GAMMA Investing LLC Has $5.64 Million Holdings in APA Co. (NASDAQ:APA)

GAMMA Investing LLC lifted its position in shares of APA Co. (NASDAQ:APA - Free Report) by 3,303.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 268,194 shares of the company's stock after acquiring an additional 260,313 shares during the period. GAMMA Investing LLC owned about 0.07% of APA worth $5,637,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in APA. Brown Brothers Harriman & Co. grew its stake in APA by 1,087.9% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,176 shares of the company's stock worth $27,000 after buying an additional 1,077 shares during the last quarter. Riverview Trust Co grew its stake in APA by 5,718.2% during the 4th quarter. Riverview Trust Co now owns 1,280 shares of the company's stock worth $30,000 after buying an additional 1,258 shares during the last quarter. Wilmington Savings Fund Society FSB grew its stake in APA by 77.9% during the 4th 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 last quarter. Runnymede Capital Advisors Inc. bought a new position in APA during the 4th quarter worth $35,000. Finally, Siemens Fonds Invest GmbH bought a new position in APA during the 4th quarter worth $42,000. 83.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on APA shares. Barclays lowered their price objective on APA from $25.00 to $19.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 23rd. Mizuho lowered 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. Morgan Stanley upped their price objective on APA from $20.00 to $21.00 and gave the stock an "underweight" rating in a research note on Friday, May 23rd. Piper Sandler decreased 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. Finally, Susquehanna decreased their price target on APA from $31.00 to $30.00 and set a "positive" rating for the company in a research note on Tuesday, April 22nd. 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's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $25.21.

APA Price Performance

NASDAQ:APA traded up $1.06 during mid-day trading on Friday, reaching $21.01. 13,064,037 shares of the stock were exchanged, compared to its average volume of 7,082,049. The business has a fifty day moving average price of $16.74 and a 200 day moving average price of $20.09. The firm has a market capitalization of $7.60 billion, a PE ratio of 2.97 and a beta of 1.25. APA Co. has a 1-year low of $13.58 and a 1-year high of $33.41. 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 (NASDAQ:APA - Get Free Report) last released its earnings results 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 firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.17 billion. APA had a return on equity of 27.86% and a net margin of 24.36%. APA's revenue was up 35.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.78 earnings per share. Research analysts expect that APA Co. will post 4.03 earnings per share for the current fiscal year.

APA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Tuesday, July 22nd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date is Tuesday, July 22nd. APA's payout ratio is currently 35.97%.

About APA

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.