Semanteon Capital Management LP bought a new stake in shares of APA Co. (NASDAQ:APA - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 19,485 shares of the company's stock, valued at approximately $450,000.
A number of other institutional investors also recently added to or reduced their stakes in APA. Hotchkis & Wiley Capital Management LLC increased its position in shares of APA by 12.6% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 30,471,834 shares of the company's stock valued at $745,341,000 after purchasing an additional 3,411,270 shares during the period. Harris Associates L P raised its holdings in shares of APA by 20.8% in the 3rd quarter. Harris Associates L P now owns 24,914,700 shares of the company's stock worth $609,414,000 after purchasing an additional 4,293,932 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake 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 boosted its holdings in APA by 2.5% during the third quarter. Geode Capital Management LLC now owns 9,307,186 shares of the company's stock worth $226,928,000 after buying an additional 224,547 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in APA by 17.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,102,659 shares of the company's stock worth $100,351,000 after buying an additional 600,612 shares during the last quarter. Institutional investors and hedge funds own 83.01% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on APA shares. The Goldman Sachs Group cut 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. Wells Fargo & Company downgraded APA from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $42.00 to $25.00 in a report on Tuesday, December 17th. Barclays dropped their price target on APA from $27.00 to $25.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 18th. JPMorgan Chase & Co. reduced their price objective on shares of APA from $23.00 to $20.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Finally, Mizuho dropped their target price on shares of APA from $25.00 to $24.00 and set an "underperform" rating on the stock in a research report on Monday, December 16th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $28.60.
View Our Latest Stock Report on APA
APA Stock Up 0.2 %
Shares of APA stock traded up $0.05 during trading on Tuesday, hitting $20.89. 5,972,485 shares of the stock traded hands, compared to its average volume of 6,457,412. The stock has a market cap of $7.61 billion, a P/E ratio of 2.95 and a beta of 3.26. The company has a fifty day moving average price of $21.82 and a two-hundred day moving average price of $22.97. APA Co. has a twelve month low of $17.66 and a twelve month high of $36.05. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.24 and a current ratio of 1.24.
APA (NASDAQ:APA - Get Free Report) last posted its 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). The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.31 billion. APA had a return on equity of 27.86% and a net margin of 24.36%. Equities research analysts predict that APA Co. will post 4.03 EPS for the current fiscal year.
APA Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Tuesday, April 22nd will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, April 22nd. This represents a $1.00 annualized dividend and a dividend yield of 4.79%. APA's dividend payout ratio is presently 44.25%.
APA Company 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.
Further Reading
Before you consider APA, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and APA wasn't on the list.
While APA currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
