Tyers Asset Management LLC trimmed its stake in Apache Co. (NYSE:APA) by 33.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,056 shares of the energy company’s stock after selling 10,752 shares during the period. Tyers Asset Management LLC’s holdings in Apache were worth $610,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of APA. Geode Capital Management LLC boosted its stake in Apache by 7.5% during the 4th quarter. Geode Capital Management LLC now owns 4,866,739 shares of the energy company’s stock worth $127,525,000 after purchasing an additional 340,044 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Apache by 1.5% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,612,432 shares of the energy company’s stock worth $75,683,000 after purchasing an additional 39,854 shares during the period. New York State Common Retirement Fund boosted its stake in Apache by 28.0% during the 1st quarter. New York State Common Retirement Fund now owns 1,617,156 shares of the energy company’s stock worth $56,051,000 after purchasing an additional 353,550 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its stake in Apache by 1.6% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,518,352 shares of the energy company’s stock worth $43,486,000 after purchasing an additional 23,787 shares during the period. Finally, Swiss National Bank boosted its stake in Apache by 1.9% during the 1st quarter. Swiss National Bank now owns 1,267,632 shares of the energy company’s stock worth $43,936,000 after purchasing an additional 23,400 shares during the period. 95.30% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE APA traded up $0.27 during midday trading on Friday, hitting $24.11. The company had a trading volume of 102,333 shares, compared to its average volume of 4,616,095. The company has a quick ratio of 1.03, a current ratio of 1.23 and a debt-to-equity ratio of 1.00. Apache Co. has a twelve month low of $19.44 and a twelve month high of $50.03. The business has a 50-day simple moving average of $22.32 and a two-hundred day simple moving average of $28.85. The firm has a market capitalization of $9.17 billion, a price-to-earnings ratio of 13.67, a price-to-earnings-growth ratio of 16.53 and a beta of 1.84.

Apache (NYSE:APA) last announced its quarterly earnings data 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. Apache had a negative net margin of 10.12% and a positive return on equity of 5.12%. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.58 billion. On average, equities analysts forecast that Apache Co. will post 0.24 EPS for the current year.

In related news, Director John E. Lowe acquired 5,000 shares of Apache stock in a transaction that occurred on Wednesday, August 7th. The stock was purchased at an average price of $21.83 per share, for a total transaction of $109,150.00. Following the completion of the purchase, the director now directly owns 30,000 shares of the company’s stock, valued at $654,900. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 0.69% of the stock is owned by company insiders.

APA has been the subject of a number of recent research reports. Morgan Stanley decreased their price target on shares of Apache from $19.00 to $18.00 and set an “underweight” rating for the company in a research note on Friday, July 12th. ValuEngine upgraded shares of Apache from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 1st. Wolfe Research upgraded shares of Apache from an “underperform” rating to a “peer perform” rating in a research note on Monday, June 3rd. TheStreet cut shares of Apache from a “c-” rating to a “d+” rating in a research note on Tuesday, September 3rd. Finally, Bank of America reduced their target price on shares of Apache from $30.00 to $29.00 and set an “underperform” rating for the company in a research note on Thursday, August 1st. Six research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $35.61.

Apache 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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