Apache Corporation (APA) : Santa Fe Partners scooped up 13,874 additional shares in Apache Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 13, 2016. The investment management firm now holds a total of 68,927 shares of Apache Corporation which is valued at $3,587,650.Apache Corporation makes up approximately 0.58% of Santa Fe Partners’s portfolio.
Apache Corporation opened for trading at $50.27 and hit $53.87 on the upside on Monday, eventually ending the session at $53.44, with a gain of 2.67% or 1.39 points. The heightened volatility saw the trading volume jump to 32,93,819 shares. Company has a market cap of $20,216 M.
Other Hedge Funds, Including , Independent Portfolio Consultants boosted its stake in APA in the latest quarter, The investment management firm added 552 additional shares and now holds a total of 10,724 shares of Apache Corporation which is valued at $558,184. Apache Corporation makes up approx 0.15% of Independent Portfolio Consultants’s portfolio.Webster Bank N. A. reduced its stake in APA by selling 150 shares or 0.67% in the most recent quarter. The Hedge Fund company now holds 22,253 shares of APA which is valued at $1,158,269. Apache Corporation makes up approx 0.18% of Webster Bank N. A.’s portfolio.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in APA in the latest quarter, The investment management firm added 10,839 additional shares and now holds a total of 74,025 shares of Apache Corporation which is valued at $3,853,001. Apache Corporation makes up approx 0.09% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Proficio Capital Partners reduced its stake in APA by selling 16 shares or 25.0% in the most recent quarter. The Hedge Fund company now holds 48 shares of APA which is valued at $2,398. Indiana Trust Investment Management Co sold out all of its stake in APA during the most recent quarter. The investment firm sold 21,500 shares of APA which is valued $1,073,925.
On the company’s financial health, Apache Corporation reported $-0.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.40 according to the earnings call on Feb 25, 2016. Analyst had a consensus of $-0.46. The company had revenue of $1263.00 million for the quarter, compared to analysts expectations of $1388.91 million. The company’s revenue was down -52.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.07 EPS.
Investors should note that on Feb 4, 2016, Apache Corporation announced a cash dividend of $0.2500. The company’s management has announced Apr 20, 2016 as the ex-dividend date and fixed the record date on Apr 22, 2016. The payable date has been fixed on May 23, 2016.
Many Wall Street Analysts have commented on Apache Corporation. Apache Corporation was Upgraded by Wells Fargo to ” Outperform” on Apr 8, 2016. Company shares were Reiterated by Deutsche Bank on Mar 29, 2016 to “Hold”, Firm has raised the Price Target to $ 53 from a previous price target of $50 .Apache Corporation was Downgraded by CapitalOne to ” Equal Weight” on Mar 23, 2016.
Apache Corporation (Apache) is an independent energy company which explores for develops and produces natural gas crude oil and natural gas liquids. As of December 31 2014 Apache had exploration and production interests in five countries: the United States Canada Egypt Australia and the United Kingdom. During the year ended December 31 2014 it participated in drilling 1478 gross wells with 1407 (95%) completed as producers. As of December 31 2013 in addition to its completed wells several wells had not reached completion: 318 gross (214.7 net) in the United States; 27 gross (19.0 net) in Canada; 35 gross (32.5 net) in Egypt and 3 gross (2.2 net) in the North Sea. The Company’s operations in United States and Canada are constituted under its North America business while its International business constitutes its operations in Egypt Australia and the United Kingdom in the North Sea.