A&I Financial Services LLC acquired a new stake in shares of APA Co. (NASDAQ:APA - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 16,826 shares of the company's stock, valued at approximately $389,000.
Other hedge funds have also recently made changes to their positions in the company. Proficio Capital Partners LLC bought a new stake in shares of APA during the 4th quarter valued at about $1,442,000. Whipplewood Advisors LLC bought a new stake in APA during the fourth quarter valued at approximately $56,000. Gibraltar Capital Management Inc. increased its holdings in APA by 3.3% during the fourth quarter. Gibraltar Capital Management Inc. now owns 214,450 shares of the company's stock valued at $4,952,000 after buying an additional 6,872 shares during the last quarter. Horizon Advisory Services Inc. bought a new position in APA in the fourth quarter worth approximately $293,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of APA by 29.4% during the 4th quarter. Bank of New York Mellon Corp now owns 4,092,666 shares of the company's stock worth $94,500,000 after acquiring an additional 929,770 shares during the last quarter. 83.01% of the stock is owned by hedge funds and other institutional investors.
APA Trading Down 8.7 %
NASDAQ:APA traded down $1.81 during midday trading on Monday, hitting $18.89. The stock had a trading volume of 11,648,293 shares, compared to its average volume of 7,817,751. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.03. The stock has a 50-day moving average of $22.98 and a 200 day moving average of $23.98. The company has a market capitalization of $6.99 billion, a price-to-earnings ratio of 2.67 and a beta of 3.15. APA Co. has a one year low of $18.66 and a one year high of $36.04.
APA (NASDAQ:APA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.18). APA had a net margin of 24.36% and a return on equity of 27.86%. The firm had revenue of $2.50 billion for the quarter, compared to analysts' expectations of $2.31 billion. As a group, sell-side analysts forecast that APA Co. will post 4.03 EPS for the current year.
APA Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Tuesday, April 22nd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.29%. APA's dividend payout ratio is presently 44.25%.
Insider Activity
In other news, Director Juliet S. Ellis purchased 4,391 shares of the stock in a transaction dated Thursday, December 12th. The shares were acquired at an average cost of $22.78 per share, for a total transaction of $100,026.98. Following the acquisition, the director now owns 12,436 shares of the company's stock, valued at approximately $283,292.08. This represents a 54.58 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.30% of the company's stock.
Wall Street Analyst Weigh In
APA has been the subject of a number of analyst reports. Raymond James upped their price target on APA from $44.00 to $45.00 and gave the stock a "strong-buy" rating in a research report on Thursday, January 23rd. UBS Group lowered their price objective on APA from $28.00 to $27.00 and set a "neutral" rating on the stock in a research report on Monday, December 9th. Wells Fargo & Company cut APA from an "overweight" rating to an "equal weight" rating and lowered their price target for the stock from $42.00 to $25.00 in a report on Tuesday, December 17th. Mizuho dropped their target price on shares of APA from $25.00 to $24.00 and set an "underperform" rating for the company in a research report on Monday, December 16th. Finally, Truist Financial decreased their price target on shares of APA from $36.00 to $33.00 and set a "buy" rating on the stock in a research note on Friday, November 8th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, APA presently has an average rating of "Hold" and an average target price of $29.80.
Get Our Latest Research Report on APA
APA Profile
(
Free Report)
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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