Apache Co. (APA) Shares Bought by Valeo Financial Advisors LLC
Valeo Financial Advisors LLC lifted its stake in shares of Apache Co. (NYSE:APA) by 120.3% during the 4th quarter, Holdings Channel reports. The firm owned 6,485 shares of the energy company’s stock after buying an additional 3,541 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Apache were worth $274,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the company. Virtu Financial LLC bought a new position in shares of Apache during the fourth quarter worth about $1,358,000. Tower Research Capital LLC TRC bought a new position in shares of Apache during the fourth quarter worth about $264,000. BlackRock Inc. lifted its position in shares of Apache by 0.5% during the fourth quarter. BlackRock Inc. now owns 25,438,112 shares of the energy company’s stock worth $1,073,997,000 after purchasing an additional 116,095 shares during the last quarter. Schroder Investment Management Group lifted its position in shares of Apache by 10,727.7% during the fourth quarter. Schroder Investment Management Group now owns 196,955 shares of the energy company’s stock worth $8,315,000 after purchasing an additional 195,136 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Apache by 1.1% during the fourth quarter. Bank of New York Mellon Corp now owns 3,014,831 shares of the energy company’s stock worth $127,285,000 after purchasing an additional 34,091 shares during the last quarter. 94.65% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have recently commented on APA. ValuEngine cut shares of Apache from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Stifel Nicolaus set a $41.00 price target on shares of Apache and gave the stock a “hold” rating in a research report on Tuesday, January 30th. Credit Suisse Group began coverage on shares of Apache in a report on Monday, December 11th. They issued a “neutral” rating and a $40.00 target price on the stock. Barclays raised their target price on shares of Apache from $26.00 to $30.00 and gave the stock an “underweight” rating in a report on Monday, November 20th. Finally, Jefferies Group set a $35.00 target price on shares of Apache and gave the stock a “sell” rating in a report on Wednesday, December 20th. Nine equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $45.69.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 22nd. Stockholders of record on Monday, April 23rd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, April 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.61%. Apache’s dividend payout ratio (DPR) is presently 57.47%.
In other Apache news, Director John E. Lowe purchased 3,000 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were bought 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 owns 15,000 shares in the company, valued at approximately $600,300. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider P Anthony Lannie sold 19,514 shares of Apache stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $44.04, for a total value of $859,396.56. Following the sale, 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. Insiders own 0.48% of the company’s stock.
WARNING: This piece of content was originally reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright legislation. The correct version of this piece of content can be read at https://theolympiareport.com/2018/02/21/apache-co-apa-shares-bought-by-valeo-financial-advisors-llc.html.
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.
Want to see what other hedge funds are holding APA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apache Co. (NYSE:APA).
Receive News & Ratings for Apache Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apache and related companies with MarketBeat.com's FREE daily email newsletter.