Alexandria Capital LLC bought a new stake in Apache Co. (NYSE:APA) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 32,747 shares of the energy company’s stock, valued at approximately $1,383,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Valeo Financial Advisors LLC purchased a new position in shares of Apache in the third quarter worth $135,000. Steward Partners Investment Advisory LLC purchased a new position in shares of Apache in the third quarter worth $134,000. Pinebridge Investments L.P. raised its holdings in shares of Apache by 176.1% in the fourth quarter. Pinebridge Investments L.P. now owns 3,495 shares of the energy company’s stock worth $148,000 after buying an additional 2,229 shares during the last quarter. North Star Asset Management Inc. purchased a new position in shares of Apache in the third quarter worth $206,000. Finally, Deprince Race & Zollo Inc. purchased a new position in shares of Apache in the third quarter worth $206,000. Institutional investors own 94.65% of the company’s stock.
In other news, Director John E. Lowe acquired 3,000 shares of the business’s stock in a transaction on Wednesday, December 13th. The stock was 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 of the company’s stock, valued at $600,300. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider P Anthony Lannie sold 19,514 shares of Apache stock in a transaction on Friday, December 1st. The shares were 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 of the company’s stock, 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.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 22nd. Investors of record on Monday, April 23rd will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, April 20th. This represents a $1.00 annualized dividend and a dividend yield of 2.61%. Apache’s dividend payout ratio (DPR) is presently 57.80%.
A number of research firms have issued reports on APA. Barclays raised their price target on shares of Apache from $26.00 to $30.00 and gave the stock an “underweight” rating in a report on Monday, November 20th. BMO Capital Markets reaffirmed a “hold” rating and issued a $42.00 price target on shares of Apache in a report on Tuesday, November 7th. ValuEngine cut shares of Apache from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. 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 price target for the company. Finally, Jefferies Group set a $35.00 price target on shares of Apache and gave the stock a “sell” rating in a report on Wednesday, December 20th. Nine investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company. Apache presently has an average rating of “Hold” and a consensus price target of $45.69.
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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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