Natixis Advisors LLC raised its holdings in APA Co. (NASDAQ:APA - Free Report) by 13.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 115,104 shares of the company's stock after acquiring an additional 13,770 shares during the quarter. Natixis Advisors LLC's holdings in APA were worth $2,658,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in APA. Harris Associates L P raised its stake in shares of APA by 20.8% in the 3rd quarter. Harris Associates L P now owns 24,914,700 shares of the company's stock valued at $609,414,000 after acquiring an additional 4,293,932 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of APA by 12.6% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 30,471,834 shares of the company's stock worth $745,341,000 after buying an additional 3,411,270 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of APA by 29.4% during the 4th quarter. Bank of New York Mellon Corp now owns 4,092,666 shares of the company's stock worth $94,500,000 after buying an additional 929,770 shares during the period. Charles Schwab Investment Management Inc. grew its stake in APA by 7.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,886,087 shares of the company's stock valued at $297,540,000 after buying an additional 894,574 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in APA in the 4th quarter worth $14,524,000. 83.01% of the stock is owned by institutional investors.
APA Price Performance
NASDAQ APA traded up $0.07 during trading hours on Tuesday, reaching $20.91. 1,941,073 shares of the company's stock were exchanged, compared to its average volume of 6,474,516. The firm has a fifty day moving average of $21.90 and a 200-day moving average of $23.00. 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 one year low of $17.66 and a one year high of $36.05. The stock has a market cap of $7.61 billion, a PE ratio of 2.95 and a beta of 3.26.
APA (NASDAQ:APA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.79 EPS for the quarter, missing analysts' consensus estimates of $0.97 by ($0.18). APA had a return on equity of 27.86% and a net margin of 24.36%. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.31 billion. On average, equities research analysts predict that APA Co. will post 4.03 earnings per share for the current fiscal year.
APA Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Tuesday, April 22nd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.78%. The ex-dividend date is Tuesday, April 22nd. APA's payout ratio is 44.25%.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on the company. Piper Sandler lowered their price target on APA from $26.00 to $23.00 and set a "neutral" rating on the stock in a research report on Tuesday, December 17th. Susquehanna lowered their price objective on shares of APA from $33.00 to $31.00 and set a "positive" rating on the stock in a research note on Monday, March 3rd. Royal Bank of Canada reiterated a "sector perform" rating and set a $32.00 target price on shares of APA in a research note on Thursday, January 23rd. The Goldman Sachs Group decreased their price target on shares of APA from $25.00 to $22.00 and set a "sell" rating on the stock in a research report on Friday, January 3rd. Finally, Barclays cut their price objective 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. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, APA presently has an average rating of "Hold" and a consensus target price of $28.60.
View Our Latest Analysis 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.
Featured Articles
Before you consider APA, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and APA wasn't on the list.
While APA currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
