Thursday , May 6 2021

Apache Co. (NYSE: APA) Stake Appointed by Oarsman Capital Inc.



Oarsman Capital Inc. increase its share ownership in Apache Co. (NYSE: APA) of 33.6% in the third quarter, according to the latest filing with the SEC. The company owned 42,545 shares of the energy company after purchasing an additional 10,690 shares during the quarter. Ownership of Oarsman Capital Inc. in Apache worth $ 2,028,000 as the latest submission with the SEC.

A number of other hedge funds have also bought and sold APA shares. Zions Bancorporation bought new positions in Apache during the third quarter worth around $ 103,000. Steward Partners Investment Advisory LLC increased its position in Apache by 575.1% in the second quarter. Steward Partners Investment Advisory LLC now has 2,221 shares of energy company shares worth $ 104,000 after acquiring an additional 1,892 shares during the period. Field & Main Bank acquired new shares in Apache in the third quarter worth around $ 120,000. Dorsey & Whitney Trust CO LLC acquired new shares in Apache in the third quarter worth around $ 205,000. Finally, Wesbanco Bank Inc. acquired new shares in Apache in the second quarter valued at around $ 207,000. Hedge funds and other institutional investors own 96.83% of the company's shares.

Some brokers have recently published reports about APA. Stephens set a target price of $ 55.00 for Apache and gave the rating company "buy" in the research report on Monday, September 24. Piper Jaffray Companies cut Apache from an "overweight" rating to a "neutral" rating in a research report on Thursday, September 27. Scotiabank repeats the "hold" rating and sets a target price of $ 55.00 in Apache shares in a research report on Thursday, September 27. Zacks Investment Research raised Apache from a "hold" rating to a "buy" rating and set a target price of $ 54.00 for the company in a research note on Thursday, September 27. Finally, Mitsubishi UFJ Financial Group raised their objective price on Apache to $ 66.00 and gave the stock a rating of "overweight" in a research note on Tuesday, August 7. Four research analysts have rated shares with selling points, twelve have issued ownership ratings and six have issued a buy-stock rating of the company. The stock currently has an average "Hold" rating and the target price is an average of $ 47.35.

NYSE APA opened at $ 35.45 on Wednesday. The company has a market capitalization of $ 13.86 billion, a price to income ratio of 148.10, a P / E / G ratio of 2.59, and a beta of 1.35. The company has a debt to equity ratio of 0.90, a fast ratio of 1.10 and a current ratio of 1.26. Apache Co. has a 1-year low of $ 33.60 and a 1-year high of $ 50.03.

Apache (NYSE: APA) last posted quarterly revenue data on Wednesday, October 31. The energy company reported $ 0.63 per share profit for the quarter, exceeding consensus estimates of $ 0.47 to $ 0.16. The company had revenues of $ 1.98 billion during the quarter, compared to analyst expectations of $ 1.89 billion. Apache has a net margin of 12.11% and a return on equity of 7.71%. Apache revenue rose 25.9% year on year. During the same quarter of the previous year, the company posted an EPS of $ 0.04. On average, sell-side analysts predict that Apache Co. will post 2.01 EPS for this year.

The company also recently announced quarterly dividends, which will be paid on Wednesday, November 21. A record holder on Monday, October 22 will be given a dividend of $ 0.25 per share. This is an annual dividend of $ 1.00 and a dividend yield of 2.82%. The ex-dividend date is Friday, October 19. The Apache payment ratio is 416.67%.

In other news, insider Stephen J. Riney acquired 6,300 shares in a transaction that occurred on Monday, August 27. Stock is purchased at an average price of $ 43.51 per share, with a total transaction of $ 274,113.00. After the transaction, insiders now own 42,184 shares in the company, valued at $ 1,835,425.84. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC's website. Also, CEO John J. Christmann acquired 3,900 shares in a transaction that occurred on Monday, August 27. Stock is purchased at an average price of $ 43.63 per share, with a total value of $ 170,157.00. After the transaction, the chief executive officer now has 150,696 shares in the company, valued at $ 6,574,866.48. Disclosures for this purchase can be found here. Insiders own 0.59% of the company's shares.

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About Apache

Apache Corporation, an independent energy company, explores, develops and produces natural gas, crude oil and natural gas liquids (NGL). The company operates in land assets located in Permian and Midcontinent / Gulf Coast land areas; and offshore assets located in the Gulf of Mexico.

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