UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of APA Co. (NASDAQ:APA - Free Report) by 29.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,297,871 shares of the company's stock after acquiring an additional 1,195,212 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 1.43% of APA worth $122,328,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Worldquant Millennium Advisors LLC bought a new position in APA during the fourth quarter valued at approximately $19,796,000. Woodline Partners LP purchased a new stake in shares of APA during the fourth quarter valued at approximately $513,000. Sovereign s Capital Management LLC purchased a new stake in shares of APA during the fourth quarter valued at approximately $1,132,000. Tidal Investments LLC boosted its stake in shares of APA by 49.1% during the fourth quarter. Tidal Investments LLC now owns 93,019 shares of the company's stock valued at $2,148,000 after purchasing an additional 30,619 shares during the period. Finally, Siemens Fonds Invest GmbH purchased a new stake in shares of APA during the fourth quarter valued at approximately $42,000. 83.01% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
APA has been the subject of a number of analyst reports. Morgan Stanley increased their price objective on APA from $20.00 to $21.00 and gave the company an "underweight" rating in a research note on Friday. The Goldman Sachs Group reissued a "sell" rating and set a $23.00 price objective on shares of APA in a research note on Wednesday, March 19th. Mizuho dropped their price objective on APA from $20.00 to $19.00 and set an "underperform" rating for the company in a research note on Tuesday, May 13th. JPMorgan Chase & Co. dropped their price objective on APA from $23.00 to $20.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Finally, Piper Sandler dropped their price target on APA from $22.00 to $19.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, APA currently has a consensus rating of "Hold" and an average target price of $25.58.
View Our Latest Report on APA
APA Trading Up 2.7%
Shares of APA stock traded up $0.46 on Tuesday, hitting $17.31. The stock had a trading volume of 4,523,537 shares, compared to its average volume of 7,008,236. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a market capitalization of $6.26 billion, a P/E ratio of 2.44 and a beta of 1.18. APA Co. has a 1 year low of $13.58 and a 1 year high of $33.41. The company's 50 day moving average price is $17.16 and its 200-day moving average price is $20.43.
APA (NASDAQ:APA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.23. APA had a return on equity of 27.86% and a net margin of 24.36%. The firm had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the previous year, the business earned $0.78 EPS. The company's quarterly revenue was up 35.1% compared to the same quarter last year. Analysts anticipate that APA Co. will post 4.03 earnings per share for the current year.
APA Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Tuesday, July 22nd will be issued a $0.25 dividend. The ex-dividend date is Tuesday, July 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.78%. APA's payout ratio is currently 35.97%.
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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