AXQ Capital LP purchased a new stake in shares of APA Co. (NASDAQ:APA - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 22,838 shares of the company's stock, valued at approximately $527,000.
Several other institutional investors also recently bought and sold shares of the business. Sei Investments Co. lifted its holdings in shares of APA by 121.5% during the 4th quarter. Sei Investments Co. now owns 295,596 shares of the company's stock valued at $6,825,000 after acquiring an additional 162,149 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of APA by 30.7% during the fourth quarter. American Century Companies Inc. now owns 697,224 shares of the company's stock worth $16,099,000 after purchasing an additional 163,608 shares in the last quarter. Runnymede Capital Advisors Inc. purchased a new stake in shares of APA in the fourth quarter worth about $35,000. Washington Trust Bank grew its stake in shares of APA by 34.4% in the fourth quarter. Washington Trust Bank now owns 11,449 shares of the company's stock valued at $264,000 after buying an additional 2,931 shares in the last quarter. Finally, Semanteon Capital Management LP purchased a new stake in shares of APA during the 4th quarter valued at about $450,000. 83.01% of the stock is currently owned by hedge funds and other institutional investors.
APA Price Performance
Shares of APA stock traded up $0.10 on Thursday, hitting $21.20. The company had a trading volume of 4,516,126 shares, compared to its average volume of 6,424,671. APA Co. has a 52 week low of $17.66 and a 52 week high of $36.05. 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 has a market cap of $7.72 billion, a PE ratio of 2.99 and a beta of 3.26. The business has a 50-day simple moving average of $21.73 and a 200-day simple moving average of $22.96.
APA (NASDAQ:APA - Get Free Report) last issued 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). APA had a net margin of 24.36% and a return on equity of 27.86%. The firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.31 billion. Research analysts expect that APA Co. will post 4.03 EPS for the current fiscal year.
APA Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Tuesday, April 22nd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date of this dividend is Tuesday, April 22nd. APA's payout ratio is currently 44.25%.
Analyst Ratings Changes
A number of analysts have recently issued reports on the stock. Mizuho dropped their price objective 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. Piper Sandler decreased their price objective on shares of APA from $26.00 to $23.00 and set a "neutral" rating for the company in a report on Tuesday, December 17th. Susquehanna lowered their price objective on APA from $33.00 to $31.00 and set a "positive" rating for the company in a report on Monday, March 3rd. Barclays cut their price objective on APA from $27.00 to $25.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 18th. Finally, Raymond James downgraded APA from a "strong-buy" rating to an "outperform" rating and lowered their price target for the company from $45.00 to $32.00 in a report on Monday, March 10th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $28.20.
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About APA
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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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