Delta Asset Managementtn buys $14,029,743 stake in Apache Corporation (APA)

Apache Corporation (APA) : Delta Asset Managementtn scooped up 1,580 additional shares in Apache Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 20, 2016. The investment management firm now holds a total of 261,505 shares of Apache Corporation which is valued at $14,029,743.Apache Corporation makes up approximately 2.37% of Delta Asset Managementtn’s portfolio.

Other Hedge Funds, Including , Rockefeller Financial Services Inc boosted its stake in APA in the latest quarter, The investment management firm added 1,232 additional shares and now holds a total of 272,541 shares of Apache Corporation which is valued at $14,621,825. Apache Corporation makes up approx 0.28% of Rockefeller Financial Services Inc’s portfolio.Penn Davis Mcfarland Inc reduced its stake in APA by selling 386 shares or 1.8% in the most recent quarter. The Hedge Fund company now holds 21,026 shares of APA which is valued at $1,184,395. Apache Corporation makes up approx 0.31% of Penn Davis Mcfarland Inc’s portfolio.Cape Cod Five Cents Savings Bank boosted its stake in APA in the latest quarter, The investment management firm added 1,200 additional shares and now holds a total of 29,608 shares of Apache Corporation which is valued at $1,691,209. Apache Corporation makes up approx 0.30% of Cape Cod Five Cents Savings Bank’s portfolio. Centurylink Investment Management Co sold out all of its stake in APA during the most recent quarter. The investment firm sold 4,296 shares of APA which is valued $237,010.

Apache Corporation closed down -0.26 points or -0.47% at $54.6 with 21,34,868 shares getting traded on Wednesday. Post opening the session at $54.35, the shares hit an intraday low of $53.41 and an intraday high of $55.0613 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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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