Hedge Funds Now Own 97.6% Of Apache Corporation

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The number of shares now owned by investors are 394.8 mln.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Clearbridge Limited reported 1.73% in Apache Corporation (NYSE:APA). The dividend payment was $0.250 per share for the quarter or $1.00 on an annualized basis. Inc. now owns 2,009 shares of the energy company's stock valued at $103,000 after buying an additional 506 shares during the last quarter. The Northcoast Asset Management Llc holds 359,850 shares with $22.84M value, down from 426,893 last quarter. Parallel Advisors LLC grew its holdings in shares of Apache Corporation by 7.4% during the first quarter. Short shares decreased 2,601,604 over that period. Stifel Nicolaus maintained the shares of APA in report on Monday, May 29 with "Hold" rating. The third largest holder is Vanguard Group Inc, which now holds $1.07 billion worth of this stock and that ownership represents almost 6.41% of its market capitalization. Jefferies Group LLC restated a "sell" rating and issued a $40.00 target price on shares of Apache Corporation in a report on Wednesday, May 17th. Bernstein maintained Apache Corporation (NYSE:APA) rating on Thursday, March 10. Out of 2 Wall Street analysts rating Cray, 2 give it "Buy", 0 "Sell" rating, while 0 recommend "Hold". Nine equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company's stock. The consensus rating is 3, suggesting the market has given up on the stock. Toronto Dominion Bank now owns 128,867 shares of the energy company's stock worth $6,176,000 after purchasing an additional 26,409 shares during the period. During the session shares traded on below-average volume. After this purchase, 42,352 common shares of APA are directly owned by the insider, with total stake valued at $1,793,184. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. This works out to a net increase in ownership of 5.74 million shares, and suggests that institutions are feeling bullish about the stock. The shares were purchased at an average cost of $44.90 per share, for a total transaction of $112,250.00. Over the last quarter, insiders have acquired 5,500 shares of company stock valued at $235,094.

Over the last few days fluctuation in the stock of Apache Corporation (NYSE:APA) was the main talking point of investors. The company has a 50-day moving average price of $43.28 and a 200-day moving average price of $48.13.

Apache Corporation (NYSE:APA) has made a 11.01% comeback from a 12-month low price of $38.14. The current price change puts the market capitalization at $16.67 bln. Apache Corporation (NYSE:APA) has declined 10.21% since September 15, 2016 and is downtrending. At the time of writing, the 14-day ADX for Kronos Worldwide Inc (KRO) is standing at 34.39. Stock investors bought 1,516 call options on the stock. The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.41 billion. The expected future growth in earnings per share ("EPS") is an incredibly important factor.in identifying an under-valued stock. Fulton Bank N.A. lifted its stake in Apache Corporation by 0.6% during the 2nd quarter. This is a near-term outlook for the coming 12-18 months.

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The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. The company was maintained on Friday, April 21 by Barclays Capital. The ex-dividend date of this dividend is Friday, October 20th. This dividend represents a yield of $2.49. Apache Corporation's payout ratio is presently -4,997.50%.

Apache Corporation, launched on December 6, 1954, is an independent energy company. The Company has production in four segments: the United States, Canada, Egypt and the United Kingdom North Sea.

The technical movement for the stock has also been interesting for traders trying to understand what the stock is all about.