company’s stock worth $842,663,000 after purchasing an additional 2,307,915 shares in the last quarter. Finally, FIL Ltd raised its holdings in Apache Corporation by 1.0% in the first quarter. FIL Ltd now owns 5,187,065 shares of the energy company’s stock worth $266,563,000 after purchasing an additional 49,710 shares in the last quarter. Hedge funds and other institutional investors own 95.05% of the company’s stock.

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Apache Corporation (NYSE:APA) opened at 39.48 on Tuesday. The company has a 50-day moving average price of $44.15 and a 200 day moving average price of $48.51. Apache Corporation has a 1-year low of $38.14 and a 1-year high of $69.00. The firm’s market capitalization is $15.04 billion.

Apache Corporation (NYSE:APA) last released its quarterly earnings results on Thursday, August 3rd. The energy company reported ($0.21) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.22. Apache Corporation had a negative return on equity of 1.03% and a negative net margin of 0.07%. The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same period last year, the firm earned ($0.26) earnings per share. The business’s revenue was up .1% compared to the same quarter last year. Analysts expect that Apache Corporation will post $0.04 earnings per share for the current fiscal year.

A number of equities analysts have commented on the stock. Scotiabank set a $50.00 target price on shares of Apache Corporation and gave the stock a “hold” rating in a report on Saturday, July 1st. BidaskClub downgraded shares of Apache Corporation from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Citigroup Inc. reduced their target price on shares of Apache Corporation from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Tuesday, August 15th. BMO Capital Markets set a $45.00 target price on shares of Apache Corporation and gave the stock a “hold” rating in a report on Thursday, August 3rd. Finally, Royal Bank Of Canada set a $55.00 target price on shares of Apache Corporation and gave the stock a “hold” rating in a report on Thursday, August 24th. Eight equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the company. Apache Corporation presently has an average rating of “Hold” and a consensus price target of $56.27.

In other Apache Corporation news, Director John E. Lowe bought 2,000 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was purchased at an average cost of $40.32 per share, for a total transaction of $80,640.00. Following the completion of the purchase, the director now owns 12,000 shares of the company’s stock, valued at approximately $483,840. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John E. Lowe bought 2,500 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was acquired at an average price of $44.90 per share, with a total value of $112,250.00. Following the completion of the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $449,000. The disclosure for this purchase can be found here. Over the last three months, insiders bought 5,500 shares of company stock valued at $235,094. Insiders own 0.48% of the company’s stock.

Apache Corporation Company Profile

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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Institutional Ownership by Quarter for Apache Corporation (NYSE:APA)

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