Lee Danner & Bass Inc. lowered its stake in shares of APA Co. (NASDAQ:APA - Free Report) by 22.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,716 shares of the company's stock after selling 14,850 shares during the period. Lee Danner & Bass Inc.'s holdings in APA were worth $1,217,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC grew its position 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 purchasing an additional 540 shares during the last quarter. Riverview Trust Co grew its position in APA by 5,718.2% during the fourth 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 position in 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 in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of APA by 93.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,614 shares of the company's stock worth $37,000 after acquiring an additional 780 shares in the last quarter. Finally, Rothschild Investment LLC raised its position in APA by 86.8% in the fourth quarter. Rothschild Investment LLC now owns 2,087 shares of the company's stock valued at $48,000 after purchasing an additional 970 shares during the period. 83.01% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of analysts have recently issued reports on the stock. Citigroup dropped their price objective on shares of APA from $24.00 to $20.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Barclays cut 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. Wells Fargo & Company lowered shares of APA from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $42.00 to $25.00 in a research note on Tuesday, December 17th. Piper Sandler reduced their price objective on APA from $26.00 to $23.00 and set a "neutral" rating for the company in a research report on Tuesday, December 17th. Finally, The Goldman Sachs Group decreased their target price on shares of APA from $25.00 to $22.00 and set a "sell" rating for the company in a research report on Friday, January 3rd. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, APA currently has a consensus rating of "Hold" and a consensus target price of $28.60.
Get Our Latest Stock Report on APA
APA Price Performance
Shares of NASDAQ APA traded up $0.05 during trading on Tuesday, hitting $20.89. The company had a trading volume of 5,972,485 shares, compared to its average volume of 6,474,516. The business's 50-day moving average is $21.90 and its 200 day moving average is $23.00. The company has a market cap of $7.61 billion, a P/E ratio of 2.95 and a beta of 3.26. 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 52 week low of $17.66 and a 52 week high of $36.05.
APA (NASDAQ:APA - Get Free Report) last released its quarterly earnings results 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 for the quarter, compared to analyst estimates of $2.31 billion. APA had a net margin of 24.36% and a return on equity of 27.86%. Equities research analysts predict that APA Co. will post 4.03 earnings per share for the current fiscal year.
APA Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Tuesday, April 22nd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.79%. The ex-dividend date of this dividend is Tuesday, April 22nd. APA's dividend payout ratio is currently 44.25%.
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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