Intech Investment Management LLC Invests $1.01 Million in APA Co. (NASDAQ:APA)

Intech Investment Management LLC purchased a new stake in shares of APA Co. (NASDAQ:APA - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 43,542 shares of the company's stock, valued at approximately $1,005,000.

A number of other large investors also recently modified their holdings of the stock. TD Private Client Wealth LLC grew its holdings in shares of APA by 84.1% in the third quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company's stock valued at $29,000 after acquiring an additional 540 shares in the last quarter. Riverview Trust Co boosted its position in 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 purchasing an additional 1,258 shares during the last quarter. Wilmington Savings Fund Society FSB grew its stake 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. MassMutual Private Wealth & Trust FSB increased its position in shares of APA by 93.5% during the 4th 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. Finally, Rothschild Investment LLC raised its stake in shares of APA by 86.8% during the 4th quarter. Rothschild Investment LLC now owns 2,087 shares of the company's stock worth $48,000 after purchasing an additional 970 shares during the period. Institutional investors own 83.01% of the company's stock.

Analyst Upgrades and Downgrades

APA has been the subject of several research reports. Barclays reduced their price target on shares of APA from $27.00 to $25.00 and set an "equal weight" rating for the company in a research report on Tuesday, March 18th. Royal Bank of Canada restated a "sector perform" rating and set a $32.00 price target on shares of APA in a research note on Thursday, January 23rd. Piper Sandler dropped their price objective on APA from $26.00 to $23.00 and set a "neutral" rating on the stock in a research note on Tuesday, December 17th. Susquehanna reduced their price objective on APA from $33.00 to $31.00 and set a "positive" rating for the company in a report on Monday, March 3rd. Finally, Wells Fargo & Company lowered APA from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $42.00 to $25.00 in a research note on Tuesday, December 17th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $28.60.

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APA Price Performance

Shares of APA stock traded up $0.05 during trading on Tuesday, hitting $20.89. The stock had a trading volume of 5,972,485 shares, compared to its average volume of 6,461,746. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03. APA Co. has a 12 month low of $17.66 and a 12 month high of $36.05. The firm has a market cap of $7.61 billion, a price-to-earnings ratio of 2.95 and a beta of 3.26. The business's 50-day moving average is $21.82 and its 200 day moving average is $22.97.

APA (NASDAQ:APA - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.18). APA had a net margin of 24.36% and a return on equity of 27.86%. The business had revenue of $2.50 billion during the quarter, compared to analysts' expectations of $2.31 billion. As a group, sell-side analysts anticipate that APA Co. will post 4.03 earnings per share for the current year.

APA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Tuesday, April 22nd will be given a $0.25 dividend. The ex-dividend date is Tuesday, April 22nd. This represents a $1.00 annualized dividend and a yield of 4.79%. APA's dividend payout ratio (DPR) is presently 44.25%.

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.