Guggenheim Capital LLC lowered its position in shares of APA Co. (NASDAQ:APA - Free Report) by 45.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 54,745 shares of the company's stock after selling 46,007 shares during the period. Guggenheim Capital LLC's holdings in APA were worth $1,264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MML Investors Services LLC purchased a new stake in APA in the third quarter valued at approximately $214,000. Sanctuary Advisors LLC boosted its stake in shares of APA by 23.0% in the third quarter. Sanctuary Advisors LLC now owns 11,678 shares of the company's stock valued at $266,000 after purchasing an additional 2,185 shares during the period. PVG Asset Management Corp purchased a new stake in APA during the 3rd quarter worth approximately $757,000. Tidal Investments LLC boosted its position in APA by 154.2% in the 3rd quarter. Tidal Investments LLC now owns 62,400 shares of the company's stock valued at $1,526,000 after buying an additional 37,855 shares during the period. Finally, Synovus Financial Corp increased its position in shares of APA by 144.3% during the third quarter. Synovus Financial Corp now owns 30,925 shares of the company's stock worth $756,000 after acquiring an additional 18,268 shares during the period. Institutional investors and hedge funds own 83.01% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the company. Morgan Stanley set a $20.00 price objective on APA and gave the company an "underweight" rating in a research note on Tuesday, April 15th. Citigroup dropped their price objective on shares of APA from $20.00 to $15.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Scotiabank decreased their price objective 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, April 11th. Raymond James lowered APA from a "strong-buy" rating to an "outperform" rating and dropped their target price for the company from $45.00 to $32.00 in a report on Monday, March 10th. Finally, 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. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, APA presently has a consensus rating of "Hold" and a consensus price target of $25.79.
View Our Latest Stock Analysis on APA
APA Stock Performance
Shares of APA traded up $0.09 during mid-day trading on Friday, hitting $16.35. 4,636,640 shares of the company's stock were exchanged, compared to its average volume of 6,843,636. The business's 50 day moving average is $18.71 and its two-hundred day moving average is $21.61. 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 firm has a market capitalization of $5.91 billion, a P/E ratio of 2.31 and a beta of 2.74. APA Co. has a fifty-two week low of $13.58 and a fifty-two week high of $33.41.
APA (NASDAQ:APA - Get Free Report) last issued 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 company 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, equities analysts expect that APA Co. will post 4.03 earnings per share for the current year.
APA Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Tuesday, April 22nd will be given a $0.25 dividend. The ex-dividend date is Tuesday, April 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 6.12%. APA's payout ratio is currently 44.25%.
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.
Featured Stories
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
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
