DRW Securities LLC Acquires Shares of 78,739 APA Co. (NASDAQ:APA)

DRW Securities LLC purchased a new stake in shares of APA Co. (NASDAQ:APA - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 78,739 shares of the company's stock, valued at approximately $1,818,000.

Several other large investors have also bought and sold shares of APA. Geode Capital Management LLC boosted its holdings in APA by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 9,507,956 shares of the company's stock worth $219,016,000 after acquiring an additional 200,770 shares during the last quarter. Janney Montgomery Scott LLC grew its position in APA by 22.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 65,071 shares of the company's stock worth $1,503,000 after purchasing an additional 12,077 shares in the last quarter. US Bancorp DE increased its stake in APA by 2.2% in the 4th quarter. US Bancorp DE now owns 47,719 shares of the company's stock valued at $1,102,000 after buying an additional 1,010 shares during the last quarter. Baader Bank Aktiengesellschaft lifted its position in shares of APA by 175.8% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 23,500 shares of the company's stock worth $543,000 after buying an additional 14,980 shares in the last quarter. Finally, PVG Asset Management Corp purchased a new position in shares of APA in the 3rd quarter worth approximately $757,000. 83.01% of the stock is owned by institutional investors.

APA Trading Down 0.9 %

APA stock traded down $0.13 during trading on Monday, hitting $14.91. 3,480,858 shares of the company traded hands, compared to its average volume of 6,729,862. The company has a 50-day moving average of $20.09 and a 200-day moving average of $22.26. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.24 and a current ratio of 1.24. APA Co. has a 1 year low of $13.58 and a 1 year high of $33.88. The firm has a market capitalization of $5.43 billion, a PE ratio of 2.11 and a beta of 2.74.

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APA (NASDAQ:APA - Get Free Report) last posted its earnings results on Wednesday, February 26th. The company reported $0.79 earnings per share for the quarter, missing analysts' consensus estimates of $0.97 by ($0.18). APA had a return on equity of 27.86% and a net margin of 24.36%. The firm had revenue of $2.50 billion for the quarter, compared to analysts' expectations of $2.31 billion. Analysts predict that APA Co. will post 4.03 earnings per share for the current fiscal year.

APA Dividend Announcement

The firm 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. This represents a $1.00 dividend on an annualized basis and a yield of 6.71%. The ex-dividend date of this dividend is Tuesday, April 22nd. APA's payout ratio is 44.25%.

Analysts Set New Price Targets

APA has been the topic of a number of recent analyst reports. Scotiabank dropped their price target on APA from $26.00 to $14.00 and set a "sector perform" rating on the stock in a report on Friday. Morgan Stanley set a $22.00 price objective on shares of APA and gave the stock an "underweight" rating in a research report on Wednesday, March 26th. The Goldman Sachs Group reissued a "sell" rating and set a $23.00 target price on shares of APA in a research report on Wednesday, March 19th. Raymond James cut shares of APA from a "strong-buy" rating to an "outperform" rating and lowered their price target for the stock from $45.00 to $32.00 in a report on Monday, March 10th. Finally, Wells Fargo & Company reduced their price objective on APA from $25.00 to $23.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $26.58.

About APA

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.