Murphy Capital Management Inc. lowered its stake in Apache Corporation (NYSE:APA) by 21.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,386 shares of the energy company’s stock after selling 2,315 shares during the period. Murphy Capital Management Inc.’s holdings in Apache Corporation were worth $401,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of APA. Thrivent Financial for Lutherans increased its stake in shares of Apache Corporation by 5.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 13,140 shares of the energy company’s stock valued at $834,000 after buying an additional 690 shares in the last quarter. Whalerock Point Partners LLC increased its stake in shares of Apache Corporation by 32.2% in the fourth quarter. Whalerock Point Partners LLC now owns 6,875 shares of the energy company’s stock valued at $437,000 after buying an additional 1,675 shares in the last quarter. Kentucky Retirement Systems bought a new stake in shares of Apache Corporation during the fourth quarter valued at $1,748,000. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Apache Corporation during the fourth quarter valued at $780,000. Finally, Macquarie Group Ltd. increased its stake in shares of Apache Corporation by 13.5% in the fourth quarter. Macquarie Group Ltd. now owns 11,800 shares of the energy company’s stock valued at $749,000 after buying an additional 1,400 shares in the last quarter. 94.04% of the stock is owned by hedge funds and other institutional investors.
Apache Corporation (NYSE APA) traded down 0.52% during trading on Friday, hitting $42.39. The stock had a trading volume of 2,505,997 shares. The company’s market cap is $16.15 billion. Apache Corporation has a 12-month low of $42.17 and a 12-month high of $69.00. The company has a 50 day moving average of $47.14 and a 200-day moving average of $50.57.
Apache Corporation (NYSE:APA) last posted its earnings results on Thursday, August 3rd. The energy company reported ($0.21) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $0.22. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.41 billion. Apache Corporation had a negative return on equity of 1.03% and a negative net margin of 0.07%. The business’s revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.26) earnings per share. On average, equities analysts predict that Apache Corporation will post $0.13 EPS for the current year.
Several equities research analysts recently weighed in on APA shares. Barclays PLC reaffirmed a “sell” rating and set a $41.00 price target (down from $50.00) on shares of Apache Corporation in a report on Thursday, April 20th. Royal Bank Of Canada reissued a “hold” rating and issued a $63.00 target price on shares of Apache Corporation in a report on Tuesday, April 25th. Zacks Investment Research downgraded Apache Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, May 2nd. BMO Capital Markets reissued a “hold” rating and issued a $53.00 target price on shares of Apache Corporation in a report on Friday, May 5th. Finally, Scotiabank reissued a “hold” rating and issued a $58.00 target price on shares of Apache Corporation in a report on Friday, May 5th. Eight equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $56.39.
In other news, Director Rene R. Joyce purchased 10,000 shares of the company’s stock in a transaction on Monday, May 15th. The shares were purchased at an average price of $51.38 per share, with a total value of $513,800.00. Following the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $513,800. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director John E. Lowe purchased 2,500 shares of the company’s stock in a transaction on Monday, August 7th. The stock was purchased at an average cost of $44.90 per share, for a total transaction of $112,250.00. Following the purchase, the director now directly owns 10,000 shares in the company, valued at $449,000. The disclosure for this purchase can be found here. Insiders own 0.48% of the company’s stock.
About Apache Corporation
Apache Corporation is an independent energy company. The Company explores for, develops, and produces natural gas, crude oil and natural gas liquids. It has production in four segments: the United States, Canada, Egypt and the United Kingdom North Sea. It also pursues exploration interests in Suriname.
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