Malaga Cove Capital LLC grew its holdings in APA Co. (NASDAQ:APA - Free Report) by 107.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 38,964 shares of the company's stock after purchasing an additional 20,161 shares during the period. Malaga Cove Capital LLC's holdings in APA were worth $900,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Brown Brothers Harriman & Co. boosted its holdings in shares of APA by 1,087.9% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,176 shares of the company's stock valued at $27,000 after acquiring an additional 1,077 shares in the last quarter. Riverview Trust Co boosted 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 acquiring an additional 1,258 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in shares of APA by 77.9% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company's stock valued at $31,000 after acquiring an additional 586 shares in the last quarter. Runnymede Capital Advisors Inc. acquired a new stake in shares of APA during the 4th quarter valued at $35,000. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of APA by 93.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,614 shares of the company's stock valued at $37,000 after acquiring an additional 780 shares in the last quarter. Institutional investors own 83.01% of the company's stock.
Analyst Upgrades and Downgrades
APA has been the topic of several recent research reports. Raymond James downgraded APA from a "strong-buy" rating to an "outperform" rating and cut their price objective for the company from $45.00 to $32.00 in a report on Monday, March 10th. Royal Bank of Canada cut their target price on APA from $27.00 to $24.00 and set a "sector perform" rating on the stock in a report on Friday, April 11th. Morgan Stanley set a $20.00 target price on APA and gave the stock an "underweight" rating in a report on Tuesday, April 15th. Susquehanna cut their target price on APA from $31.00 to $30.00 and set a "positive" rating on the stock in a report on Tuesday, April 22nd. Finally, Mizuho cut their target price on APA from $20.00 to $19.00 and set an "underperform" rating on the stock in a report on Tuesday. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, APA presently has an average rating of "Hold" and an average target price of $25.37.
Read Our Latest Research Report on APA
APA Stock Down 1.0%
APA stock traded down $0.17 during midday trading on Friday, reaching $17.59. The stock had a trading volume of 6,010,167 shares, compared to its average volume of 6,995,358. APA Co. has a 12 month low of $13.58 and a 12 month high of $33.41. The company has a market capitalization of $6.36 billion, a P/E ratio of 2.48 and a beta of 1.18. The company has a fifty day moving average price of $17.51 and a two-hundred day moving average price of $20.73. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03.
APA (NASDAQ:APA - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $1.06 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.23. APA had a return on equity of 27.86% and a net margin of 24.36%. The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period in the previous year, the company posted $0.78 EPS. The firm's revenue was up 35.1% compared to the same quarter last year. As a group, equities analysts expect that APA Co. will post 4.03 EPS for the current fiscal year.
APA Profile
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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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