one8zero8 LLC Makes New Investment in APA Co. (NASDAQ:APA)

one8zero8 LLC bought a new stake in APA Co. (NASDAQ:APA - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 81,534 shares of the company's stock, valued at approximately $1,883,000.

Several other institutional investors have also modified their holdings of the business. Principal Financial Group Inc. raised its holdings in shares of APA by 3.1% in the third quarter. Principal Financial Group Inc. now owns 456,922 shares of the company's stock valued at $11,176,000 after buying an additional 13,557 shares during the last quarter. Atria Investments Inc raised its stake in APA by 14.6% during the third quarter. Atria Investments Inc now owns 55,480 shares of the company's stock worth $1,357,000 after purchasing an additional 7,087 shares during the period. GSA Capital Partners LLP purchased a new position in APA during the third quarter worth approximately $281,000. Sumitomo Mitsui Trust Group Inc. increased its position in shares of APA by 3.9% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,026,239 shares of the company's stock worth $25,102,000 after acquiring an additional 38,651 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of APA by 13.5% in the third quarter. Victory Capital Management Inc. now owns 1,261,324 shares of the company's stock worth $30,852,000 after acquiring an additional 149,762 shares in the last quarter. Institutional investors and hedge funds own 83.01% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Mizuho decreased their price objective on shares of APA from $25.00 to $24.00 and set an "underperform" rating for the company in a report on Monday, December 16th. The Goldman Sachs Group dropped 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. Wells Fargo & Company downgraded shares of APA from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $42.00 to $25.00 in a research report on Tuesday, December 17th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $32.00 price objective on shares of APA in a report on Thursday, January 23rd. Finally, Barclays dropped 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 note on Tuesday. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $28.60.

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APA Stock Performance

Shares of APA stock traded down $0.24 during trading on Thursday, reaching $20.57. The company's stock had a trading volume of 5,266,059 shares, compared to its average volume of 6,451,295. The business's 50-day moving average price is $22.09 and its 200-day moving average price is $23.15. The firm has a market cap of $7.49 billion, a PE ratio of 2.91 and a beta of 3.26. APA Co. has a 52 week low of $17.66 and a 52 week high of $36.05. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.03.

APA (NASDAQ:APA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.79 EPS for the quarter, missing analysts' consensus estimates of $0.97 by ($0.18). The company had revenue of $2.50 billion during 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 analysts forecast that APA Co. will post 4.03 earnings per share for the current 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 paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date is Tuesday, April 22nd. APA's dividend payout ratio (DPR) is presently 44.25%.

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.