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 5.19% during the most recent quarter end. The investment management company now holds a total of 164,556 shares of Apache Corporation which is valued at $9,269,439 after selling 9,005 shares in Apache Corporation , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.Apache Corporation makes up approximately 1.82% of Taube Hodson Stonex Partners Llp’s portfolio.

Other Hedge Funds, Including , Palisade Asset Management reduced its stake in APA by selling 70 shares or 0.11% in the most recent quarter. The Hedge Fund company now holds 64,207 shares of APA which is valued at $3,630,264. Apache Corporation makes up approx 0.68% of Palisade Asset Management’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in APA by selling 42,508 shares or 54.71% in the most recent quarter. The Hedge Fund company now holds 35,184 shares of APA which is valued at $1,941,101. Apache Corporation makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.

Apache Corporation closed down -0.79 points or -1.38% at $56.33 with 24,06,966 shares getting traded on Monday. Post opening the session at $56.91, the shares hit an intraday low of $56.08 and an intraday high of $57.07 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Apache Corporation reported $-0.40 EPS for the quarter, beating the analyst consensus estimate by $ 0.48 according to the earnings call on May 5, 2016. Analyst had a consensus of $-0.88.Analysts expectations of $ 1099.99.During the same quarter in the previous year, the company posted $-0.37 EPS.

Many Wall Street Analysts have commented on Apache Corporation. Apache Corporation was Initiated by Credit Agricole to “Underperform” on Jun 22, 2016. Apache Corporation was Upgraded by Scotia Howard Weil to ” Sector Outperform” on May 16, 2016. Company shares were Reiterated by RBC Capital Mkts on May 6, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 56 from a previous price target of $54 .

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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