Reinhart Partners INC Increases Position in Apache Corp (APA)

June 20, 2017 - By Louis Casey

Investors sentiment increased to 1 in 2016 Q4. Its up 0.05, from 0.95 in 2016Q3. It improved, as 65 investors sold APA shares while 256 reduced holdings. 83 funds opened positions while 237 raised stakes. 331.56 million shares or 0.06% less from 331.75 million shares in 2016Q3 were reported. Moreover, Palisade Asset Management Limited Liability Corporation has 0.74% invested in Apache Corporation (NYSE:APA) for 60,977 shares. Glob X Management Communication Ltd Llc holds 2,334 shares. Texas Permanent School Fund holds 0.1% of its portfolio in Apache Corporation (NYSE:APA) for 113,663 shares. Livforsakringsbolaget Skandia Omsesidigt stated it has 24,909 shares. Beese Fulmer Mgmt has invested 0.1% in Apache Corporation (NYSE:APA). Markston Llc has invested 0.49% in Apache Corporation (NYSE:APA). California State Teachers Retirement holds 796,442 shares. Price T Rowe Associates Inc Md holds 0.19% or 14.78 million shares in its portfolio. Ameritas Prtnrs holds 0.03% or 9,071 shares. Huntington Commercial Bank holds 0.01% of its portfolio in Apache Corporation (NYSE:APA) for 6,456 shares. Ameriprise Finance, a Minnesota-based fund reported 615,383 shares. Moreover, Zacks Inv Mngmt has 0.32% invested in Apache Corporation (NYSE:APA). Westpac Banking invested 0% of its portfolio in Apache Corporation (NYSE:APA). Meeder Asset holds 0.05% or 8,840 shares. Trillium Asset Management Limited invested in 146,416 shares or 0.61% of the stock.

Since May 15, 2017, it had 1 insider buy, and 0 selling transactions for $513,800 activity.

Reinhart Partners Inc increased its stake in Apache Corp (APA) by 19.46% based on its latest 2016Q4 regulatory filing with the SEC. Reinhart Partners Inc bought 87,155 shares as the company’s stock declined 7.72% while stock markets rallied. The institutional investor held 534,950 shares of the oil & gas production company at the end of 2016Q4, valued at $33.95 million, up from 447,795 at the end of the previous reported quarter. Reinhart Partners Inc who had been investing in Apache Corp for a number of months, seems to be bullish on the $18.79B market cap company. The stock declined 1.45% or $0.72 reaching $49.1 on the news. About 8,293 shares traded. Apache Corporation (NYSE:APA) has declined 10.21% since June 20, 2016 and is downtrending. It has underperformed by 26.91% the S&P500.

Reinhart Partners Inc, which manages about $4.85 billion and $1.09B US Long portfolio, decreased its stake in Spirit Aerosys Hldgs I Com Cl (NYSE:SPR) by 192,943 shares to 488,115 shares, valued at $28.48M in 2016Q4, according to the filing. It also reduced its holding in Clean Harbors Inc Com (NYSE:CLH) by 375,657 shares in the quarter, leaving it with 22,661 shares, and cut its stake in Fmc Technologies Inc Com (NYSE:FTI).

More notable recent Apache Corporation (NYSE:APA) news were published by: Fool.com which released: “Better Buy: Apache Corp. vs. Anadarko” on June 13, 2017, also Globenewswire.com with their article: “Apache Opens Applications for 2017-2018 Tree Grant Program” published on June 19, 2017, Seekingalpha.com published: “Reuters: Apache sells Canadian oil assets for C$330M” on June 01, 2017. More interesting news about Apache Corporation (NYSE:APA) were released by: Gurufocus.com and their article: “Parkway Announces Short-Term Renewal With Apache Corporation At Post Oak Central” published on June 12, 2017 as well as Costar.com‘s news article titled: “Office Lease Up (June 19) Apache Corp. Extends 524000-SF HQ Lease at Post Oak …” with publication date: June 19, 2017.

Apache Corporation (NYSE:APA) Ratings Coverage

Among 22 analysts covering Apache Corporation (NYSE:APA), 5 have Buy rating, 3 Sell and 14 Hold. Therefore 23% are positive. Apache Corporation had 57 analyst reports since July 21, 2015 according to SRatingsIntel. As per Tuesday, January 5, the company rating was downgraded by Bank of America. Deutsche Bank maintained Apache Corporation (NYSE:APA) rating on Tuesday, March 29. Deutsche Bank has “Hold” rating and $53 target. The stock of Apache Corporation (NYSE:APA) has “Sector Perform” rating given on Friday, March 18 by RBC Capital Markets. Howard Weil upgraded the shares of APA in report on Monday, May 16 to “Outperform” rating. As per Wednesday, March 23, the company rating was downgraded by Capital One. The stock of Apache Corporation (NYSE:APA) has “Buy” rating given on Thursday, April 7 by Citigroup. The firm has “Outperform” rating given on Friday, November 6 by RBC Capital Markets. The rating was initiated by Credit Suisse on Wednesday, July 22 with “Neutral”. Wells Fargo upgraded the shares of APA in report on Friday, April 8 to “Outperform” rating. Argus Research maintained Apache Corporation (NYSE:APA) rating on Tuesday, September 15. Argus Research has “Buy” rating and $65 target.

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