Apache Corporation (NYSE:APA) recovered 2.77% of its value since hitting low of $24.56. The recent move of -4.21% drop pushed the stock to close at $25.24 when trading ended on 7/16/2019. At a recent session, the prices were hovering between $25.16 and $26.23. This company shares are 36.13% off its target price of $34.36 and the current market capitalization stands at $9.75B. The recent change has given its price a -11.91% deficit over SMA 50 and -49.55% deficit over its 52-week high. The stock witnessed -8.18% declines, -29.79% declines and -20.05% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found APA’s volatility during a week at 3.36% and during a month it has been found around 3.24%.
What Does Apache Corporation (APA) Do?
The company describes itself in regulatory filings as, “Apache Corp. operates as an energy company, which engages in the exploration, development, and production of natural gas, crude oil, and natural gas liquids. It operates through the following business segments: the United States, Egypt, and North Sea. The company was founded by Truman Anderson, Raymond Plank, and Charles Arnao on December 6, 1954 and is headquartered in Houston, TX.” [Text can be found here: https://www.marketwatch.com/investing/stock/APA/profile under company description.]Apache Corporation (APA) Top Holders
Institutional investors currently hold around $9.7 billion or 0% in APA stock. Look at its top three institutional owners: Dodge & Cox owns $1.46 billion in Apache Corporation, which represents roughly 14.96% of the company’s market cap and approximately 15.04% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 41,772,966 shares of the stock are valued at $1.1 billion. The third largest holder is Blackrock Inc., which currently holds $682.39 million worth of this stock and that ownership represents nearly 7% of its market capitalization.Apache Corporation 13F Filings
At the end of March reporting period, 280 institutional holders increased their position in Apache Corporation (NYSE:APA) by some 21,153,944 shares, 320 decreased positions by 28,040,589 and 110 held positions by 318,863,423. That puts total institutional holdings at 368,057,956 shares, according to SEC filings. The stock grabbed 83 new institutional investments totaling 2,173,264 shares while 76 institutional investors sold out their entire positions totaling 3,140,488 shares.Apache Corporation (NYSE:APA) Insider Trades
Multiple company employees have indulged in significant insider trading. Apache Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Executive Vice President Meyer William Mark has acquired 2,000 shares of Apache Corporation (APA) in the trading session dated May. 31, 2019. These shares are worth $51,840 and were traded at $25.92 each. The SEC filing shows that Ellis Juliet S performed a purchase of 3,500 shares. The Director added these shares by way of transaction on May. 24, 2019. The company’s shares were assimilated at $27.26 per share worth to an investment of some $95,410 to the account of Ellis Juliet S.
Director, LOWE JOHN E, purchased 5,000 common shares of Apache Corporation (APA) in the open market. In a transaction dated May. 07, 2019, the shares were bought at an average price of $30.25, giving away a sum of $151,250. After this purchase, 25,000 common shares of APA are directly owned by the insider, with total stake valued at $631,000.
In the transaction dated Sep. 27, 2018, a great number of shares sold came courtesy the Sr. Vice Pres, Chief Acct Off; Hoyt Rebecca A disposed a total of 6,111 shares at an average price of $47.48, amounting to approximately $290,150. The insider now directly owns 44,274 shares worth $1,117,473.Apache Corporation (APA) Analyst Guide
Several analysts have released their opinion on Apache Corporation (NYSE:APA), with 4 analysts believing it is a strong buy. Whereas 17 of them predict the stock is a hold. Also, there are 3 buy, 5 sell and 2 strong sell ratings, collectively assigning a 2.94 average brokerage recommendation [T1].