Davis Selected Advisers Stake in Apache Corporation (APA) Increased by $122.35 Million as Shares Rose

June 29, 2018 - By Jacqueline McKee

Apache Corporation (NYSE:APA) Corporate LogoBig Money Sentiment decreased to 0.84 in Q1 2018. It has change of 0.03, from 2017Q4’s 0.87. The ratio worsened due to APA positioning: 83 sold and 199 reduced. 49 funds took positions and 189 increased positions. Investors holded 340.75 million in 2017Q4 but now own 354.25 million shares or 3.96% more. Spirit Of America Mgmt Corporation New York holds 3,000 shs or 0.02% of its capital. Barclays Public Llc owns 645,614 shs. 26,100 are owned by Rathbone Brothers Public Limited. Cibc Asset Mgmt Inc stated it has 0.01% in Apache Corporation (NYSE:APA). Zacks Investment Management has 0.03% invested in Apache Corporation (NYSE:APA). Corecommodity Mgmt Ltd Com holds 7,795 shs. Creative Planning stated it has 21,265 shs. Adams Asset Advsr Limited Liability Co reported 0.07% in Apache Corporation (NYSE:APA). Rampart Invest Mgmt Communications Limited Liability Corp holds 0.02% or 4,119 shs in its capital. 30,000 are held by Supplemental Annuity Collective Of Nj. Tokio Marine Asset Mngmt Ltd holds 0.12% or 18,320 shs. Aperio Gp Limited Liability reported 113,958 shs. Td Asset Management accumulated 115,711 shs. Regentatlantic Capital Limited Company owns 0.06% invested in Apache Corporation (NYSE:APA) for 19,937 shs. Salem Inv Counselors Incorporated reported 6,400 shs stake.

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

The holdings In Apache Corporation (APA) was upped held by Davis Selected Advisers. According to 2018Q1 SEC form the decrease is 15.59%. By buying 3.22M shares Davis Selected Advisers made the stock popped up with 9.17%. 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. Ticker’s shares touched $47.03 during the last trading session after 2.37% change.Apache Corporation has volume of 1.49M 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 Amazon.Com Inc. (NASDAQ:AMZN) was decreased by 347,103 shares to 1.14 million shares valued at $1.65B in 2018Q1. It manages about $48.17 billion and $23.12 billion US Long portfolio. For a total of 3.33 million shares it reduced its holding in Microsoft Corp. (NASDAQ:MSFT) by 124,975 shares in the quarter, and has cut its stake in Chubb Ltd..

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

Apache Corporation (NYSE:APA) Ratings Coverage

Total analysts of 11 have positions in Apache (NYSE:APA) as follows: 3 rated it a “Buy”, 2 with “Sell” and 6 with “Hold”. The positive are 27%. Since January 11, 2018 according to StockzIntelligence Inc Apache has 16 analyst reports. On Thursday, January 11 the rating was maintained by BMO Capital Markets with “Hold”. On Monday, January 29 the firm earned “Hold” rating by Stifel Nicolaus. On Monday, February 26 the stock of Apache Corporation (NYSE:APA) has “Buy” rating given by MUFG Securities Americas Inc. On Tuesday, February 27 the firm has “Overweight” rating given by Mitsubishi UFJ. On Tuesday, January 30 the rating was maintained by Jefferies with “Sell”. On Wednesday, February 28 Citigroup maintained Apache Corporation (NYSE:APA) with “Neutral” rating. On Wednesday, March 28 the rating was maintained by Stifel Nicolaus with “Hold”. On Monday, February 26 the firm has “Hold” rating by BMO Capital Markets given. On Friday, February 23 the stock of Apache Corporation (NYSE:APA) has “Neutral” rating given by Credit Suisse. On Monday, June 11 the firm earned “Buy” rating by Argus Research.

Apache Corporation (NYSE:APA) Institutional Investors Chart

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