Sei Investments Co. Buys 162,149 Shares of APA Co. (NASDAQ:APA)

Sei Investments Co. boosted its stake in APA Co. (NASDAQ:APA - Free Report) by 121.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 295,596 shares of the company's stock after purchasing an additional 162,149 shares during the quarter. Sei Investments Co. owned about 0.08% of APA worth $6,825,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC increased its position in shares of APA by 84.1% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company's stock valued at $29,000 after buying an additional 540 shares in the last quarter. Riverview Trust Co lifted its holdings in shares of APA by 5,718.2% during the 4th quarter. Riverview Trust Co now owns 1,280 shares of the company's stock valued at $30,000 after purchasing an additional 1,258 shares in the last quarter. Wilmington Savings Fund Society FSB grew its position in shares of APA by 77.9% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company's stock valued at $31,000 after purchasing an additional 586 shares during the period. Runnymede Capital Advisors Inc. bought a new stake in APA during the 4th quarter worth approximately $35,000. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in APA by 93.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,614 shares of the company's stock valued at $37,000 after buying an additional 780 shares in the last quarter. Institutional investors and hedge funds own 83.01% of the company's stock.

APA Stock Performance

Shares of APA traded down $2.56 during trading hours on Friday, hitting $15.18. The company had a trading volume of 19,921,606 shares, compared to its average volume of 6,537,422. APA Co. has a 12 month low of $14.86 and a 12 month high of $36.05. The firm has a market cap of $5.53 billion, a price-to-earnings ratio of 2.14 and a beta of 2.73. The business has a fifty day moving average of $21.14 and a 200-day moving average of $22.74. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.03.

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APA (NASDAQ:APA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.79 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.97 by ($0.18). The firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.31 billion. APA had a return on equity of 27.86% and a net margin of 24.36%. Equities analysts anticipate that APA Co. will post 4.03 EPS for the current fiscal year.

APA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Tuesday, April 22nd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.59%. The ex-dividend date is Tuesday, April 22nd. APA's dividend payout ratio is currently 44.25%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on APA shares. Royal Bank of Canada restated a "sector perform" rating and set a $32.00 price objective on shares of APA in a report on Thursday, January 23rd. Raymond James cut APA from a "strong-buy" rating to an "outperform" rating and reduced their price objective for the stock from $45.00 to $32.00 in a research report on Monday, March 10th. Morgan Stanley set a $22.00 target price on APA and gave the company an "underweight" rating in a research note on Wednesday, March 26th. The Goldman Sachs Group reiterated a "sell" rating and issued a $23.00 price objective on shares of APA in a report on Wednesday, March 19th. Finally, Citigroup reduced their target price on shares of APA from $24.00 to $20.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $27.68.

About APA

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.