Cerity Partners LLC boosted its position in shares of APA Co. (NASDAQ:APA - Free Report) by 1,079.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 338,704 shares of the company's stock after acquiring an additional 309,994 shares during the quarter. Cerity Partners LLC owned 0.09% of APA worth $7,845,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Brown Brothers Harriman & Co. boosted its stake in shares of APA by 1,087.9% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,176 shares of the company's stock valued at $27,000 after buying an additional 1,077 shares during the period. TD Private Client Wealth LLC grew its holdings in APA by 84.1% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company's stock worth $29,000 after acquiring an additional 540 shares in the last quarter. Riverview Trust Co raised its holdings in shares of APA by 5,718.2% in the 4th quarter. Riverview Trust Co now owns 1,280 shares of the company's stock valued at $30,000 after purchasing an additional 1,258 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its position in shares of APA by 77.9% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company's stock worth $31,000 after purchasing an additional 586 shares during the last quarter. Finally, Runnymede Capital Advisors Inc. acquired a new position in shares of APA during the fourth quarter worth $35,000. 83.01% of the stock is owned by institutional investors and hedge funds.
APA Price Performance
APA traded down $0.31 on Tuesday, hitting $14.89. 10,446,502 shares of the company were exchanged, compared to its average volume of 6,779,807. The business's fifty day moving average is $19.95 and its 200 day moving average is $22.20. APA Co. has a fifty-two week low of $13.58 and a fifty-two week 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 $5.42 billion, a P/E ratio of 2.10 and a beta of 2.74.
APA (NASDAQ:APA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.18). APA had a return on equity of 27.86% and a net margin of 24.36%. The firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.31 billion. As a group, sell-side analysts anticipate that APA Co. will post 4.03 EPS for the current year.
APA Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Tuesday, April 22nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 6.72%. The ex-dividend date is Tuesday, April 22nd. APA's dividend payout ratio (DPR) is presently 44.25%.
Analyst Upgrades and Downgrades
APA has been the subject of a number of recent analyst reports. The Goldman Sachs Group reaffirmed a "sell" rating and set a $23.00 price target on shares of APA in a report on Wednesday, March 19th. Royal Bank of Canada lowered their target price on shares of APA from $27.00 to $24.00 and set a "sector perform" rating for the company in a report on Friday. Scotiabank reduced their price target on shares of APA from $26.00 to $14.00 and set a "sector perform" rating for the company in a research report on Friday. Mizuho dropped their price objective on APA from $25.00 to $24.00 and set an "underperform" rating on the stock in a report on Monday, December 16th. Finally, Citigroup cut their target price on APA from $24.00 to $20.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $26.47.
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APA Profile
(
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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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