Apache Corporation (APA) Stake Maintained by Washington Capital Management Inc.

Washington Capital Management Inc. held its stake in Apache Corporation (NYSE:APA) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,115 shares of the energy company’s stock at the end of the second quarter. Apache Corporation comprises approximately 1.6% of Washington Capital Management Inc.’s holdings, making the stock its 23rd largest position. Washington Capital Management Inc.’s holdings in Apache Corporation were worth $1,443,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in Apache Corporation by 3,551.6% in the first quarter. BlackRock Inc. now owns 29,003,850 shares of the energy company’s stock valued at $1,490,509,000 after buying an additional 28,209,565 shares in the last quarter. Vanguard Group Inc. increased its stake in Apache Corporation by 2.4% in the first quarter. Vanguard Group Inc. now owns 26,319,658 shares of the energy company’s stock valued at $1,352,568,000 after buying an additional 626,822 shares during the period. State Street Corp increased its stake in Apache Corporation by 0.7% in the first quarter. State Street Corp now owns 19,938,329 shares of the energy company’s stock valued at $1,024,633,000 after buying an additional 146,990 shares during the period. Harris Associates L P boosted its position in Apache Corporation by 16.4% in the first quarter. Harris Associates L P now owns 16,397,422 shares of the energy company’s stock valued at $842,663,000 after buying an additional 2,307,915 shares in the last quarter. Finally, FIL Ltd boosted its position in Apache Corporation by 1.0% in the first quarter. FIL Ltd now owns 5,187,065 shares of the energy company’s stock valued at $266,563,000 after buying an additional 49,710 shares in the last quarter. 93.72% of the stock is currently owned by institutional investors.

Apache Corporation (APA) opened at 40.31 on Friday. The stock’s 50 day moving average price is $46.31 and its 200 day moving average price is $49.83. Apache Corporation has a 1-year low of $39.78 and a 1-year high of $69.00. The firm’s market cap is $15.36 billion.

Apache Corporation (NYSE:APA) last announced 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. Apache Corporation had a negative net margin of 0.07% and a negative return on equity of 1.03%. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the prior year, the business earned ($0.26) EPS. The company’s quarterly revenue was up .1% compared to the same quarter last year. Equities research analysts predict that Apache Corporation will post $0.09 EPS for the current year.

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A number of research firms have weighed in on APA. Scotiabank set a $50.00 price objective on shares of Apache Corporation and gave the stock a “hold” rating in a research report on Saturday, July 1st. BidaskClub lowered shares of Apache Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday. Citigroup Inc. dropped their target price on shares of Apache Corporation from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Tuesday. BMO Capital Markets set a $45.00 price objective on shares of Apache Corporation and gave the company a “hold” rating in a report on Thursday, August 3rd. Finally, Jefferies Group LLC reissued a “sell” rating and issued a $40.00 price objective on shares of Apache Corporation in a report on Wednesday, May 17th. Eight 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 company presently has a consensus rating of “Hold” and a consensus target price of $56.26.

In other news, Director John E. Lowe bought 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The stock was acquired at an average price of $40.32 per share, with a total value of $80,640.00. Following the completion of the purchase, the director now directly owns 12,000 shares of the company’s stock, valued at approximately $483,840. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director George D. Lawrence bought 900 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average cost of $42.49 per share, with a total value of $38,241.00. Following the purchase, the director now directly owns 38,445 shares of the company’s stock, valued at $1,633,528.05. The disclosure for this purchase can be found here. Insiders have purchased 5,400 shares of company stock valued at $231,131 in the last ninety days. Company 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.

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

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