Swiss National Bank Lowers Stake in APA Co. (NASDAQ:APA)

Swiss National Bank lowered its position in shares of APA Co. (NASDAQ:APA - Free Report) by 5.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,044,992 shares of the company's stock after selling 56,500 shares during the period. Swiss National Bank owned 0.28% of APA worth $24,129,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. TD Private Client Wealth LLC grew its holdings in shares of APA by 84.1% during the third quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company's stock worth $29,000 after purchasing an additional 540 shares during the last quarter. Riverview Trust Co boosted its position in shares of APA by 5,718.2% in 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 during the period. Wilmington Savings Fund Society FSB grew its stake in APA by 77.9% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company's stock worth $31,000 after buying an additional 586 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in APA by 93.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,614 shares of the company's stock worth $37,000 after buying an additional 780 shares during the period. Finally, Huntington National Bank lifted its stake in APA by 48.8% in the third quarter. Huntington National Bank now owns 1,710 shares of the company's stock valued at $42,000 after buying an additional 561 shares during the last quarter. 83.01% of the stock is currently owned by institutional investors and hedge funds.

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APA Trading Up 0.2 %

NASDAQ APA traded up $0.04 during mid-day trading on Friday, reaching $20.61. 12,391,692 shares of the stock were exchanged, compared to its average volume of 6,476,709. The business's fifty day simple moving average is $22.03 and its 200 day simple moving average is $23.14. 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 stock has a market capitalization of $7.50 billion, a PE ratio of 2.91 and a beta of 3.26. APA Co. has a 1-year low of $17.66 and a 1-year high of $36.05.

APA (NASDAQ:APA - Get Free Report) last released 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). 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, research analysts anticipate that APA Co. will post 4.03 earnings per share for the current fiscal year.

APA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Tuesday, April 22nd will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $1.00 annualized dividend and a dividend yield of 4.85%. APA's dividend payout ratio is presently 44.25%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Citigroup lowered their target price on shares of APA from $24.00 to $20.00 and set a "neutral" rating on the stock in a research report on Monday. The Goldman Sachs Group lowered their price objective on shares of APA from $25.00 to $22.00 and set a "sell" rating on the stock in a research report on Friday, January 3rd. Mizuho reduced their target price on shares of APA from $25.00 to $24.00 and set an "underperform" rating for the company in a report on Monday, December 16th. Piper Sandler lowered their price target on APA from $26.00 to $23.00 and set a "neutral" rating on the stock in a report on Tuesday, December 17th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $32.00 price objective on shares of APA in a research note on Thursday, January 23rd. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $28.60.

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.