Apache Co. (APA) Shares Sold by Neuburgh Advisers LLC

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Neuburgh Advisers LLC lowered its stake in shares of Apache Co. (NYSE:APA) by 43.9% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 13,596 shares of the energy company’s stock after selling 10,648 shares during the period. Neuburgh Advisers LLC’s holdings in Apache were worth $636,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. BlackRock Inc. boosted its position in Apache by 0.3% in the 1st quarter. BlackRock Inc. now owns 25,508,716 shares of the energy company’s stock valued at $981,578,000 after buying an additional 70,604 shares during the period. Baillie Gifford & Co. boosted its position in Apache by 76.2% in the 2nd quarter. Baillie Gifford & Co. now owns 24,490,129 shares of the energy company’s stock valued at $1,144,913,000 after buying an additional 10,592,806 shares during the period. Dimensional Fund Advisors LP boosted its position in Apache by 71.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,644,974 shares of the energy company’s stock valued at $170,375,000 after buying an additional 1,512,960 shares during the period. State of New Jersey Common Pension Fund D boosted its position in Apache by 11.8% in the 1st quarter. State of New Jersey Common Pension Fund D now owns 1,896,800 shares of the energy company’s stock valued at $72,989,000 after buying an additional 200,000 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its position in Apache by 5.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,635,287 shares of the energy company’s stock valued at $76,450,000 after buying an additional 82,128 shares during the period. 96.71% of the stock is owned by hedge funds and other institutional investors.

In related news, VP Dominic Ricotta sold 3,480 shares of Apache stock in a transaction on Monday, August 27th. The shares were sold at an average price of $43.72, for a total transaction of $152,145.60. Following the sale, the vice president now directly owns 10,357 shares in the company, valued at approximately $452,808.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephen J. Riney purchased 6,300 shares of the business’s stock in a transaction that occurred on Monday, August 27th. The shares were bought at an average price of $43.51 per share, for a total transaction of $274,113.00. Following the completion of the purchase, the insider now directly owns 42,184 shares in the company, valued at $1,835,425.84. The disclosure for this purchase can be found here. 0.59% of the stock is currently owned by company insiders.

Shares of APA opened at $43.18 on Wednesday. Apache Co. has a twelve month low of $33.60 and a twelve month high of $49.59. The firm has a market capitalization of $16.76 billion, a PE ratio of 179.92, a PEG ratio of 3.76 and a beta of 1.19. The company has a current ratio of 1.36, a quick ratio of 1.20 and a debt-to-equity ratio of 0.88.

Apache (NYSE:APA) last announced its quarterly earnings data on Wednesday, August 1st. The energy company reported $0.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.11. Apache had a net margin of 12.57% and a return on equity of 5.21%. The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.76 billion. equities analysts expect that Apache Co. will post 1.66 EPS for the current year.

APA has been the subject of several recent research reports. TheStreet raised shares of Apache from a “c” rating to a “b-” rating in a research report on Wednesday, August 1st. Zacks Investment Research raised shares of Apache from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research report on Monday, June 18th. Argus raised shares of Apache from a “hold” rating to a “buy” rating and raised their price target for the company from $46.19 to $56.00 in a research report on Monday, June 11th. KLR Group reissued a “buy” rating and issued a $54.00 price target on shares of Apache in a research report on Monday, August 20th. Finally, Cowen set a $48.00 price target on shares of Apache and gave the company a “hold” rating in a research report on Thursday, July 19th. Six analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $45.11.

Apache Profile

Apache Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids (NGLs). The company has operations in onshore assets located Permian and Midcontinent/Gulf Coast onshore regions; and offshore assets situated in the Gulf of Mexico region.

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Institutional Ownership by Quarter for Apache (NYSE:APA)

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