Jump Financial LLC lifted its stake in shares of APA Co. (NASDAQ:APA - Free Report) by 48.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 108,130 shares of the company's stock after acquiring an additional 35,479 shares during the period. Jump Financial LLC's holdings in APA were worth $2,497,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also modified their holdings of the company. Invesco Ltd. lifted its stake in APA by 6.9% in the fourth quarter. Invesco Ltd. now owns 13,230,751 shares of the company's stock worth $305,498,000 after acquiring an additional 850,052 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of APA by 7.5% in 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 purchasing an additional 894,574 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of APA by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 9,507,956 shares of the company's stock valued at $219,016,000 after purchasing an additional 200,770 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of APA by 29.4% in the 4th quarter. Bank of New York Mellon Corp now owns 4,092,666 shares of the company's stock valued at $94,500,000 after purchasing an additional 929,770 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS raised its holdings in shares of APA by 6.1% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 1,532,360 shares of the company's stock valued at $35,382,000 after purchasing an additional 88,656 shares in the last quarter. Hedge funds and other institutional investors own 83.01% of the company's stock.
APA Stock Performance
APA stock traded up $0.55 during midday trading on Thursday, reaching $16.20. The company had a trading volume of 2,292,486 shares, compared to its average volume of 6,830,637. 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 price of $18.99 and a 200 day moving average price of $21.75. APA Co. has a fifty-two week low of $13.58 and a fifty-two week high of $33.41. The firm has a market capitalization of $5.86 billion, a PE ratio of 2.27 and a beta of 2.74.
APA (NASDAQ:APA - Get Free Report) last released its earnings results on Wednesday, February 26th. The company reported $0.79 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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. Analysts anticipate that APA Co. will post 4.03 earnings per share for the current year.
APA Dividend Announcement
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 given a dividend of $0.25 per share. The ex-dividend date is Tuesday, April 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 6.17%. APA's payout ratio is presently 44.25%.
Analyst Ratings Changes
Several brokerages have recently weighed in on APA. Wells Fargo & Company lowered their target price on shares of APA from $25.00 to $23.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 26th. The Goldman Sachs Group reaffirmed a "sell" rating and issued a $23.00 target price on shares of APA in a report on Wednesday, March 19th. Susquehanna decreased their price objective on shares of APA from $31.00 to $30.00 and set a "positive" rating on the stock in a report on Tuesday. Scotiabank decreased their price objective on shares of APA from $26.00 to $14.00 and set a "sector perform" rating on the stock in a report on Friday, April 11th. Finally, Raymond James lowered APA from a "strong-buy" rating to an "outperform" rating and reduced their price target for the stock from $45.00 to $32.00 in a research note on Monday, March 10th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, APA presently has a consensus rating of "Hold" and an average target price of $25.79.
Check Out 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.
See Also
Before you consider APA, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and APA wasn't on the list.
While APA currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
