Resona Asset Management Co. Ltd. acquired a new stake in shares of APA Co. (NASDAQ:APA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 114,001 shares of the company's stock, valued at approximately $2,617,000.
A number of other institutional investors have also recently made changes to their positions in APA. Charles Schwab Investment Management Inc. lifted its position in APA by 7.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 12,886,087 shares of the company's stock valued at $297,540,000 after purchasing an additional 894,574 shares during the last quarter. Geode Capital Management LLC raised its position in shares of APA by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 9,507,956 shares of the company's stock valued at $219,016,000 after buying an additional 200,770 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of APA by 29.4% in the 4th quarter. Bank of New York Mellon Corp now owns 4,092,666 shares of the company's stock valued at $94,500,000 after acquiring an additional 929,770 shares during the last quarter. Kornitzer Capital Management Inc. KS lifted its holdings in shares of APA by 6.1% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 1,532,360 shares of the company's stock valued at $35,382,000 after acquiring an additional 88,656 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in APA by 12.2% in the fourth quarter. Victory Capital Management Inc. now owns 1,415,364 shares of the company's stock worth $32,681,000 after acquiring an additional 154,040 shares in the last quarter. Hedge funds and other institutional investors own 83.01% of the company's stock.
APA Stock Down 1.0 %
NASDAQ:APA traded down $0.16 during trading hours on Tuesday, reaching $15.04. The company's stock had a trading volume of 2,449,236 shares, compared to its average volume of 6,744,751. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.24 and a current ratio of 1.24. The company has a market capitalization of $5.48 billion, a P/E ratio of 2.12 and a beta of 2.74. The stock has a 50 day moving average price of $19.95 and a two-hundred day moving average price of $22.20. APA Co. has a 12 month low of $13.58 and a 12 month high of $33.88.
APA (NASDAQ:APA - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.79 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.31 billion. Equities analysts predict that APA Co. will post 4.03 EPS for the current fiscal year.
APA Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Tuesday, April 22nd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.65%. The ex-dividend date of this dividend is Tuesday, April 22nd. APA's dividend payout ratio is currently 44.25%.
Analysts Set New Price Targets
APA has been the topic of several recent research reports. Morgan Stanley set a $22.00 price target on APA and gave the company an "underweight" rating in a report on Wednesday, March 26th. Mizuho reduced their target price 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. Barclays dropped 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 note on Tuesday, March 18th. Citigroup cut their target price on APA from $24.00 to $20.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Finally, Piper Sandler decreased their price target on APA from $26.00 to $23.00 and set a "neutral" rating for the company in a research note on Tuesday, December 17th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $26.58.
Check Out Our Latest Analysis on APA
APA Profile
(
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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