Pioneer Investment Management Holding in Apache (APA) Has Decreased by $5.34 Million; As Apple (AAPL) Market Valuation Rose, Finemark National Bank & Trust Has Lowered by $1.31 Million Its Position

January 13, 2018 - By Adrian Erickson

Pioneer Investment Management Inc decreased its stake in Apache Corporation (APA) by 28.1% based on its latest 2017Q3 regulatory filing with the SEC. Pioneer Investment Management Inc sold 118,574 shares as the company’s stock declined 7.72% while stock markets rallied. The institutional investor held 303,371 shares of the oil & gas production company at the end of 2017Q3, valued at $13.89M, down from 421,945 at the end of the previous reported quarter. Pioneer Investment Management Inc who had been investing in Apache Corporation for a number of months, seems to be less bullish one the $17.97 billion market cap company. The stock increased 2.52% or $1.16 during the last trading session, reaching $47.16. About 3.73M shares traded or 9.61% up from the average. Apache Corporation (NYSE:APA) has declined 10.21% since January 13, 2017 and is downtrending. It has underperformed by 26.91% the S&P500.

Finemark National Bank & Trust decreased its stake in Apple Inc (AAPL) by 3.63% based on its latest 2017Q3 regulatory filing with the SEC. Finemark National Bank & Trust sold 8,481 shares as the company’s stock rose 12.78% with the market. The institutional investor held 225,310 shares of the computer manufacturing company at the end of 2017Q3, valued at $34.73M, down from 233,791 at the end of the previous reported quarter. Finemark National Bank & Trust who had been investing in Apple Inc for a number of months, seems to be less bullish one the $900.87B market cap company. The stock increased 1.03% or $1.81 during the last trading session, reaching $177.09. About 25.42 million shares traded. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since January 13, 2017 and is uptrending. It has outperformed by 45.78% the S&P500.

Since December 13, 2017, it had 1 insider purchase, and 0 selling transactions for $120,064 activity.

Among 27 analysts covering Apache Corporation (NYSE:APA), 5 have Buy rating, 5 Sell and 17 Hold. Therefore 19% are positive. Apache Corporation had 92 analyst reports since July 21, 2015 according to SRatingsIntel. Stifel Nicolaus maintained Apache Corporation (NYSE:APA) rating on Thursday, July 13. Stifel Nicolaus has “Hold” rating and $4600 target. The firm has “Hold” rating given on Thursday, July 20 by RBC Capital Markets. Zacks downgraded the stock to “Buy” rating in Monday, August 10 report. Citigroup maintained it with “Neutral” rating and $50 target in Friday, July 21 report. The rating was maintained by Bernstein with “Outperform” on Thursday, March 10. The firm earned “Equal-Weight” rating on Tuesday, September 13 by Barclays Capital. RBC Capital Markets maintained the stock with “Hold” rating in Friday, November 3 report. The stock of Apache Corporation (NYSE:APA) has “Sell” rating given on Friday, April 21 by Barclays Capital. On Thursday, August 3 the stock rating was maintained by BMO Capital Markets with “Hold”. The firm earned “Hold” rating on Monday, June 26 by BMO Capital Markets.

Pioneer Investment Management Inc, which manages about $65.36 billion and $31.40B US Long portfolio, upped its stake in Patterson (NASDAQ:PTEN) by 128,871 shares to 1.50M shares, valued at $31.33 million in 2017Q3, according to the filing. It also increased its holding in Constellation Brands Inc (NYSE:STZ) by 15,853 shares in the quarter, for a total of 55,850 shares, and has risen its stake in Exact Sciences Corporation (NASDAQ:EXAS).

Investors sentiment increased to 1.05 in Q3 2017. Its up 0.31, from 0.74 in 2017Q2. It improved, as 60 investors sold APA shares while 202 reduced holdings. 66 funds opened positions while 209 raised stakes. 348.95 million shares or 1.76% more from 342.91 million shares in 2017Q2 were reported. Pacific Heights Asset Ltd invested 0.87% in Apache Corporation (NYSE:APA). 128,651 were accumulated by Paragon Mgmt Lc. 717,546 are owned by Royal Bancorp Of Canada. Envestnet Asset Mgmt Incorporated has 72,558 shares. Dowling And Yahnke Limited Liability Corp has invested 0.03% in Apache Corporation (NYSE:APA). Scotia Cap Inc stated it has 12,560 shares. Schwartz Counsel holds 0.02% or 6,400 shares in its portfolio. Bp Public Limited Company reported 44,000 shares or 0.07% of all its holdings. Argent Trust Com has 0.32% invested in Apache Corporation (NYSE:APA) for 25,289 shares. Pinnacle Assocs Ltd holds 4,785 shares or 0% of its portfolio. Geode Management Ltd owns 3.91M shares for 0.07% of their portfolio. Exxonmobil Management Tx reported 69,564 shares. Whittier Tru accumulated 0.32% or 190,633 shares. Morgan Stanley owns 0.01% invested in Apache Corporation (NYSE:APA) for 1.04 million shares. First Advsr Lp holds 0.01% or 66,985 shares.

Analysts await Apache Corporation (NYSE:APA) to report earnings on February, 22. They expect $0.12 earnings per share, up 300.00% or $0.18 from last year’s $-0.06 per share. APA’s profit will be $45.71 million for 98.25 P/E if the $0.12 EPS becomes a reality. After $0.04 actual earnings per share reported by Apache Corporation for the previous quarter, Wall Street now forecasts 200.00% EPS growth.

Investors sentiment increased to 0.7 in Q3 2017. Its up 0.02, from 0.68 in 2017Q2. It is positive, as 52 investors sold AAPL shares while 1034 reduced holdings. 116 funds opened positions while 640 raised stakes. 2.97 billion shares or 2.78% less from 3.06 billion shares in 2017Q2 were reported. Sterling Cap Mgmt Limited reported 224,095 shares. Moreover, Qci Asset Management has 2.74% invested in Apple Inc. (NASDAQ:AAPL). Plante Moran Financial Advsr Limited Co holds 32,911 shares. Jane Street Gp Ltd Liability Corp holds 0.32% or 633,655 shares in its portfolio. Stevens First Principles Investment Advisors invested in 0.73% or 8,674 shares. Arcadia Investment Corporation Mi reported 2.61% in Apple Inc. (NASDAQ:AAPL). The Connecticut-based Yhb Investment Advsrs has invested 3.44% in Apple Inc. (NASDAQ:AAPL). Folger Nolan Fleming Douglas Cap Mgmt invested 0.84% in Apple Inc. (NASDAQ:AAPL). Stelac Advisory Ser Ltd Liability reported 3,588 shares. 115,106 are held by Bowling Limited Liability. 32,352 were reported by Macnealy Hoover Inv. 25,283 are held by Excalibur Mngmt Corporation. Columbus Circle Investors reported 947,438 shares. Beach Investment Mngmt Ltd Llc holds 2.2% or 8,210 shares in its portfolio. First Hawaiian Bank & Trust owns 5,767 shares.

Finemark National Bank & Trust, which manages about $1.50B US Long portfolio, upped its stake in Ishares Tr (IWM) by 16,515 shares to 299,747 shares, valued at $44.42M in 2017Q3, according to the filing. It also increased its holding in Procter And Gamble Co (NYSE:PG) by 3,362 shares in the quarter, for a total of 145,235 shares, and has risen its stake in Ishares Tr (EFA).

Since August 7, 2017, it had 0 buys, and 12 selling transactions for $93.68 million activity. Shares for $5.00M were sold by SEWELL D BRUCE on Monday, August 7. On Monday, August 28 the insider Srouji Johny sold $948,612. The insider KONDO CHRIS sold 6,209 shares worth $1.01M. The insider Riccio Daniel J. sold $2.65 million. COOK TIMOTHY D sold $43.15M worth of stock or 268,623 shares. 63,388 shares were sold by AHRENDTS ANGELA J, worth $9.78M on Tuesday, October 3.

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