Apache Corp (NYSE:APA) Quarterly Sentiment Change Reported at 0.84

June 27, 2018 - By Joshua Cleveland

Apache Corporation (NYSE:APA) Corporate Logo

“Big money” Positions

In Q1 2018 Apache Corp (NYSE:APA) big money sentiment decreased to 0.84, SEC filings reveal. So its down -0.03, from 2017Q4’s 0.87. 238 active investment managers opened new and increased positions, while 282 cut down and sold equity positions in Apache Corp so the sentiment fall. These funds own 354.25 million shares, that’s up from 340.75 million shares in 2017Q4. Funds holding Apache Corp in top 10 increased from 4 to 6 for an increase of 2. 83 Investors Sold All; 199 Reduced Holdings; 189 increased stakes while 49 active investment managers bought stakes.

Significant Apache Corp Investors

Edinburgh Partners Ltd owns 798,606 shares in Apache Corp as of Q1 2018. Apache Corp’s shareholder Elm Ridge Management Llc owns 343,958 shares as of Q1 2018. Moreover, Orbis Investment Management (U.S.) Llc reported 149,862 shares in Apache Corp equivalent to 4.02% of its fund’s portfolio. The Arizona-based fund Davis Selected Advisers have invested about 3.97% of the institutional investor’s stock portfolio in Apache Corp. The New York-based fund Stuyvesant Capital Management holds 47,294 shares or 3.71% of their fund’s portfolio.

Apache Corporation, an independent energy company, explores for, develops, and produces crude oil, natural gas, and natural gas liquids.The company has $16.88 billion market cap. It operates onshore and offshore assets primarily in the Permian Basin, the Midcontinent/Gulf Coast, Canada, and the Gulf of Mexico, as well as Egypt and the North Sea, the United Kingdom.13.68 is the P/E ratio. As of December 31, 2016, it had total estimated proved reserves of 642 million barrels of crude oil, 192 million barrels of natural gas liquids, and 2.9 trillion cubic feet of natural gas.

APA hit $44.17 during the last trading session after $1.03 change.Currently Apache Corporation is downtrending after 17.67% change in last June 27, 2017. APA has 3.46M shares volume. The stock underperformed the S&P500 by 30.24%.

Apache Corporation (NYSE:APA) is anticipated to publish earnings on August, 2., according to RTT. Analysts forecast 247.62 % diference or $0.31 from the $-0.21 EPS from 2017. If earnings per share of $0.31 is announced the profit of APA could hit $118.47M giving it 35.62 P/E. After $0.32 earnings per share was announced last quarter, analysts now see negative EPS growth of -3.13 % for Apache Corporation.

Washington holds 33,615 shs or 1.3% of its capital. Ny State Teachers Retirement reported 581,938 shs stake. Schroder Inv Mngmt Grp has invested 0.03% in Apache Corporation (NYSE:APA). Pekin Singer Strauss Asset Mngmt Il accumulated 0.06% or 8,907 shs. Moreover, Alliancebernstein Ltd Partnership has 0.06% invested in Apache Corporation (NYSE:APA). Tci Wealth Advisors holds 35 shs. Moreover, Welch Forbes Lc has 0.01% invested in Apache Corporation (NYSE:APA) for 10,985 shs. Clifford Swan Invest Counsel Ltd Liability Co holds 53,989 shs or 0.12% of its capital. Carroll Fincl Associate owns 179 shs or 0% of their US capital. Citadel Advsr Ltd Limited Liability Company holds 0.01% of its capital in Apache Corporation (NYSE:APA) for 573,266 shs. Guardian Life Insurance Com Of America stated it has 874 shs. Silvercrest Asset Management Grp Ltd Co holds 0.02% or 59,187 shs in its capital. Utah Retirement, a Utah-based fund reported 70,985 shs. Reliance Of Delaware invested in 8,161 shs. Liberty Mutual Grp Incorporated Asset Mgmt Incorporated reported 15,183 shs.

Apache Corporation had 0 selling transactions and 2 insider purchases since March 2, 2018. This’s net activity of $180,379.

Apache Corporation (NYSE:APA) Ratings Coverage

In total 11 analysts cover Apache (NYSE:APA). “Buy” rating has 3, “Sell” are 2, while 6 are “Hold”. 27% are bullish. With $56 highest and $32.0 lowest target price Apache has $42.40 average target price or -4.01% below the current ($44.17) price. 16 are the (NYSE:APA)’s analyst reports since January 11, 2018 according to StockzIntelligence Inc. On Thursday, January 11 BMO Capital Markets maintained Apache Corporation (NYSE:APA) rating. BMO Capital Markets has “Hold” rating and $45.0 target. On Wednesday, January 24 the firm earned “Equal-Weight” rating by Morgan Stanley. On Friday, February 23 the rating was maintained by Stifel Nicolaus with “Hold”. On Monday, April 23 the stock of Apache Corporation (NYSE:APA) earned “Hold” rating by Stifel Nicolaus. In Wednesday, February 28 report Citigroup maintained the stock with “Neutral” rating. On Monday, March 19 the stock has “Sell” rating by Jefferies. In Tuesday, February 27 report Mitsubishi UFJ upgraded the stock to “Overweight” rating. On Monday, February 26 the stock of Apache Corporation (NYSE:APA) earned “Hold” rating by BMO Capital Markets. The stock rating was upgraded by MUFG Securities Americas Inc to “Buy” on Monday, February 26. The company rating was upgraded by Argus Research on Monday, June 11.

More recent Apache Corporation (NYSE:APA) news were posted by Globenewswire.com, Globenewswire.com and Seekingalpha.com. The first one has “Apache Opens Application for 2018-2019 Tree Grant Program” as a title and was posted on June 13, 2018. The next is “Report: Developing Opportunities within Darden Restaurants, Entergy, Apache, Lumentum, Phillips 66, and Dollar …” on June 26, 2018. And last was posted on June 25, 2018, called “Kinder Morgan, EagleClaw, Apache to develop Permian Highway Pipeline”.

Apache Corporation (NYSE:APA) Institutional Investors Chart

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