Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of APA Co. (NASDAQ:APA - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 43,136 shares of the company's stock, valued at approximately $996,000.
A number of other institutional investors have also added to or reduced their stakes in the stock. Van ECK Associates Corp increased its position in shares of APA by 0.6% during the fourth quarter. Van ECK Associates Corp now owns 77,110 shares of the company's stock valued at $1,780,000 after buying an additional 469 shares during the period. TD Private Client Wealth LLC increased 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 worth $29,000 after acquiring an additional 540 shares during the period. Asset Management One Co. Ltd. increased its holdings in APA by 0.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 138,991 shares of the company's stock worth $3,070,000 after acquiring an additional 544 shares during the period. Segment Wealth Management LLC lifted its stake in APA by 1.1% in the 4th quarter. Segment Wealth Management LLC now owns 54,938 shares of the company's stock worth $1,269,000 after purchasing an additional 571 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB boosted 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 valued at $31,000 after purchasing an additional 586 shares during the period. Hedge funds and other institutional investors own 83.01% of the company's stock.
APA Trading Up 1.1 %
Shares of NASDAQ:APA traded up $0.23 on Monday, hitting $20.84. The company had a trading volume of 4,674,262 shares, compared to its average volume of 6,474,876. The firm's 50-day simple moving average is $21.97 and its two-hundred day simple moving average is $23.04. The firm has a market capitalization of $7.59 billion, a price-to-earnings ratio of 2.94 and a beta of 3.26. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.03. APA Co. has a 1 year low of $17.66 and a 1 year high of $36.05.
APA (NASDAQ:APA - Get Free Report) last issued 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 return on equity of 27.86% and a net margin of 24.36%. The company had revenue of $2.50 billion during the quarter, compared to analysts' expectations of $2.31 billion. Equities analysts anticipate that APA Co. will post 4.03 earnings per share for the current fiscal year.
APA Dividend Announcement
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 paid a $0.25 dividend. The ex-dividend date is Tuesday, April 22nd. This represents a $1.00 annualized dividend and a yield of 4.80%. APA's payout ratio is 44.25%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on APA shares. Wells Fargo & Company downgraded APA from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $42.00 to $25.00 in a research report on Tuesday, December 17th. Citigroup lowered their price target on APA from $24.00 to $20.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. The Goldman Sachs Group cut their price objective on APA from $25.00 to $22.00 and set a "sell" rating for the company in a report on Friday, January 3rd. Raymond James downgraded shares of APA from a "strong-buy" rating to an "outperform" rating and lowered their target price for the company from $45.00 to $32.00 in a research note on Monday, March 10th. Finally, Piper Sandler cut their price target on shares of APA from $26.00 to $23.00 and set a "neutral" rating for the company in a research note on Tuesday, December 17th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $28.60.
View Our Latest Report on APA
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.
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