Taube Hodson Stonex Partners Llp Lowers stake in Apache Corporation (APA)

Apache Corporation (APA) : Taube Hodson Stonex Partners Llp reduced its stake in Apache Corporation by 16.01% during the most recent quarter end. The investment management company now holds a total of 173,561 shares of Apache Corporation which is valued at $9,754,128 after selling 33,080 shares in Apache Corporation , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.Apache Corporation makes up approximately 1.83% of Taube Hodson Stonex Partners Llp’s portfolio.

Apache Corporation opened for trading at $55.27 and hit $56.66 on the upside on Friday, eventually ending the session at $56.2, with a gain of 2.59% or 1.42 points. The heightened volatility saw the trading volume jump to 28,65,087 shares. Company has a market cap of $21,260 M.

Other Hedge Funds, Including , Reinhart Partners boosted its stake in APA in the latest quarter, The investment management firm added 40,679 additional shares and now holds a total of 594,841 shares of Apache Corporation which is valued at $33,430,064. Apache Corporation makes up approx 3.36% of Reinhart Partners’s portfolio.Palisade Asset Management boosted its stake in APA in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 64,277 shares of Apache Corporation which is valued at $3,345,618. Apache Corporation makes up approx 0.65% of Palisade Asset Management’s portfolio.Guinness Atkinson Asset Management Inc reduced its stake in APA by selling 6,100 shares or 14.02% in the most recent quarter. The Hedge Fund company now holds 37,409 shares of APA which is valued at $1,947,138. Apache Corporation makes up approx 1.19% of Guinness Atkinson Asset Management Inc’s portfolio.Grassi Investment Management reduced its stake in APA by selling 1,300 shares or 13.37% in the most recent quarter. The Hedge Fund company now holds 8,425 shares of APA which is valued at $438,521. Apache Corporation makes up approx 0.09% of Grassi Investment Management’s portfolio.Charter Trust Co boosted its stake in APA in the latest quarter, The investment management firm added 271 additional shares and now holds a total of 7,688 shares of Apache Corporation which is valued at $384,016. Apache Corporation makes up approx 0.05% of Charter Trust Co’s portfolio.

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.

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.

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