Apache Corporation (APA) Shareholder Davis Selected Advisers Increased Stake by $122.35 Million

June 29, 2018 - By Rebecca Betts

Apache Corporation (NYSE:APA) Corporate LogoDuring Q1 2018 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 dropped. 189 rose holdings while 49 funds acquired holdings. Funds hold 354.25 million shares thus 3.96% more from 2017Q4’s 340.75 million shares. Louisiana State Employees Retirement Systems reported 23,300 shs. Villere St Denis J & holds 3.26% of its capital in Apache Corporation (NYSE:APA) for 1.43 million shs. Goldman Sachs Gru Incorporated holds 0.02% or 2.02 million shs. Oarsman Capital has invested 0.55% in Apache Corporation (NYSE:APA). Moreover, Synovus Financial Corp has 0% invested in Apache Corporation (NYSE:APA). Rampart Invest Ltd Liability reported 0.02% in Apache Corporation (NYSE:APA). Moreover, Tokio Marine Asset Mgmt Limited has 0.12% invested in Apache Corporation (NYSE:APA). Supplemental Annuity Collective Tru Of Nj holds 0.5% or 30,000 shs in its capital. Wells Fargo & Com Mn reported 1.35M shs. Hudock Capital Grp Llc invested in 26 shs or 0% of the stock. Delta Asset Tn reported 293,954 shs stake. Moreover, Federated Invsts Pa has 0% invested in Apache Corporation (NYSE:APA). The Illinois-based Northern Corp has invested 0.05% in Apache Corporation (NYSE:APA). Qv Invsts reported 2.3% of its capital in Apache Corporation (NYSE:APA). Artisan Prtn LP reported 3.46M shs or 0.27% of all its holdings.

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

Davis Selected Advisers’s holdings in Apache Corporation (APA) is upped by 15.59% based on its latest 2018Q1 regulatory filing with the SEC. The company’s stock rose 9.17% while stock markets declined as Davis Selected Advisers bought 3.22M shares. At the end of 2018Q1, the institutional investor held 23.87M shares of the oil & gas production company, priced at $918.51 million, up from 20.65 million at the end of the previous reported quarter. $17.97B is the market cap of Apache Corporation. The stock increased 2.37% or $1.09 during the last trading session, touching $47.03.Apache Corporation has volume of 1.49 million shares. Since June 29, 2017 APA has declined 17.67% and is downtrending. APA underperformed the S&P 500 by 30.24%.

According to a filing the Davis Selected Advisers’s stake in Alphabet Inc. Class A was reduced by 26,247 shares to 675,232 shares valued at $700.31 million in 2018Q1. It operates about $48.17 billion and $23.12B US Long portfolio. Davis Selected Advisers has cut its stake in Axalta Coating Systems Ltd. and also reduced its holding in Cyrusone Inc. (NASDAQ:CONE) by 95,975 shares in the quarter, for a total of 49,370 shares.

For more Apache Corporation (NYSE:APA) news posted recently go to: Fool.com, Seekingalpha.com, Globenewswire.com, Globenewswire.com or Seekingalpha.com. The titles are as follows: “3 No-Brainer Stocks to Buy in Oil and Gas” posted on June 29, 2018, “Kinder Morgan, EagleClaw, Apache to develop Permian Highway Pipeline” on June 25, 2018, “Report: Developing Opportunities within Darden Restaurants, Entergy, Apache, Lumentum, Phillips 66, and Dollar …” with a publish date: June 26, 2018, “Apache Opens Application for 2018-2019 Tree Grant Program” and the last “Apache: The Most Undervalued Permian Producer?” with publication date: June 28, 2018.

Apache Corporation (NYSE:APA) Ratings Coverage

A total of 11 analysts rate Apache (NYSE:APA) as follows: 3 “Buy”, 6 “Hold” and 2 “Sell”. Тherefore 27% are bullish. (NYSE:APA) has 16 ratings reports on 29 Jun 2018 according to StockzIntelligence. On Monday, June 11 the rating was upgraded by Argus Research to “Buy”. On Monday, April 23 the rating was maintained by Stifel Nicolaus with “Hold”. On Monday, February 26 the firm has “Hold” rating given by BMO Capital Markets. In Monday, January 29 report Stifel Nicolaus maintained the stock with “Hold” rating. On Tuesday, January 30 the firm has “Sell” rating by Jefferies given. On Monday, February 26 MUFG Securities Americas Inc upgraded Apache Corporation (NYSE:APA) rating. MUFG Securities Americas Inc has “Buy” rating and $46.0 target. On Wednesday, January 24 the firm has “Equal-Weight” rating by Morgan Stanley given. On Wednesday, February 28 the firm has “Neutral” rating by Citigroup given. On Thursday, January 11 the rating was maintained by BMO Capital Markets with “Hold”. In Friday, February 23 report Credit Suisse maintained the stock with “Neutral” rating.

Apache Corporation (NYSE:APA) Institutional Investors Chart

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