APA Co. (NASDAQ:APA) Shares Sold by LSV Asset Management

LSV Asset Management reduced its position in APA Co. (NASDAQ:APA - Free Report) by 7.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,392,875 shares of the company's stock after selling 178,812 shares during the quarter. LSV Asset Management owned 0.65% of APA worth $55,251,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of APA. Brown Brothers Harriman & Co. lifted its position in APA by 1,087.9% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,176 shares of the company's stock valued at $27,000 after acquiring an additional 1,077 shares in the last quarter. 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 purchasing an additional 540 shares in the last quarter. Riverview Trust Co grew 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 acquiring an additional 1,258 shares in the last quarter. Wilmington Savings Fund Society FSB raised its stake in shares of APA by 77.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company's stock valued at $31,000 after acquiring an additional 586 shares during the period. Finally, Runnymede Capital Advisors Inc. purchased a new stake in APA in the fourth quarter worth $35,000. Institutional investors own 83.01% of the company's stock.

APA Price Performance

Shares of APA stock traded down $0.31 during trading hours on Tuesday, reaching $14.89. The stock had a trading volume of 8,609,700 shares, compared to its average volume of 6,768,125. The stock's fifty day simple moving average is $19.95 and its 200 day simple moving average is $22.20. The firm has a market capitalization of $5.42 billion, a PE ratio of 2.10 and a beta of 2.74. APA Co. has a 12 month low of $13.58 and a 12 month high of $33.88. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03.

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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 the consensus estimate of $0.97 by ($0.18). The firm had revenue of $2.50 billion during the quarter, compared to analysts' expectations of $2.31 billion. APA had a return on equity of 27.86% and a net margin of 24.36%. On average, equities research analysts predict that APA Co. will post 4.03 EPS for the current year.

APA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Tuesday, April 22nd will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, April 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.72%. APA's payout ratio is 44.25%.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Wells Fargo & Company lowered their target price on shares of APA from $25.00 to $23.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 26th. Royal Bank of Canada cut their price objective on shares of APA from $27.00 to $24.00 and set a "sector perform" rating for the company in a research report on Friday. Barclays cut their price objective on APA from $27.00 to $25.00 and set an "equal weight" rating on the stock in a report on Tuesday, March 18th. Piper Sandler lowered their target price on shares of APA from $26.00 to $23.00 and set a "neutral" rating for the company in a research note on Tuesday, December 17th. Finally, The Goldman Sachs Group restated a "sell" rating and set a $23.00 price target on shares of APA in a research note on Wednesday, March 19th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, APA currently has an average rating of "Hold" and a consensus target price of $26.47.

APA 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.