APA Co. (NASDAQ:APA) Shares Sold by Level Four Advisory Services LLC

Level Four Advisory Services LLC decreased its holdings in shares of APA Co. (NASDAQ:APA - Free Report) by 20.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 224,092 shares of the company's stock after selling 56,355 shares during the quarter. Level Four Advisory Services LLC owned about 0.06% of APA worth $5,174,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in APA. TD Private Client Wealth LLC grew its position in 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 stake 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 valued at $30,000 after purchasing an additional 1,258 shares during the period. Wilmington Savings Fund Society FSB grew its holdings in APA by 77.9% during 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 in the last quarter. Runnymede Capital Advisors Inc. purchased a new stake in APA during the 4th quarter worth $35,000. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in APA by 93.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,614 shares of the company's stock worth $37,000 after buying an additional 780 shares in the last quarter. 83.01% of the stock is owned by hedge funds and other institutional investors.

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APA Stock Performance

NASDAQ APA traded down $0.04 during trading hours on Wednesday, hitting $21.09. The company had a trading volume of 2,002,540 shares, compared to its average volume of 6,456,738. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.03. The firm has a market cap of $7.68 billion, a P/E ratio of 2.98 and a beta of 3.26. APA Co. has a fifty-two week low of $17.66 and a fifty-two week high of $36.05. The business has a fifty day simple moving average of $21.46 and a 200-day simple moving average of $22.87.

APA (NASDAQ:APA - Get Free Report) last released its quarterly earnings data 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). The firm had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.31 billion. APA had a return on equity of 27.86% and a net margin of 24.36%. Equities analysts predict that APA Co. will post 4.03 EPS for the current year.

APA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Tuesday, April 22nd will be issued a dividend of $0.25 per share. 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 4.74%. APA's dividend payout ratio (DPR) is presently 44.25%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on APA shares. Barclays lowered their target price on APA from $27.00 to $25.00 and set an "equal weight" rating for the company in a research note on Tuesday, March 18th. Raymond James downgraded APA from a "strong-buy" rating to an "outperform" rating and dropped their price objective for the stock from $45.00 to $32.00 in a report on Monday, March 10th. Citigroup reduced their target price on APA from $24.00 to $20.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. JPMorgan Chase & Co. dropped their price target on shares of APA from $23.00 to $20.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Finally, UBS Group cut their price target on shares of APA from $28.00 to $27.00 and set a "neutral" rating on the stock in a report on Monday, December 9th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $28.25.

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.