AGF Management Ltd. Invests $2.65 Million in APA Co. (NASDAQ:APA)

AGF Management Ltd. purchased a new stake in APA Co. (NASDAQ:APA - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 114,898 shares of the company's stock, valued at approximately $2,653,000.

A number of other hedge funds have also added to or reduced their stakes in APA. Janney Montgomery Scott LLC lifted its stake in APA by 22.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 65,071 shares of the company's stock valued at $1,503,000 after acquiring an additional 12,077 shares in the last quarter. US Bancorp DE lifted its position in shares of APA by 2.2% during the fourth quarter. US Bancorp DE now owns 47,719 shares of the company's stock valued at $1,102,000 after purchasing an additional 1,010 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in APA by 4.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 11,991,513 shares of the company's stock worth $293,312,000 after purchasing an additional 485,291 shares during the last quarter. Baader Bank Aktiengesellschaft grew its position in APA by 175.8% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 23,500 shares of the company's stock worth $543,000 after purchasing an additional 14,980 shares in the last quarter. Finally, HITE Hedge Asset Management LLC purchased a new stake in APA in the 3rd quarter valued at about $7,238,000. Institutional investors and hedge funds own 83.01% of the company's stock.

APA Stock Performance

Shares of APA opened at $19.04 on Friday. APA Co. has a 12 month low of $17.66 and a 12 month high of $36.05. The business's fifty day simple moving average is $22.45 and its two-hundred day simple moving average is $23.46. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03. The company has a market cap of $6.93 billion, a price-to-earnings ratio of 2.69 and a beta of 3.26.

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APA (NASDAQ:APA - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.18). The business had revenue of $2.50 billion for the quarter, compared to analysts' expectations of $2.31 billion. APA had a net margin of 24.36% and a return on equity of 27.86%. Research analysts anticipate that APA Co. will post 4.03 earnings per share for the current fiscal year.

APA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Tuesday, April 22nd will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, April 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 5.25%. APA's dividend payout ratio (DPR) is 44.25%.

Analysts Set New Price Targets

A number of brokerages recently commented on APA. UBS Group dropped their price target on APA from $28.00 to $27.00 and set a "neutral" rating on the stock in a report on Monday, December 9th. Piper Sandler lowered their target price on APA from $26.00 to $23.00 and set a "neutral" rating on the stock in a research note on Tuesday, December 17th. Citigroup reduced their price target on shares of APA from $29.00 to $24.00 and set a "neutral" rating for the company in a research report on Tuesday, November 26th. Wells Fargo & Company lowered shares of APA from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $42.00 to $25.00 in a research report on Tuesday, December 17th. Finally, JPMorgan Chase & Co. reduced their target price on shares of APA from $23.00 to $20.00 and set a "neutral" rating for the company in a research report on Thursday. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $28.90.

APA Company Profile

APA Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids. It has oil and gas operations in the United States, Egypt, and North Sea. The company also has exploration and appraisal activities in Suriname, as well as holds interests in projects located in Uruguay and internationally.

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