Quantinno Capital Management LP Boosts Holdings in APA Co. (NASDAQ:APA)

Quantinno Capital Management LP boosted its stake in APA Co. (NASDAQ:APA - Free Report) by 53.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,196 shares of the company's stock after purchasing an additional 25,803 shares during the quarter. Quantinno Capital Management LP's holdings in APA were worth $1,713,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of APA. Dimensional Fund Advisors LP raised its stake in shares of APA by 33.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,186,244 shares of the company's stock worth $142,823,000 after acquiring an additional 1,540,055 shares in the last quarter. Freestone Grove Partners LP purchased a new position in shares of APA during the fourth quarter worth approximately $30,767,000. Bank of New York Mellon Corp raised its stake in shares of APA by 29.4% during the fourth quarter. Bank of New York Mellon Corp now owns 4,092,666 shares of the company's stock worth $94,500,000 after acquiring an additional 929,770 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of APA by 7.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 12,886,087 shares of the company's stock worth $297,540,000 after acquiring an additional 894,574 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of APA by 6.9% during the fourth quarter. Invesco Ltd. now owns 13,230,751 shares of the company's stock worth $305,498,000 after acquiring an additional 850,052 shares in the last quarter. 83.01% of the stock is owned by hedge funds and other institutional investors.

APA Stock Up 0.7%

Shares of APA traded up $0.11 on Friday, reaching $16.85. The stock had a trading volume of 6,820,074 shares, compared to its average volume of 7,018,209. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.24 and a current ratio of 1.24. APA Co. has a 12-month low of $13.58 and a 12-month high of $33.41. The firm has a market capitalization of $6.09 billion, a price-to-earnings ratio of 2.38 and a beta of 1.18. The company has a 50-day simple moving average of $17.24 and a 200-day simple moving average of $20.51.

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, topping analysts' consensus estimates of $0.83 by $0.23. The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.17 billion. APA had a return on equity of 27.86% and a net margin of 24.36%. The firm's quarterly revenue was up 35.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.78 earnings per share. Sell-side analysts predict that APA Co. will post 4.03 EPS for the current year.

APA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Tuesday, July 22nd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 5.93%. The ex-dividend date of this dividend is Tuesday, July 22nd. APA's dividend payout ratio is currently 35.97%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Susquehanna decreased their price target on shares of APA from $31.00 to $30.00 and set a "positive" rating on the stock in a research note on Tuesday, April 22nd. Wells Fargo & Company decreased their price target on shares of APA from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 26th. Raymond James cut shares of APA from a "strong-buy" rating to an "outperform" rating and cut their target price for the stock from $45.00 to $32.00 in a report on Monday, March 10th. Citigroup raised their target price on shares of APA from $15.00 to $18.00 and gave the stock a "neutral" rating in a report on Monday, May 19th. Finally, Barclays cut their target price on shares of APA from $25.00 to $19.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 23rd. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $25.58.

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.