Alliancebernstein L.P. cut its stake in shares of APA Co. (NASDAQ:APA - Free Report) by 6.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 480,365 shares of the company's stock after selling 33,922 shares during the period. Alliancebernstein L.P. owned approximately 0.13% of APA worth $11,092,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the stock. Van ECK Associates Corp increased its holdings in shares of APA by 0.6% in the 4th quarter. Van ECK Associates Corp now owns 77,110 shares of the company's stock valued at $1,780,000 after purchasing an additional 469 shares during the period. TD Private Client Wealth LLC boosted its stake in shares of APA by 84.1% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company's stock valued at $29,000 after buying an additional 540 shares during the period. Asset Management One Co. Ltd. grew its holdings in shares of APA by 0.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 138,991 shares of the company's stock valued at $3,070,000 after acquiring an additional 544 shares in the last quarter. Segment Wealth Management LLC increased its stake in shares of APA by 1.1% in the fourth quarter. Segment Wealth Management LLC now owns 54,938 shares of the company's stock worth $1,269,000 after acquiring an additional 571 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its position in APA by 77.9% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company's stock valued at $31,000 after purchasing an additional 586 shares during the last quarter. 83.01% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
APA has been the subject of several recent research reports. Piper Sandler lowered their price target on APA from $26.00 to $23.00 and set a "neutral" rating for the company in a research note on Tuesday, December 17th. Raymond James downgraded shares of APA from a "strong-buy" rating to an "outperform" rating and lowered their target price for the stock from $45.00 to $32.00 in a research report on Monday, March 10th. Mizuho decreased their price target on APA from $25.00 to $24.00 and set an "underperform" rating for the company in a research note on Monday, December 16th. Wells Fargo & Company reduced their target price on APA from $25.00 to $23.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. Finally, Barclays dropped their price target on shares of APA from $27.00 to $25.00 and set an "equal weight" rating on the stock in a research report on Tuesday, March 18th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, APA has an average rating of "Hold" and a consensus target price of $26.58.
Check Out Our Latest Research Report on APA
APA Price Performance
Shares of NASDAQ:APA traded down $0.03 during midday trading on Tuesday, reaching $15.17. 2,031,610 shares of the company's stock were exchanged, compared to its average volume of 6,743,066. APA Co. has a 12 month low of $13.58 and a 12 month high of $33.88. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market capitalization of $5.52 billion, a PE ratio of 2.13 and a beta of 2.74. The company's 50 day simple moving average is $19.95 and its two-hundred day simple moving average is $22.20.
APA (NASDAQ:APA - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.79 earnings per share for the quarter, missing analysts' consensus estimates of $0.97 by ($0.18). The company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.31 billion. APA had a net margin of 24.36% and a return on equity of 27.86%. Equities research analysts expect that APA Co. will post 4.03 earnings per share for the current fiscal year.
APA Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Tuesday, April 22nd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $1.00 annualized dividend and a dividend yield of 6.59%. APA's dividend payout ratio is presently 44.25%.
APA Company Profile
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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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