Jefferies Financial Group Inc. increased its position in APA Co. (NASDAQ:APA - Free Report) by 459.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,538 shares of the company's stock after purchasing an additional 43,974 shares during the quarter. Jefferies Financial Group Inc.'s holdings in APA were worth $1,236,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in APA. Invesco Ltd. raised its holdings 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 purchasing an additional 850,052 shares during the period. Charles Schwab Investment Management Inc. grew its position in APA by 7.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,886,087 shares of the company's stock valued at $297,540,000 after buying an additional 894,574 shares in the last quarter. Geode Capital Management LLC grew its position in APA by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 9,507,956 shares of the company's stock valued at $219,016,000 after buying an additional 200,770 shares in the last quarter. Dimensional Fund Advisors LP grew its position in APA by 33.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,186,244 shares of the company's stock valued at $142,823,000 after buying an additional 1,540,055 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in APA by 29.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,297,871 shares of the company's stock valued at $122,328,000 after buying an additional 1,195,212 shares in the last quarter. 83.01% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on the stock. Mizuho decreased their target price on shares of APA from $20.00 to $19.00 and set an "underperform" rating for the company in a research report on Tuesday, May 13th. Susquehanna decreased their target price on shares of APA from $31.00 to $30.00 and set a "positive" rating for the company in a research report on Tuesday, April 22nd. Citigroup lifted their price objective on shares of APA from $15.00 to $18.00 and gave the stock a "neutral" rating in a research note on Monday, May 19th. Scotiabank lowered their price objective on shares of APA from $26.00 to $14.00 and set a "sector perform" rating on the stock in a research note on Friday, April 11th. Finally, Wells Fargo & Company lowered their price objective 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. 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 company's stock. According to MarketBeat, APA has an average rating of "Hold" and a consensus price target of $25.21.
Check Out Our Latest Stock Report on APA
APA Stock Performance
Shares of NASDAQ:APA traded down $0.19 during trading on Friday, reaching $17.15. The stock had a trading volume of 7,729,569 shares, compared to its average volume of 7,007,761. APA Co. has a 52 week low of $13.58 and a 52 week high of $33.41. The firm has a market capitalization of $6.20 billion, a price-to-earnings ratio of 2.42 and a beta of 1.18. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.03. The stock has a fifty day simple moving average of $16.88 and a two-hundred day simple moving average of $20.32.
APA (NASDAQ:APA - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $1.06 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.23. APA had a net margin of 24.36% and a return on equity of 27.86%. The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter last year, the firm posted $0.78 earnings per share. The company's quarterly revenue was up 35.1% compared to the same quarter last year. As a group, analysts anticipate that APA Co. will post 4.03 earnings per share for the current fiscal year.
APA Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Tuesday, July 22nd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 5.83%. The ex-dividend date of this dividend is Tuesday, July 22nd. APA's dividend payout ratio (DPR) is currently 35.97%.
APA Profile
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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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