Fil Ltd buys $261,793,520 stake in Apache Corporation (APA)

Apache Corporation (APA) : Fil Ltd scooped up 360,137 additional shares in Apache Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 4,442,449 shares of Apache Corporation which is valued at $261,793,520.Apache Corporation makes up approximately 0.80% of Fil Ltd’s portfolio.

Other Hedge Funds, Including , Advisor Group boosted its stake in APA in the latest quarter, The investment management firm added 11,376 additional shares and now holds a total of 22,624 shares of Apache Corporation which is valued at $1,312,644. Apache Corporation makes up approx 0.03% of Advisor Group’s portfolio.Ibm Retirement Fund reduced its stake in APA by selling 13,735 shares or 27.61% in the most recent quarter. The Hedge Fund company now holds 36,008 shares of APA which is valued at $2,220,973. Apache Corporation makes up approx 0.11% of Ibm Retirement Fund’s portfolio.Guinness Asset Management Ltd reduced its stake in APA by selling 10,100 shares or 4.84% in the most recent quarter. The Hedge Fund company now holds 198,507 shares of APA which is valued at $12,277,658. Apache Corporation makes up approx 3.14% of Guinness Asset Management Ltd’s portfolio.

Apache Corporation opened for trading at $61.6 and hit $62.7399 on the upside on Monday, eventually ending the session at $62.08, with a gain of 1.11% or 0.68 points. The heightened volatility saw the trading volume jump to 27,53,635 shares. Company has a market cap of $23,555 M.

On the company’s financial health, Apache Corporation reported $-0.03 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Nov 3, 2016. Analyst had a consensus of $-0.14. The company had revenue of $1438.00 million for the quarter, compared to analysts expectations of $1379.01 million. The company’s revenue was down -5.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.05 EPS.

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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