Cerebellum GP LLC Purchases New Holdings in Apache Co. (APA)
Cerebellum GP LLC purchased a new stake in Apache Co. (NYSE:APA) in the 4th quarter, HoldingsChannel reports. The fund purchased 37,234 shares of the energy company’s stock, valued at approximately $1,572,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in APA. Steward Partners Investment Advisory LLC acquired a new stake in Apache in the 3rd quarter valued at $134,000. Valeo Financial Advisors LLC acquired a new stake in shares of Apache during the third quarter valued at about $135,000. Gs Investments Inc. acquired a new stake in shares of Apache during the second quarter valued at about $149,000. North Star Asset Management Inc. acquired a new stake in shares of Apache during the third quarter valued at about $206,000. Finally, Deprince Race & Zollo Inc. acquired a new stake in shares of Apache during the third quarter valued at about $206,000. Hedge funds and other institutional investors own 94.70% of the company’s stock.
Shares of Apache Co. (NYSE APA) traded up $1.61 during mid-day trading on Tuesday, hitting $47.66. 3,190,800 shares of the stock traded hands, compared to its average volume of 4,017,143. The company has a quick ratio of 1.37, a current ratio of 1.53 and a debt-to-equity ratio of 0.95. Apache Co. has a twelve month low of $38.14 and a twelve month high of $62.75. The company has a market capitalization of $18,170.00, a PE ratio of 27.55, a price-to-earnings-growth ratio of 8.54 and a beta of 1.05.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Monday, January 22nd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, January 19th. This represents a $1.00 annualized dividend and a dividend yield of 2.10%. Apache’s payout ratio is 57.80%.
In other Apache news, Director John E. Lowe bought 3,000 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were purchased at an average price of $40.02 per share, with a total value of $120,060.00. Following the completion of the acquisition, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $600,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider P Anthony Lannie sold 19,514 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was 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 in the company, valued at approximately $1,650,134.76. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.
Several analysts have recently weighed in on the company. Scotiabank restated a “hold” rating and set a $49.00 target price on shares of Apache in a research note on Tuesday, October 10th. Barclays raised their target price on Apache from $26.00 to $30.00 and gave the company an “underweight” rating in a research note on Monday, November 20th. BMO Capital Markets restated a “hold” rating and set a $42.00 target price on shares of Apache in a research note on Tuesday, November 7th. Credit Suisse Group assumed coverage on Apache in a research note on Monday, December 11th. They set a “neutral” rating and a $40.00 target price for the company. Finally, Jefferies Group set a $35.00 target price on Apache and gave the company a “sell” rating in a research note on Wednesday, December 20th. Ten research analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $45.94.
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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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