Ami Investment Management Inc Lowers stake in Apache Corporation (APA)

Apache Corporation (APA) : Ami Investment Management Inc reduced its stake in Apache Corporation by 0.26% during the most recent quarter end. The investment management company now holds a total of 29,041 shares of Apache Corporation which is valued at $1,423,299 after selling 76 shares in Apache Corporation , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Apache Corporation makes up approximately 1.02% of Ami Investment Management Inc’s portfolio.

Other Hedge Funds, Including , State Of Wisconsin Investment Board boosted its stake in APA in the latest quarter, The investment management firm added 29,540 additional shares and now holds a total of 452,699 shares of Apache Corporation which is valued at $22,186,778. Apache Corporation makes up approx 0.09% of State Of Wisconsin Investment Board’s portfolio.Marco Investment Management boosted its stake in APA in the latest quarter, The investment management firm added 980 additional shares and now holds a total of 104,685 shares of Apache Corporation which is valued at $5,130,612. Apache Corporation makes up approx 0.75% of Marco Investment Management’s portfolio.Sentry Investment Management reduced its stake in APA by selling 13,943 shares or 58.5% in the most recent quarter. The Hedge Fund company now holds 9,892 shares of APA which is valued at $484,807. Apache Corporation makes up approx 0.02% of Sentry Investment Management’s portfolio.Brown Advisory Inc reduced its stake in APA by selling 1,522 shares or 7.05% in the most recent quarter. The Hedge Fund company now holds 20,057 shares of APA which is valued at $1,016,288.Pzena Investment Management reduced its stake in APA by selling 886,499 shares or 48.75% in the most recent quarter. The Hedge Fund company now holds 932,140 shares of APA which is valued at $46,271,430. Apache Corporation makes up approx 0.27% of Pzena Investment Management’s portfolio.

Apache Corporation opened for trading at $53.07 and hit $53.48 on the upside on Tuesday, eventually ending the session at $53.39, with a gain of 0.45% or 0.24 points. The heightened volatility saw the trading volume jump to 27,15,262 shares. Company has a market cap of $20,257 M.

On the company’s financial health, Apache Corporation reported $-0.26 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.19. The company had revenue of $1382.00 million for the quarter, compared to analysts expectations of $1348.18 million. The company’s revenue was down -38.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.22 EPS.

Many Wall Street Analysts have commented on Apache Corporation. Apache Corporation was Downgraded by Citigroup to ” Neutral” on Aug 9, 2016. 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.

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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