Wellington Management Group LLP trimmed its position in shares of APA Co. (NASDAQ:APA - Free Report) by 47.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 107,214 shares of the company's stock after selling 96,817 shares during the period. Wellington Management Group LLP's holdings in APA were worth $2,476,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Van ECK Associates Corp boosted its holdings in APA by 0.6% in the 4th quarter. Van ECK Associates Corp now owns 77,110 shares of the company's stock worth $1,780,000 after buying an additional 469 shares during the period. TD Private Client Wealth LLC raised its stake in shares of APA by 84.1% during the 3rd 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 during the period. Asset Management One Co. Ltd. lifted its holdings in APA by 0.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 138,991 shares of the company's stock worth $3,070,000 after purchasing an additional 544 shares in the last quarter. Segment Wealth Management LLC boosted its stake in APA by 1.1% in the 4th quarter. Segment Wealth Management LLC now owns 54,938 shares of the company's stock worth $1,269,000 after purchasing an additional 571 shares during the period. Finally, Wilmington Savings Fund Society FSB increased its position in shares of APA by 77.9% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company's stock valued at $31,000 after buying an additional 586 shares during the period. 83.01% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities analysts recently commented on APA shares. Barclays reduced their price objective 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. Scotiabank decreased their target price on APA from $26.00 to $14.00 and set a "sector perform" rating on the stock in a research note on Friday. The Goldman Sachs Group reiterated a "sell" rating and set a $23.00 price target on shares of APA in a research report on Wednesday, March 19th. 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 note on Monday, March 17th. Finally, Wells Fargo & Company decreased their price target on shares of APA from $25.00 to $23.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 26th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, APA currently has an average rating of "Hold" and a consensus price target of $26.47.
Check Out Our Latest Research Report on APA
APA Trading Down 2.0 %
APA stock traded down $0.31 on Tuesday, reaching $14.89. The company's stock had a trading volume of 10,446,502 shares, compared to its average volume of 6,779,807. The firm has a market cap of $5.42 billion, a PE ratio of 2.10 and a beta of 2.74. The business has a fifty day simple moving average of $19.95 and a two-hundred day simple moving average of $22.20. APA Co. has a 12-month low of $13.58 and a 12-month high of $33.88. 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 released its quarterly earnings results 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 company had revenue of $2.50 billion during 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%. As a group, research analysts forecast that APA Co. will post 4.03 EPS for the current year.
APA Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Tuesday, April 22nd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 6.72%. APA's dividend payout ratio (DPR) is 44.25%.
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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