FWG Holdings LLC acquired a new position in APA Co. (NASDAQ:APA - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 20,825 shares of the company's stock, valued at approximately $447,000.
Several other large investors have also recently modified their holdings of the company. TD Private Client Wealth LLC boosted its stake in APA by 84.1% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company's stock worth $29,000 after purchasing an additional 540 shares in the last quarter. Riverview Trust Co raised its holdings in shares of APA by 5,718.2% in the fourth quarter. Riverview Trust Co now owns 1,280 shares of the company's stock worth $30,000 after buying an additional 1,258 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its stake in shares of APA by 77.9% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company's stock worth $31,000 after buying an additional 586 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in shares of APA by 93.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,614 shares of the company's stock valued at $37,000 after buying an additional 780 shares during the last quarter. Finally, Huntington National Bank increased its position in shares of APA by 48.8% in the 3rd quarter. Huntington National Bank now owns 1,710 shares of the company's stock valued at $42,000 after acquiring an additional 561 shares during the period. Institutional investors own 83.01% of the company's stock.
APA Price Performance
NASDAQ:APA traded down $0.61 during trading hours on Thursday, reaching $19.04. 5,574,349 shares of the company were exchanged, compared to its average volume of 6,531,586. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03. The firm has a market cap of $6.93 billion, a PE ratio of 2.69 and a beta of 3.26. APA Co. has a twelve month low of $17.66 and a twelve month high of $36.05. The stock's 50-day moving average is $22.45 and its 200-day moving average is $23.46.
APA (NASDAQ:APA - Get Free Report) last issued its quarterly 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 net margin of 24.36% and a return on equity of 27.86%. The company had revenue of $2.50 billion during the quarter, compared to analysts' expectations of $2.31 billion. On average, sell-side 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 given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 5.25%. The ex-dividend date is Tuesday, April 22nd. APA's payout ratio is 44.25%.
Analyst Upgrades and Downgrades
A number of brokerages have commented on APA. Mizuho lowered their price target on APA from $25.00 to $24.00 and set an "underperform" rating for the company in a research report on Monday, December 16th. Citigroup decreased their target price on APA from $29.00 to $24.00 and set a "neutral" rating for the company in a report on Tuesday, November 26th. Raymond James downgraded shares of APA from a "strong-buy" rating to an "outperform" rating and cut their price target for the stock from $45.00 to $32.00 in a report on Monday. Royal Bank of Canada restated a "sector perform" rating and set a $32.00 price objective on shares of APA in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company downgraded shares of APA from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $42.00 to $25.00 in a report on Tuesday, December 17th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $28.90.
Check Out Our Latest Analysis 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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