UniSuper Management Pty Ltd lifted its stake in APA Co. (NASDAQ:APA - Free Report) by 25.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 82,652 shares of the company's stock after acquiring an additional 17,025 shares during the period. UniSuper Management Pty Ltd's holdings in APA were worth $1,908,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of APA. TD Private Client Wealth LLC raised its holdings in APA by 84.1% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company's stock valued at $29,000 after acquiring an additional 540 shares in the last quarter. Riverview Trust Co increased its position in shares of APA by 5,718.2% during the fourth 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 during the period. Wilmington Savings Fund Society FSB raised its stake in shares of APA by 77.9% in 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 in the last quarter. Runnymede Capital Advisors Inc. bought a new position in APA in the fourth quarter worth $35,000. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in APA by 93.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,614 shares of the company's stock worth $37,000 after buying an additional 780 shares in the last quarter. Institutional investors own 83.01% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on APA shares. Raymond James downgraded shares of APA from a "strong-buy" rating to an "outperform" rating and reduced their price objective for the stock from $45.00 to $32.00 in a report on Monday, March 10th. Morgan Stanley set a $22.00 price target on shares of APA and gave the stock an "underweight" rating in a research note on Wednesday, March 26th. The Goldman Sachs Group reiterated a "sell" rating and issued a $23.00 price objective on shares of APA in a research note on Wednesday, March 19th. UBS Group cut their target price on APA from $28.00 to $27.00 and set a "neutral" rating for the company in a research report on Monday, December 9th. Finally, Piper Sandler lowered their price target on APA from $26.00 to $23.00 and set a "neutral" rating on the stock in a research report on Tuesday, December 17th. Four 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 company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $27.68.
Read Our Latest Research Report on APA
APA Price Performance
Shares of APA stock traded down $2.56 during midday trading on Friday, reaching $15.18. The company had a trading volume of 19,921,606 shares, compared to its average volume of 6,535,541. The stock has a fifty day simple moving average of $21.14 and a 200 day simple moving average of $22.75. APA Co. has a 1-year low of $14.87 and a 1-year high of $36.05. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $5.53 billion, a price-to-earnings ratio of 2.14 and a beta of 2.73.
APA (NASDAQ:APA - Get Free Report) last released its earnings results 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 firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.31 billion. APA had a return on equity of 27.86% and a net margin of 24.36%. As a group, equities research analysts forecast that APA Co. will post 4.03 earnings per share for the current year.
APA Dividend Announcement
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 paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.59%. APA's dividend payout ratio (DPR) is presently 44.25%.
About APA
(
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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