Shelter Mutual Insurance Co trimmed its stake in shares of Apache Co. (NYSE:APA) by 8.7% during the second quarter, HoldingsChannel reports. The fund owned 114,540 shares of the energy company’s stock after selling 10,960 shares during the period. Shelter Mutual Insurance Co’s holdings in Apache were worth $3,318,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of APA. Signaturefd LLC raised its position in shares of Apache by 66.1% in the 1st quarter. Signaturefd LLC now owns 1,276 shares of the energy company’s stock valued at $44,000 after buying an additional 508 shares in the last quarter. Investors Research Corp bought a new position in shares of Apache in the first quarter valued at $105,000. NEXT Financial Group Inc lifted its stake in shares of Apache by 4,074.7% in the second quarter. NEXT Financial Group Inc now owns 3,131 shares of the energy company’s stock valued at $91,000 after buying an additional 3,056 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of Apache in the first quarter valued at $114,000. Finally, Quadrant Capital Group LLC lifted its stake in shares of Apache by 168.9% in the first quarter. Quadrant Capital Group LLC now owns 3,329 shares of the energy company’s stock valued at $109,000 after buying an additional 2,091 shares in the last quarter. Institutional investors and hedge funds own 96.42% of the company’s stock.

Shares of APA stock traded down $0.22 on Thursday, hitting $19.86. The stock had a trading volume of 2,200,309 shares, compared to its average volume of 5,691,809. The company’s 50 day moving average is $25.09. The company has a market cap of $8.11 billion, a PE ratio of 11.22, a price-to-earnings-growth ratio of 8.62 and a beta of 1.80. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.03 and a current ratio of 1.23. Apache Co. has a 12-month low of $20.08 and a 12-month high of $50.03.

Apache (NYSE:APA) last announced its earnings results on Wednesday, July 31st. The energy company reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.07. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.58 billion. Apache had a negative net margin of 10.12% and a positive return on equity of 5.12%. As a group, equities analysts forecast that Apache Co. will post 0.38 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 22nd. Investors of record on Monday, July 22nd will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, July 19th. This represents a $1.00 dividend on an annualized basis and a yield of 5.04%. Apache’s dividend payout ratio (DPR) is presently 56.50%.

A number of research analysts have weighed in on the stock. ValuEngine raised shares of Apache from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 1st. Seaport Global Securities reaffirmed a “neutral” rating on shares of Apache in a research note on Friday, June 21st. Bank of America dropped their price objective on shares of Apache from $30.00 to $29.00 and set an “underperform” rating on the stock in a research note on Thursday, August 1st. Zacks Investment Research raised shares of Apache from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research note on Monday, May 20th. Finally, Wolfe Research raised shares of Apache from an “underperform” rating to a “peer perform” rating in a research note on Monday, June 3rd. Six analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $37.26.

In other Apache news, EVP William Mark Meyer bought 2,000 shares of the business’s stock in a transaction on Friday, May 31st. The stock was purchased at an average price of $25.92 per share, for a total transaction of $51,840.00. Following the completion of the transaction, the executive vice president now directly owns 2,919 shares of the company’s stock, valued at $75,660.48. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John E. Lowe bought 5,000 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were acquired at an average price of $21.83 per share, with a total value of $109,150.00. Following the transaction, the director now directly owns 30,000 shares of the company’s stock, valued at $654,900. The disclosure for this purchase can be found here. Insiders have purchased 10,500 shares of company stock valued at $256,400 in the last 90 days. 0.69% of the stock is currently owned by corporate insiders.

Apache Company Profile

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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