Envestnet Asset Management Inc. trimmed its holdings in shares of APA Co. (NASDAQ:APA - Free Report) by 7.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 200,787 shares of the company's stock after selling 15,937 shares during the quarter. Envestnet Asset Management Inc. owned 0.05% of APA worth $4,636,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Payden & Rygel acquired a new stake in APA in the 4th quarter valued at approximately $1,143,000. Wedbush Securities Inc. acquired a new stake in shares of APA in the fourth quarter valued at approximately $222,000. Annandale Capital LLC bought a new stake in shares of APA in the fourth quarter worth $288,000. Pilgrim Partners Asia Pte Ltd acquired a new position in APA during the fourth quarter worth $55,000. Finally, Resona Asset Management Co. Ltd. bought a new position in APA in the fourth quarter valued at $2,617,000. 83.01% of the stock is currently owned by institutional investors and hedge funds.
APA Trading Up 2.3 %
Shares of NASDAQ:APA opened at $15.86 on Wednesday. The stock has a market cap of $5.74 billion, a PE ratio of 2.24 and a beta of 2.74. 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 12-month low of $13.58 and a 12-month high of $33.41. The business has a 50 day moving average of $19.14 and a 200-day moving average of $21.80.
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 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 during the quarter, compared to analyst estimates of $2.31 billion. As a group, equities research analysts forecast that APA Co. will post 4.03 earnings per share for the current year.
APA Announces Dividend
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 given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 6.31%. The ex-dividend date is Tuesday, April 22nd. APA's dividend payout ratio is 44.25%.
Wall Street Analyst Weigh In
APA has been the subject of a number of recent research reports. Scotiabank reduced their price objective on shares of APA from $26.00 to $14.00 and set a "sector perform" rating for the company in a research note on Friday, April 11th. Citigroup reduced their price target on APA from $20.00 to $15.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. The Goldman Sachs Group reaffirmed a "sell" rating and set a $23.00 price target on shares of APA in a research report on Wednesday, March 19th. Morgan Stanley set a $20.00 price objective on APA and gave the company an "underweight" rating in a report on Tuesday, April 15th. Finally, Susquehanna lowered their target price on shares of APA from $31.00 to $30.00 and set a "positive" rating on the stock in a report on Tuesday. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, APA presently has a consensus rating of "Hold" and a consensus target price of $26.11.
View Our Latest Stock Report on APA
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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