Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Apache Co. (NYSE:APA) by 18.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,662,416 shares of the energy company’s stock after acquiring an additional 259,616 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.44% of Apache worth $42,558,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in APA. FMR LLC increased its stake in shares of Apache by 11.4% in the first quarter. FMR LLC now owns 1,228,048 shares of the energy company’s stock worth $42,564,000 after acquiring an additional 125,520 shares during the period. Amundi Pioneer Asset Management Inc. boosted its holdings in Apache by 15.9% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 318,087 shares of the energy company’s stock worth $11,024,000 after buying an additional 43,722 shares in the last quarter. Park National Corp OH boosted its holdings in Apache by 14.1% during the second quarter. Park National Corp OH now owns 53,506 shares of the energy company’s stock worth $1,550,000 after buying an additional 6,629 shares in the last quarter. Douglas Lane & Associates LLC boosted its holdings in Apache by 30.4% during the second quarter. Douglas Lane & Associates LLC now owns 505,074 shares of the energy company’s stock worth $14,632,000 after buying an additional 117,840 shares in the last quarter. Finally, Packer & Co Ltd purchased a new stake in Apache during the second quarter worth $18,280,000. Hedge funds and other institutional investors own 95.28% of the company’s stock.

APA opened at $24.08 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.07. The company has a market cap of $9.01 billion, a price-to-earnings ratio of 13.60 and a beta of 1.87. Apache Co. has a 52-week low of $19.44 and a 52-week high of $38.12. The firm’s fifty day simple moving average is $23.24 and its two-hundred day simple moving average is $25.75.

Apache (NYSE:APA) last posted its quarterly earnings data on Wednesday, October 30th. The energy company reported ($0.29) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by ($0.10). The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Apache had a negative net margin of 14.78% and a positive return on equity of 1.08%. During the same period in the previous year, the business earned $0.63 earnings per share. On average, research analysts forecast that Apache Co. will post -0.09 EPS for the current year.

The business also recently disclosed a — dividend, which will be paid on Friday, November 22nd. Shareholders of record on Tuesday, October 22nd will be issued a dividend of $0.25 per share. This represents a yield of 4.1%. The ex-dividend date of this dividend is Monday, October 21st. Apache’s payout ratio is 56.50%.

A number of analysts recently issued reports on APA shares. Argus downgraded shares of Apache from a “buy” rating to a “hold” rating in a report on Thursday. Stifel Nicolaus set a $29.00 price target on shares of Apache and gave the stock a “hold” rating in a report on Monday, August 12th. Citigroup increased their price target on shares of Apache from $22.00 to $27.00 and gave the stock a “neutral” rating in a report on Monday, September 23rd. Morgan Stanley lowered their price target on shares of Apache from $17.00 to $15.00 and set an “underweight” rating on the stock in a report on Friday, October 4th. Finally, Raymond James lowered their price target on shares of Apache from $32.00 to $25.00 and set an “outperform” rating on the stock in a report on Thursday, October 17th. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $31.67.

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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