Schroder Investment Management Group raised its stake in shares of APA Co. (NASDAQ:APA - Free Report) by 73.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 807,142 shares of the company's stock after buying an additional 342,698 shares during the quarter. Schroder Investment Management Group owned about 0.22% of APA worth $18,096,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp boosted its stake in APA by 29.4% during the fourth quarter. Bank of New York Mellon Corp now owns 4,092,666 shares of the company's stock valued at $94,500,000 after buying an additional 929,770 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of APA by 7.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,886,087 shares of the company's stock valued at $297,540,000 after acquiring an additional 894,574 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of APA in the fourth quarter valued at $14,524,000. South Dakota Investment Council increased its position in APA by 96.6% in the fourth quarter. South Dakota Investment Council now owns 774,245 shares of the company's stock worth $17,877,000 after purchasing an additional 380,510 shares during the last quarter. Finally, Madison Investment Advisors LLC purchased a new stake in APA during the fourth quarter valued at $8,282,000. Institutional investors own 83.01% of the company's stock.
APA Stock Down 1.4 %
Shares of APA stock traded down $0.22 on Monday, hitting $14.96. The stock had a trading volume of 16,882,194 shares, compared to its average volume of 6,578,649. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.03. APA Co. has a one year low of $14.37 and a one year high of $36.05. The business has a 50 day moving average price of $20.97 and a 200 day moving average price of $22.65. The company has a market cap of $5.45 billion, a PE ratio of 2.11 and a beta of 2.74.
APA (NASDAQ:APA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.18). The business had revenue of $2.50 billion during the quarter, compared to analysts' expectations of $2.31 billion. APA had a return on equity of 27.86% and a net margin of 24.36%. 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 declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Tuesday, April 22nd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 6.68%. The ex-dividend date of this dividend is Tuesday, April 22nd. APA's payout ratio is 44.25%.
Analyst Upgrades and Downgrades
APA has been the topic of a number of research reports. Morgan Stanley set a $22.00 target price on shares of APA and gave the stock an "underweight" rating in a report on Wednesday, March 26th. UBS Group reduced their price objective on APA from $28.00 to $27.00 and set a "neutral" rating on the stock in a research note on Monday, December 9th. Raymond James lowered APA from a "strong-buy" rating to an "outperform" rating and lowered their price objective for the company from $45.00 to $32.00 in a research note on Monday, March 10th. Piper Sandler cut their target price on APA from $26.00 to $23.00 and set a "neutral" rating on the stock in a research report on Tuesday, December 17th. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $32.00 price target on shares of APA in a research report on Thursday, January 23rd. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $27.68.
Read Our Latest Report on APA
APA Company 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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