Davis Selected Advisers Increased Stake in Apache Corporation (APA)

June 29, 2018 - By Mark Williams

Apache Corporation (NYSE:APA) Corporate LogoDuring 2018 Q1 the big money sentiment decreased to 0.84. That’s change of 0.03, from 2017Q4’s 0.87. 83 investors sold all, 199 reduced holdings as APA ratio is negative. 189 grew stakes while 49 funds bought stakes. Funds hold 354.25 million shares thus 3.96% more from 2017Q4’s 340.75 million shares. Meag Munich Ergo Kapitalanlagegesellschaft Mbh holds 6,000 shs. Nbt Savings Bank N A has 30,267 shs. Salem Inv Counselors has invested 0.03% in Apache Corporation (NYSE:APA). Umb Bankshares N A Mo reported 0.02% stake. The Nevada-based Whittier Of Nevada has invested 0.18% in Apache Corporation (NYSE:APA). Murphy has invested 0.04% in Apache Corporation (NYSE:APA). Madison Inv stated it has 378,298 shs or 0.26% of all its holdings. Moreover, Murphy Pohlad Asset Management Llc has 1.02% invested in Apache Corporation (NYSE:APA) for 38,500 shs. 7,795 are owned by Corecommodity Mngmt. Smith Moore & stated it has 0.08% of its capital in Apache Corporation (NYSE:APA). Ancora Advsrs holds 0.05% in Apache Corporation (NYSE:APA) or 28,575 shs. Jolley Asset Lc holds 0.33% or 14,200 shs in its capital. Hwg Ltd Partnership reported 1,612 shs or 0.06% of all its holdings. Willis Invest Counsel holds 0.51% or 170,950 shs. 7,416 are held by Rothschild Inv Corporation Il.

APA registered $180,379 net activity with 2 buys and 0 sales since March 2, 2018.

The stake In Apache Corporation (APA) was rose held by Davis Selected Advisers. According to 2018Q1 SEC filling the reduction is 15.59%. The company’s stock popped up 9.17% while Davis Selected Advisers bought 3.22 million shares. The institutional investor is holding 23.87 million shares, compared to the 20.65M from the previous quarter. And the reported value of the oil & gas production company is $918.51 million for the 2018Q1. $17.97 billion is the MC of Apache Corporation. APA reached $47.03 during the last trading session after $1.09 change.Apache Corporation has volume of 1.49M shares. Since June 29, 2017 APA has declined 17.67% and is downtrending. APA underperformed by 30.24% the S&P 500.

About $48.17 billion and $23.12 billion US Long portfolio Davis Selected Advisers manages. Its stake in American Express Co. (NYSE:AXP) was reduced by 245,184 shares to 7.54 million shares valued at $703.67 million in 2018Q1, according to the filing. For a total of 481,187 shares it reduced its holding in Diplomat Pharmacy Inc. (NYSE:DPLO) by 1.32M shares in the quarter, and has cut its stake in Occidental Petroleum Corp. (NYSE:OXY).

For more Apache Corporation (NYSE:APA) news brought out recently go to: Seekingalpha.com, Globenewswire.com, Globenewswire.com, Fool.com or Seekingalpha.com. The titles are as follows: “Kinder Morgan, EagleClaw, Apache to develop Permian Highway Pipeline” brought out on June 25, 2018, “Report: Developing Opportunities within Darden Restaurants, Entergy, Apache, Lumentum, Phillips 66, and Dollar …” on June 26, 2018, “Apache Opens Application for 2018-2019 Tree Grant Program” with a publish date: June 13, 2018, “3 No-Brainer Stocks to Buy in Oil and Gas” and the last “Apache: The Most Undervalued Permian Producer?” with publication date: June 28, 2018.

Apache Corporation (NYSE:APA) Ratings Coverage

Total analysts of 11 have positions in Apache (NYSE:APA) as follows: 3 rated it a “Buy”, 2 with “Sell” and 6 with “Hold”. The positive are 27%. Since January 11, 2018 according to StockzIntelligence Inc Apache has 16 analyst reports. On Monday, April 23 the firm has “Hold” rating by Stifel Nicolaus given. On Thursday, January 11 BMO Capital Markets maintained the shares of APA in report with “Hold” rating. On Monday, June 11 the stock of Apache Corporation (NYSE:APA) has “Buy” rating given by Argus Research. On Friday, February 23 the firm earned “Hold” rating by Stifel Nicolaus. On Monday, January 29 the stock of Apache Corporation (NYSE:APA) earned “Hold” rating by Stifel Nicolaus. The stock rating was maintained by Citigroup with “Neutral” on Wednesday, February 28. On Tuesday, February 27 the firm earned “Overweight” rating by Mitsubishi UFJ. On Wednesday, January 24 Morgan Stanley maintained the shares of APA in report with “Equal-Weight” rating. On Monday, February 26 the stock of Apache Corporation (NYSE:APA) has “Hold” rating given by BMO Capital Markets. The company rating was upgraded by MUFG Securities Americas Inc on Monday, February 26.

Apache Corporation (NYSE:APA) Institutional Investors Chart

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