Easterly Investment Partners LLC Takes Position in APA Co. (NASDAQ:APA)

Easterly Investment Partners LLC acquired a new stake in APA Co. (NASDAQ:APA - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 15,000 shares of the company's stock, valued at approximately $346,000.

Several other hedge funds have also recently modified their holdings of the company. TD Private Client Wealth LLC grew its position 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 period. Riverview Trust Co grew its position in shares of APA by 5,718.2% during the 4th quarter. Riverview Trust Co now owns 1,280 shares of the company's stock valued at $30,000 after acquiring an additional 1,258 shares during the period. Wilmington Savings Fund Society FSB increased its stake in shares of APA by 77.9% during 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 last quarter. Runnymede Capital Advisors Inc. bought a new stake in shares of APA in the 4th quarter worth approximately $35,000. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in APA by 93.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,614 shares of the company's stock valued at $37,000 after purchasing an additional 780 shares during the last quarter. Institutional investors own 83.01% of the company's stock.

Wall Street Analysts Forecast Growth

APA has been the subject of a number of recent research reports. The Goldman Sachs Group reissued a "sell" rating and issued a $23.00 target price on shares of APA in a research report on Wednesday, March 19th. Barclays lowered 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. Citigroup cut their target price on shares of APA from $24.00 to $20.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. UBS Group lowered their price target on shares of APA from $28.00 to $27.00 and set a "neutral" rating on the stock in a research report on Monday, December 9th. Finally, Raymond James downgraded shares of APA from a "strong-buy" rating to an "outperform" rating and cut their price objective for the stock from $45.00 to $32.00 in a report on Monday, March 10th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, APA has a consensus rating of "Hold" and an average target price of $28.25.

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APA Price Performance

Shares of NASDAQ APA traded up $0.02 during mid-day trading on Tuesday, reaching $21.04. 1,405,675 shares of the company were exchanged, compared to its average volume of 6,463,873. The stock has a market capitalization of $7.66 billion, a PE ratio of 2.97 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 52 week low of $17.66 and a 52 week high of $36.05. The company's 50 day moving average price is $21.51 and its 200 day moving average price is $22.89.

APA (NASDAQ:APA - Get Free Report) last posted its quarterly earnings data 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 analysts' expectations of $2.31 billion. APA had a return on equity of 27.86% and a net margin of 24.36%. Sell-side analysts forecast that APA Co. will post 4.03 earnings per share for the current fiscal year.

APA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Tuesday, April 22nd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.75%. APA's payout ratio is 44.25%.

APA Company Profile

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.