Teacher Retirement System of Texas boosted its position in shares of Apache Corp. (NYSE:APA) by 473.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 155,404 shares of the energy company’s stock after buying an additional 128,327 shares during the period. Teacher Retirement System of Texas’ holdings in Apache Corp. were worth $9,926,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Hartford Financial Management Inc. boosted its position in Apache Corp. by 0.4% in the second quarter. Hartford Financial Management Inc. now owns 8,936 shares of the energy company’s stock worth $497,000 after buying an additional 35 shares during the period. Zions Bancorporation boosted its position in Apache Corp. by 2.1% in the second quarter. Zions Bancorporation now owns 2,382 shares of the energy company’s stock worth $132,000 after buying an additional 50 shares during the period. M&R Capital Management Inc. boosted its position in Apache Corp. by 0.7% in the second quarter. M&R Capital Management Inc. now owns 7,607 shares of the energy company’s stock worth $423,000 after buying an additional 55 shares during the period. Tdam USA Inc. boosted its position in Apache Corp. by 0.7% in the third quarter. Tdam USA Inc. now owns 10,111 shares of the energy company’s stock worth $646,000 after buying an additional 73 shares during the period. Finally, Woodstock Corp boosted its position in Apache Corp. by 0.4% in the second quarter. Woodstock Corp now owns 22,064 shares of the energy company’s stock worth $1,228,000 after buying an additional 80 shares during the period. Institutional investors and hedge funds own 91.83% of the company’s stock.

Institutional Ownership by Quarter for Apache Corp. (NYSE:APA)

Apache Corp. (NYSE:APA) traded up 9.96% during mid-day trading on Wednesday, hitting $66.79. 4,310,271 shares of the company’s stock were exchanged. The stock’s market cap is $25.34 billion. Apache Corp. has a 12 month low of $32.20 and a 12 month high of $66.82. The stock’s 50 day moving average price is $61.00 and its 200-day moving average price is $56.88.

Apache Corp. (NYSE:APA) last released its earnings results on Thursday, November 3rd. The energy company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.13. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.38 billion. Apache Corp. had a negative net margin of 166.56% and a negative return on equity of 4.70%. Apache Corp.’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.05) earnings per share. Equities analysts expect that Apache Corp. will post ($1.00) EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 22nd. Stockholders of record on Friday, October 21st were issued a dividend of $0.25 per share. The ex-dividend date was Wednesday, October 19th. This represents a $1.00 annualized dividend and a dividend yield of 1.65%. Apache Corp.’s dividend payout ratio is currently -4.42%.

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A number of equities analysts have issued reports on the company. Zacks Investment Research cut Apache Corp. from a “buy” rating to a “hold” rating in a report on Tuesday. Jefferies Group reiterated a “sell” rating and set a $48.00 target price on shares of Apache Corp. in a report on Wednesday, October 19th. Morgan Stanley reiterated a “hold” rating and set a $69.00 target price on shares of Apache Corp. in a report on Monday, September 26th. Mitsubishi UFJ Financial Group assumed coverage on Apache Corp. in a report on Monday, September 26th. They issued a “neutral” rating and a $64.00 price objective for the company. Finally, KLR Group set a $73.00 price objective on Apache Corp. and gave the company a “buy” rating in a report on Wednesday, September 14th. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $58.83.

In related news, Director John E. Lowe acquired 2,132 shares of the company’s stock in a transaction dated Monday, November 7th. The shares were purchased at an average price of $57.65 per share, for a total transaction of $122,909.80. Following the completion of the acquisition, the director now owns 7,500 shares of the company’s stock, valued at $432,375. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Rebecca A. Hoyt sold 3,356 shares of the company’s stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $60.94, for a total transaction of $204,514.64. Following the transaction, the insider now owns 12,755 shares in the company, valued at approximately $777,289.70. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

About Apache Corp.

Apache Corporation (Apache) is an independent energy company. Both domestically and internationally, the Company explores for, develops and produces natural gas, crude oil and natural gas liquids. The Company has exploration and production interests in four countries: the United States, Canada, Egypt, and the United Kingdom (North Sea).

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