OxFORD Asset Management LLP Has $485,000 Position in Apache Co. (APA)
OxFORD Asset Management LLP decreased its position in shares of Apache Co. (NYSE:APA) by 32.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,671 shares of the energy company’s stock after selling 5,173 shares during the period. OxFORD Asset Management LLP’s holdings in Apache were worth $485,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Gs Investments Inc. bought a new stake in shares of Apache in the 2nd quarter worth about $149,000. Bronfman E.L. Rothschild L.P. increased its position in shares of Apache by 410.5% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,635 shares of the energy company’s stock worth $174,000 after purchasing an additional 2,923 shares during the last quarter. Dupont Capital Management Corp bought a new stake in shares of Apache in the 2nd quarter worth about $200,000. North Star Asset Management Inc. bought a new stake in shares of Apache in the 3rd quarter worth about $206,000. Finally, Deprince Race & Zollo Inc. bought a new stake in shares of Apache in the 3rd quarter worth about $206,000. 94.56% of the stock is currently owned by hedge funds and other institutional investors.
Apache Co. (APA) opened at $42.89 on Thursday. Apache Co. has a fifty-two week low of $38.14 and a fifty-two week high of $66.66. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.53 and a quick ratio of 1.37. The company has a market cap of $16,340.00, a PE ratio of 24.79, a PEG ratio of 76.63 and a beta of 1.05.
Apache (NYSE:APA) last posted its quarterly earnings results on Thursday, November 2nd. The energy company reported $0.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.09. Apache had a net margin of 10.60% and a negative return on equity of 0.70%. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period in the previous year, the business posted ($0.03) EPS. The company’s quarterly revenue was down 3.5% on a year-over-year basis. analysts anticipate that Apache Co. will post 0.08 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Monday, January 22nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend is Friday, January 19th. Apache’s dividend payout ratio (DPR) is presently 57.80%.
Several research firms have recently weighed in on APA. Barclays reissued a “sell” rating and issued a $32.00 target price on shares of Apache in a research report on Sunday. Royal Bank of Canada set a $51.00 target price on shares of Apache and gave the stock a “hold” rating in a research report on Wednesday, December 20th. Jefferies Group set a $35.00 target price on shares of Apache and gave the stock a “sell” rating in a research report on Wednesday, December 20th. Credit Suisse Group began coverage on shares of Apache in a research report on Monday, December 11th. They issued a “neutral” rating and a $40.00 target price for the company. Finally, Scotiabank set a $49.00 target price on shares of Apache and gave the stock a “hold” rating in a research report on Monday, November 13th. Ten investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $45.94.
In other Apache news, insider P Anthony Lannie sold 19,514 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $44.04, for a total transaction of $859,396.56. Following the completion of the transaction, the insider now directly owns 37,469 shares of the company’s stock, valued at approximately $1,650,134.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John E. Lowe bought 3,000 shares of Apache stock in a transaction on Wednesday, December 13th. The shares were purchased at an average cost of $40.02 per share, with a total value of $120,060.00. Following the completion of the purchase, the director now directly owns 15,000 shares in the company, valued at $600,300. The disclosure for this purchase can be found here. Insiders own 0.48% of the company’s stock.
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Apache Corporation is an independent energy company. The Company explores for, develops, and produces natural gas, crude oil and natural gas liquids. The Company’s production segments include: the United States, Egypt and the United Kingdom North Sea. It also pursues exploration interests in Suriname.
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