Payden & Rygel purchased a new position in shares of APA Co. (NASDAQ:APA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 49,500 shares of the company's stock, valued at approximately $1,143,000.
A number of other institutional investors also recently made changes to their positions in the business. Brown Brothers Harriman & Co. raised its holdings in APA by 1,087.9% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,176 shares of the company's stock valued at $27,000 after buying an additional 1,077 shares during the last quarter. TD Private Client Wealth LLC lifted its holdings in APA by 84.1% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company's stock worth $29,000 after buying an additional 540 shares during the period. Riverview Trust Co increased its stake in shares of APA by 5,718.2% during the fourth quarter. Riverview Trust Co now owns 1,280 shares of the company's stock valued at $30,000 after buying an additional 1,258 shares during the period. Wilmington Savings Fund Society FSB lifted its stake in APA by 77.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company's stock worth $31,000 after acquiring an additional 586 shares during the period. Finally, Runnymede Capital Advisors Inc. bought a new stake in APA in the fourth quarter valued at $35,000. Hedge funds and other institutional investors own 83.01% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have weighed in on APA. Piper Sandler cut their price objective on APA from $26.00 to $23.00 and set a "neutral" rating on the stock in a research report on Tuesday, December 17th. Mizuho dropped their price target on shares of APA from $25.00 to $24.00 and set an "underperform" rating on the stock in a research note on Monday, December 16th. The Goldman Sachs Group reaffirmed a "sell" rating and set a $23.00 price target on shares of APA in a report on Wednesday, March 19th. Royal Bank of Canada restated a "sector perform" rating and issued a $32.00 price target on shares of APA in a research note on Thursday, January 23rd. Finally, Barclays reduced their price target 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 four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $27.68.
Read Our Latest Stock Analysis on APA
APA Stock Performance
Shares of APA traded down $2.00 during mid-day trading on Thursday, reaching $14.71. The company had a trading volume of 18,857,982 shares, compared to its average volume of 6,696,893. The stock has a 50 day moving average of $20.37 and a two-hundred day moving average of $22.41. APA Co. has a 52-week low of $13.58 and a 52-week high of $35.25. The stock has a market capitalization of $5.35 billion, a P/E ratio of 2.06 and a beta of 2.74. 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 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). APA had a return on equity of 27.86% and a net margin of 24.36%. The firm had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.31 billion. On average, analysts expect that APA Co. will post 4.03 earnings per share for the current year.
APA Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Tuesday, April 22nd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 6.80%. The ex-dividend date is Tuesday, April 22nd. APA's payout ratio is 44.25%.
APA Profile
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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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