Raymond James Financial Inc. bought a new position in shares of APA Co. (NASDAQ:APA - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 629,004 shares of the company's stock, valued at approximately $14,524,000. Raymond James Financial Inc. owned about 0.17% of APA at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Van ECK Associates Corp grew its position in shares of APA by 0.6% in the fourth quarter. Van ECK Associates Corp now owns 77,110 shares of the company's stock valued at $1,780,000 after purchasing an additional 469 shares in the last quarter. TD Private Client Wealth LLC grew its position 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. Asset Management One Co. Ltd. grew its position in shares of APA by 0.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 138,991 shares of the company's stock valued at $3,070,000 after purchasing an additional 544 shares in the last quarter. Huntington National Bank grew its position in APA by 48.8% in the third quarter. Huntington National Bank now owns 1,710 shares of the company's stock worth $42,000 after acquiring an additional 561 shares during the period. Finally, Segment Wealth Management LLC grew its position in APA by 1.1% in the fourth quarter. Segment Wealth Management LLC now owns 54,938 shares of the company's stock worth $1,269,000 after acquiring an additional 571 shares during the period. 83.01% of the stock is currently owned by hedge funds and other institutional investors.
APA Stock Up 0.2 %
Shares of NASDAQ APA traded up $0.04 during mid-day trading on Friday, hitting $20.61. The company had a trading volume of 12,391,746 shares, compared to its average volume of 6,479,166. The company has a market capitalization of $7.50 billion, a PE ratio of 2.91 and a beta of 3.26. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.24 and a quick ratio of 1.24. APA Co. has a 1-year low of $17.66 and a 1-year high of $36.05. The business's 50-day simple moving average is $21.97 and its 200 day simple moving average is $23.08.
APA (NASDAQ:APA - Get Free Report) last posted its quarterly earnings results 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 net margin of 24.36% and a return on equity of 27.86%. The business had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.31 billion. On average, analysts predict that APA Co. will post 4.03 earnings per share for the current year.
APA Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders 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 4.85%. The ex-dividend date of this dividend is Tuesday, April 22nd. APA's dividend payout ratio is presently 44.25%.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on APA shares. Raymond James lowered APA from a "strong-buy" rating to an "outperform" rating and lowered their price objective for the stock from $45.00 to $32.00 in a research report on Monday, March 10th. The Goldman Sachs Group lowered their price objective on APA from $25.00 to $22.00 and set a "sell" rating for the company in a research report on Friday, January 3rd. Citigroup lowered their price objective on APA from $24.00 to $20.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Piper Sandler lowered their price objective on APA from $26.00 to $23.00 and set a "neutral" rating for the company in a research report on Tuesday, December 17th. Finally, UBS Group lowered their price objective on APA from $28.00 to $27.00 and set a "neutral" rating for the company in a research report on Monday, December 9th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $28.60.
Read Our Latest Stock 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.
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