APA Co. (NASDAQ:APA) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG lifted its position in shares of APA Co. (NASDAQ:APA - Free Report) by 41.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,848,470 shares of the company's stock after purchasing an additional 537,943 shares during the quarter. Deutsche Bank AG owned 0.50% of APA worth $42,681,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in APA. Corton Capital Inc. acquired a new position in shares of APA during the fourth quarter worth about $294,000. Crestline Management LP lifted its position in shares of APA by 47.4% during the fourth quarter. Crestline Management LP now owns 40,936 shares of the company's stock worth $945,000 after purchasing an additional 13,161 shares in the last quarter. Alethea Capital Management LLC acquired a new position in APA in the fourth quarter valued at about $385,000. Ariel Investments LLC increased its holdings in APA by 2.3% during the fourth quarter. Ariel Investments LLC now owns 246,222 shares of the company's stock worth $5,685,000 after buying an additional 5,590 shares during the last quarter. Finally, AXA S.A. grew its position in APA by 109.7% during the fourth quarter. AXA S.A. now owns 514,969 shares of the company's stock worth $11,891,000 after buying an additional 269,447 shares in the last quarter. 83.01% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on APA shares. The Goldman Sachs Group restated a "sell" rating and issued a $23.00 target price on shares of APA in a report on Wednesday, March 19th. Mizuho decreased their target price on shares of APA from $20.00 to $19.00 and set an "underperform" rating on the stock in a research note on Tuesday, May 13th. Wells Fargo & Company decreased their target price on APA from $25.00 to $23.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 26th. Raymond James downgraded APA from a "strong-buy" rating to an "outperform" rating and dropped their price target for the company from $45.00 to $32.00 in a research note on Monday, March 10th. Finally, JPMorgan Chase & Co. cut their price objective on shares of APA from $23.00 to $20.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, APA currently has a consensus rating of "Hold" and an average price target of $25.37.

APA Price Performance

Shares of APA traded down $0.44 during trading hours on Monday, hitting $17.16. 861,729 shares of the company were exchanged, compared to its average volume of 6,984,527. The firm's fifty day moving average is $17.51 and its 200 day moving average is $20.69. The company has a market cap of $6.20 billion, a price-to-earnings ratio of 2.43 and a beta of 1.18. APA Co. has a fifty-two week low of $13.58 and a fifty-two week high of $33.41. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.03.

APA (NASDAQ:APA - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.23. The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.17 billion. APA had a net margin of 24.36% and a return on equity of 27.86%. The firm's revenue for the quarter was up 35.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.78 earnings per share. On average, equities analysts anticipate that APA Co. will post 4.03 earnings per share for the current fiscal year.

APA Company Profile

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.