Trexquant Investment LP lessened its stake in APA Co. (NASDAQ:APA - Free Report) by 68.9% 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 124,882 shares of the company's stock after selling 276,228 shares during the period. Trexquant Investment LP's holdings in APA were worth $2,884,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Brown Brothers Harriman & Co. boosted its position in APA by 1,087.9% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,176 shares of the company's stock valued at $27,000 after buying an additional 1,077 shares during the period. TD Private Client Wealth LLC boosted its holdings in APA by 84.1% during 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 during the period. Riverview Trust Co grew its position in APA by 5,718.2% during the 4th quarter. Riverview Trust Co now owns 1,280 shares of the company's stock worth $30,000 after acquiring an additional 1,258 shares during the last quarter. Wilmington Savings Fund Society FSB increased its stake in APA by 77.9% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company's stock worth $31,000 after purchasing an additional 586 shares during the period. Finally, Runnymede Capital Advisors Inc. bought a new stake in APA in the fourth quarter valued at approximately $35,000. Institutional investors own 83.01% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts recently commented on the stock. The Goldman Sachs Group reaffirmed a "sell" rating and issued a $23.00 target price on shares of APA in a research note on Wednesday, March 19th. Barclays lowered their price objective on shares of APA from $27.00 to $25.00 and set an "equal weight" rating for the company in a research note on Tuesday, March 18th. Piper Sandler reduced their price target on APA from $26.00 to $23.00 and set a "neutral" rating on the stock in a report on Tuesday, December 17th. Raymond James cut APA from a "strong-buy" rating to an "outperform" rating and dropped their price objective for the stock from $45.00 to $32.00 in a report on Monday, March 10th. Finally, Citigroup decreased their target price on APA from $24.00 to $20.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, APA has an average rating of "Hold" and an average price target of $26.58.
View Our Latest Stock Analysis on APA
APA Stock Up 3.0 %
APA stock traded up $0.44 during mid-day trading on Friday, hitting $15.04. The company had a trading volume of 10,987,669 shares, compared to its average volume of 6,743,184. APA Co. has a 12 month low of $13.58 and a 12 month high of $35.25. The company has a market capitalization of $5.48 billion, a PE ratio of 2.12 and a beta of 2.74. The stock's 50 day moving average price is $20.09 and its two-hundred day moving average price is $22.27. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03.
APA (NASDAQ:APA - Get Free Report) last announced its quarterly 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). The firm had revenue of $2.50 billion during 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, sell-side analysts anticipate that APA Co. will post 4.03 earnings per share for the current fiscal year.
APA Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Tuesday, April 22nd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 6.65%. The ex-dividend date of this dividend is Tuesday, April 22nd. APA's dividend payout ratio (DPR) is currently 44.25%.
APA Company Profile
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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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