Apache Corporation (APA) Shares Bought by Lourd Capital LLC

Lourd Capital LLC boosted its stake in Apache Corporation (NYSE:APA) by 0.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,917 shares of the energy company’s stock after buying an additional 164 shares during the period. Apache Corporation comprises 0.2% of Lourd Capital LLC’s investment portfolio, making the stock its 19th largest position. Lourd Capital LLC’s holdings in Apache Corporation were worth $1,865,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Beese Fulmer Investment Management Inc. raised its position in shares of Apache Corporation by 0.4% in the second quarter. Beese Fulmer Investment Management Inc. now owns 6,016 shares of the energy company’s stock worth $288,000 after buying an additional 23 shares during the last quarter. First Manhattan Co. raised its position in shares of Apache Corporation by 0.5% in the first quarter. First Manhattan Co. now owns 11,848 shares of the energy company’s stock worth $756,000 after buying an additional 55 shares during the last quarter. Albert D Mason Inc. raised its position in shares of Apache Corporation by 0.6% in the first quarter. Albert D Mason Inc. now owns 8,735 shares of the energy company’s stock worth $449,000 after buying an additional 55 shares during the last quarter. Huntington National Bank raised its position in shares of Apache Corporation by 1.1% in the second quarter. Huntington National Bank now owns 5,449 shares of the energy company’s stock worth $261,000 after buying an additional 58 shares during the last quarter. Finally, Fulton Bank N.A. raised its position in shares of Apache Corporation by 0.6% in the second quarter. Fulton Bank N.A. now owns 10,316 shares of the energy company’s stock worth $494,000 after buying an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 94.04% of the company’s stock.

Apache Corporation (APA) traded down 0.52% during midday trading on Friday, hitting $42.39. 2,505,997 shares of the company traded hands. The stock has a 50 day moving average of $47.14 and a 200 day moving average of $50.57. The stock’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.

Apache Corporation (NYSE:APA) last posted its earnings results on Thursday, August 3rd. The energy company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by $0.22. Apache Corporation had a negative net margin of 0.07% and a negative return on equity of 1.03%. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same period in the previous year, the firm posted ($0.26) earnings per share. The firm’s revenue was up .1% on a year-over-year basis. Equities research analysts predict that Apache Corporation will post $0.13 EPS for the current fiscal year.

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APA has been the topic of several recent research reports. ValuEngine downgraded shares of Apache Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Zacks Investment Research raised shares of Apache Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, May 10th. Scotiabank reissued a “hold” rating and set a $58.00 price target on shares of Apache Corporation in a report on Friday, May 5th. Stifel Nicolaus started coverage on shares of Apache Corporation in a report on Tuesday, July 4th. They set a “hold” rating and a $54.00 price objective on the stock. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $53.00 target price on shares of Apache Corporation in a research 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 assigned a buy rating to the stock. Apache Corporation has an average rating of “Hold” and a consensus target price of $56.48.

In related news, Director Rene R. Joyce purchased 10,000 shares of Apache Corporation stock in a transaction that occurred on Monday, May 15th. The stock was purchased at an average cost of $51.38 per share, with a total value of $513,800.00. Following the completion of the transaction, the director now owns 10,000 shares of the company’s stock, valued at approximately $513,800. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John E. Lowe purchased 2,500 shares of Apache Corporation stock in a transaction that occurred on Monday, August 7th. The shares were bought at an average cost of $44.90 per share, with a total value of $112,250.00. Following the completion of the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $449,000. The disclosure for this purchase can be found here. 0.48% of the stock is owned by corporate insiders.

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.

Institutional Ownership by Quarter for Apache Corporation (NYSE:APA)

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