Beacon Pointe Advisors LLC acquired a new position in shares of APA Co. (NASDAQ:APA - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 16,879 shares of the company's stock, valued at approximately $390,000.
Other large investors have also made changes to their positions in the company. Van ECK Associates Corp raised its stake in shares of APA by 0.6% in the 4th quarter. Van ECK Associates Corp now owns 77,110 shares of the company's stock valued at $1,780,000 after acquiring an additional 469 shares during the period. Asset Management One Co. Ltd. raised its position in APA by 0.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 138,991 shares of the company's stock valued at $3,070,000 after purchasing an additional 544 shares during the period. Segment Wealth Management LLC lifted its stake in shares of APA by 1.1% during the fourth 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 in the last quarter. Wilmington Savings Fund Society FSB boosted its position in shares of APA by 77.9% in the fourth 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 period. Finally, V Square Quantitative Management LLC grew its stake in shares of APA by 5.8% in the fourth quarter. V Square Quantitative Management LLC now owns 10,762 shares of the company's stock valued at $248,000 after buying an additional 589 shares in the last quarter. 83.01% of the stock is owned by hedge funds and other institutional investors.
APA Trading Up 1.5 %
Shares of NASDAQ APA opened at $16.46 on Monday. The company has a market cap of $5.95 billion, a price-to-earnings ratio of 2.32 and a beta of 1.18. The stock's 50 day simple moving average is $18.02 and its 200 day simple moving average is $21.21. 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 Co. has a 12-month low of $13.58 and a 12-month high of $33.41.
APA (NASDAQ:APA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.79 earnings per share (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 firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.31 billion. Equities research analysts expect that APA Co. will post 4.03 EPS for the current year.
APA Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Tuesday, April 22nd will be paid a $0.25 dividend. The ex-dividend date is Tuesday, April 22nd. This represents a $1.00 annualized dividend and a dividend yield of 6.08%. APA's payout ratio is currently 44.25%.
Analyst Ratings Changes
A number of research firms have weighed in on APA. JPMorgan Chase & Co. decreased their price target on APA from $23.00 to $20.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Piper Sandler lowered their price target on shares of APA from $23.00 to $22.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Scotiabank cut their price objective on shares of APA from $26.00 to $14.00 and set a "sector perform" rating on the stock in a report on Friday, April 11th. Susquehanna lowered their target price on APA from $31.00 to $30.00 and set a "positive" rating for the company in a research note on Tuesday, April 22nd. Finally, Raymond James cut APA from a "strong-buy" rating to an "outperform" rating and cut their price target for the stock from $45.00 to $32.00 in a research note on Monday, March 10th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $25.79.
Read Our Latest Stock Analysis on APA
About APA
(
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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