Madison Investment Advisors LLC acquired a new stake in APA Co. (NASDAQ:APA - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 358,700 shares of the company's stock, valued at approximately $8,282,000. Madison Investment Advisors LLC owned 0.10% of APA at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in APA. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in APA in the fourth quarter worth $996,000. EverSource Wealth Advisors LLC raised its holdings in APA by 115.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 5,714 shares of the company's stock worth $132,000 after buying an additional 3,067 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of APA by 27.5% in the fourth quarter. Sequoia Financial Advisors LLC now owns 20,418 shares of the company's stock valued at $471,000 after buying an additional 4,399 shares in the last quarter. Lane Generational LLC boosted its stake in APA by 49.0% during the 4th quarter. Lane Generational LLC now owns 111,158 shares of the company's stock valued at $2,567,000 after purchasing an additional 36,577 shares during the last quarter. Finally, AGF Management Ltd. bought a new stake in APA during the 4th quarter worth approximately $2,653,000. Institutional investors own 83.01% of the company's stock.
APA Trading Up 1.0 %
APA traded up $0.21 during trading on Wednesday, hitting $21.10. 5,650,904 shares of the stock traded hands, compared to its average volume of 6,453,072. The firm has a market capitalization of $7.68 billion, a P/E ratio of 2.98 and a beta of 3.26. APA Co. has a 12-month low of $17.66 and a 12-month high of $36.05. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a 50-day moving average of $21.82 and a 200 day moving average of $22.97.
APA (NASDAQ:APA - Get Free Report) last issued 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 business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.31 billion. APA had a return on equity of 27.86% and a net margin of 24.36%. Equities research analysts anticipate that APA Co. will post 4.03 EPS for the current year.
APA Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Tuesday, April 22nd will be issued a $0.25 dividend. The ex-dividend date is Tuesday, April 22nd. This represents a $1.00 annualized dividend and a yield of 4.74%. APA's dividend payout ratio (DPR) is presently 44.25%.
Analyst Ratings Changes
A number of research analysts have recently weighed in on the company. Piper Sandler dropped their target price on APA from $26.00 to $23.00 and set a "neutral" rating on the stock in a report on Tuesday, December 17th. JPMorgan Chase & Co. dropped their price target on shares of APA from $23.00 to $20.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Barclays cut their price target on shares of APA from $27.00 to $25.00 and set an "equal weight" rating on the stock in a report on Tuesday, March 18th. Citigroup cut their price objective on APA from $24.00 to $20.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Finally, Wells Fargo & Company lowered their target price on APA from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $28.20.
View Our Latest Stock Report on APA
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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