iA Global Asset Management Inc. Has $715,000 Position in APA Co. (NASDAQ:APA)

iA Global Asset Management Inc. lifted its stake in APA Co. (NASDAQ:APA - Free Report) by 187.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,949 shares of the company's stock after acquiring an additional 20,199 shares during the quarter. iA Global Asset Management Inc.'s holdings in APA were worth $715,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of APA. GSA Capital Partners LLP bought a new stake in APA in the third quarter worth $281,000. Natixis Advisors LLC boosted its stake in shares of APA by 15.1% during the 3rd quarter. Natixis Advisors LLC now owns 101,334 shares of the company's stock worth $2,478,000 after acquiring an additional 13,266 shares in the last quarter. Quest Partners LLC acquired a new position in shares of APA during the 3rd quarter valued at about $344,000. Pathstone Holdings LLC raised its stake in shares of APA by 2.7% in the 3rd quarter. Pathstone Holdings LLC now owns 68,074 shares of the company's stock valued at $1,665,000 after acquiring an additional 1,771 shares in the last quarter. Finally, Caprock Group LLC boosted its position in APA by 21.9% during the third quarter. Caprock Group LLC now owns 12,828 shares of the company's stock worth $314,000 after purchasing an additional 2,305 shares during the period. 83.01% of the stock is currently owned by hedge funds and other institutional investors.

APA Price Performance

Shares of APA traded up $0.13 during trading hours on Tuesday, hitting $20.97. The stock had a trading volume of 2,092,142 shares, compared to its average volume of 6,474,516. The stock has a market capitalization of $7.63 billion, a price-to-earnings ratio of 2.96 and a beta of 3.26. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.24 and a quick ratio of 1.24. The company's fifty day moving average is $21.90 and its two-hundred day moving average is $23.00. APA Co. has a 52 week low of $17.66 and a 52 week high of $36.05.

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APA (NASDAQ:APA - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.31 billion. APA had a return on equity of 27.86% and a net margin of 24.36%. On average, analysts anticipate 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. Shareholders of record on Tuesday, April 22nd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.77%. The ex-dividend date is Tuesday, April 22nd. APA's dividend payout ratio is currently 44.25%.

Analyst Ratings Changes

A number of research analysts recently issued reports on APA shares. Mizuho lowered their target price on shares of APA from $25.00 to $24.00 and set an "underperform" rating on the stock in a research note on Monday, December 16th. The Goldman Sachs Group dropped their price objective on APA from $25.00 to $22.00 and set a "sell" rating on the stock in a research note on Friday, January 3rd. UBS Group decreased their target price on APA from $28.00 to $27.00 and set a "neutral" rating for the company in a research note on Monday, December 9th. Barclays cut their price target on APA from $27.00 to $25.00 and set an "equal weight" rating for the company in a report on Tuesday, March 18th. Finally, Susquehanna cut their target price on shares of APA from $33.00 to $31.00 and set a "positive" rating for the company in a research note on Monday, March 3rd. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $28.60.

APA 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.