Commonwealth Equity Services LLC reduced its position in APA Co. (NASDAQ:APA - Free Report) by 20.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 52,537 shares of the company's stock after selling 13,103 shares during the period. Commonwealth Equity Services LLC's holdings in APA were worth $1,213,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently modified their holdings of the company. TD Private Client Wealth LLC increased its holdings in APA by 84.1% during the third quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company's stock valued at $29,000 after buying an additional 540 shares during the last quarter. Riverview Trust Co increased its stake in shares of APA by 5,718.2% in the 4th quarter. Riverview Trust Co now owns 1,280 shares of the company's stock worth $30,000 after purchasing an additional 1,258 shares in the last quarter. Wilmington Savings Fund Society FSB raised its holdings 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. MassMutual Private Wealth & Trust FSB raised its holdings in APA by 93.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,614 shares of the company's stock worth $37,000 after purchasing an additional 780 shares during the period. Finally, Rothschild Investment LLC lifted its position in APA by 86.8% during the fourth quarter. Rothschild Investment LLC now owns 2,087 shares of the company's stock valued at $48,000 after purchasing an additional 970 shares in the last quarter. Institutional investors own 83.01% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms have recently commented on APA. UBS Group decreased their price objective on APA from $28.00 to $27.00 and set a "neutral" rating on the stock in a research note on Monday, December 9th. Morgan Stanley set a $22.00 target price on shares of APA and gave the stock an "underweight" rating in a report on Wednesday, March 26th. Susquehanna lowered their price target on shares of APA from $33.00 to $31.00 and set a "positive" rating on the stock in a report on Monday, March 3rd. Barclays reduced 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. Finally, Raymond James downgraded shares of APA from a "strong-buy" rating to an "outperform" rating and decreased their price objective for the company from $45.00 to $32.00 in a research report 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 given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $27.68.
Get Our Latest Research Report on APA
APA Price Performance
Shares of NASDAQ APA traded down $3.50 during midday trading on Thursday, reaching $17.74. 12,802,775 shares of the stock traded hands, compared to its average volume of 6,483,710. The company's 50 day moving average is $21.31 and its 200 day moving average is $22.82. APA Co. has a one year low of $17.66 and a one year high of $36.05. The stock has a market capitalization of $6.46 billion, a PE ratio of 2.51 and a beta of 2.73. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.24 and a quick ratio of 1.24.
APA (NASDAQ:APA - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.18). APA had a net margin of 24.36% and a return on equity of 27.86%. The business had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.31 billion. On average, equities research analysts anticipate that APA Co. will post 4.03 earnings per share for the current year.
APA Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders 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 5.64%. The ex-dividend date is Tuesday, April 22nd. APA's dividend payout ratio is currently 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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