APA Co. (NASDAQ:APA) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its stake in APA Co. (NASDAQ:APA - Free Report) by 7.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 200,787 shares of the company's stock after selling 15,937 shares during the quarter. Envestnet Asset Management Inc. owned about 0.05% of APA worth $4,636,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in APA. Geode Capital Management LLC increased its stake in APA by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 9,507,956 shares of the company's stock valued at $219,016,000 after purchasing an additional 200,770 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in APA by 22.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 65,071 shares of the company's stock worth $1,503,000 after acquiring an additional 12,077 shares during the last quarter. US Bancorp DE increased its stake in APA by 2.2% during the fourth quarter. US Bancorp DE now owns 47,719 shares of the company's stock worth $1,102,000 after acquiring an additional 1,010 shares during the last quarter. Baader Bank Aktiengesellschaft increased its stake in APA by 175.8% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 23,500 shares of the company's stock worth $543,000 after acquiring an additional 14,980 shares during the last quarter. Finally, PVG Asset Management Corp purchased a new stake in shares of APA in the third quarter worth about $757,000. 83.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on APA shares. Royal Bank of Canada decreased their target price on APA from $27.00 to $24.00 and set a "sector perform" rating for the company in a research report on Friday, April 11th. Barclays decreased their target price on APA from $25.00 to $19.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 23rd. Piper Sandler reduced their price target on APA from $23.00 to $22.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Susquehanna reduced their price target on APA from $31.00 to $30.00 and set a "positive" rating for the company in a report on Tuesday, April 22nd. Finally, Citigroup reduced their price target on APA from $20.00 to $15.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, APA currently has a consensus rating of "Hold" and a consensus target price of $25.79.

APA Stock Performance

Shares of APA traded up $0.20 during midday trading on Monday, hitting $16.55. 4,924,439 shares of the stock traded hands, compared to its average volume of 6,844,129. APA Co. has a 1-year low of $13.58 and a 1-year high of $33.41. The firm has a market capitalization of $5.99 billion, a PE ratio of 2.34 and a beta of 2.74. 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 business's 50 day moving average price is $18.57 and its two-hundred day moving average price is $21.47.

APA (NASDAQ:APA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.18). The company had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.31 billion. APA had a return on equity of 27.86% and a net margin of 24.36%. Equities research analysts predict that APA Co. will post 4.03 EPS for the current fiscal year.

APA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Tuesday, April 22nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 6.04%. The ex-dividend date of this dividend is Tuesday, April 22nd. APA's payout ratio is currently 44.25%.

APA 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.