SG Americas Securities LLC purchased a new stake in APA Co. (NASDAQ:APA - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 111,186 shares of the company's stock, valued at approximately $2,337,000.
A number of other institutional investors have also recently made changes to their positions in APA. Brown Brothers Harriman & Co. grew its holdings in shares of APA by 1,087.9% during the fourth 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 boosted its stake in shares of 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 purchasing an additional 1,258 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its stake in shares of 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 purchasing an additional 586 shares during the last quarter. Runnymede Capital Advisors Inc. acquired a new stake in shares of APA during the 4th quarter worth about $35,000. Finally, Siemens Fonds Invest GmbH acquired a new stake in shares of APA in the fourth quarter worth approximately $42,000. Institutional investors and hedge funds own 83.01% of the company's stock.
Analyst Upgrades and Downgrades
APA has been the topic of several research reports. Wells Fargo & Company cut their price target on shares of APA from $25.00 to $23.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 26th. Royal Bank of Canada decreased their price objective on shares of APA from $27.00 to $24.00 and set a "sector perform" rating for the company in a report on Friday, April 11th. Piper Sandler reduced their price target on shares of APA from $22.00 to $19.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. JPMorgan Chase & Co. reduced their price target on shares of APA from $23.00 to $20.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Finally, Barclays reduced their price objective on shares of APA from $25.00 to $19.00 and set an "equal weight" rating for the company in a report on Wednesday, April 23rd. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $24.89.
Check Out Our Latest Stock Analysis on APA
APA Price Performance
APA stock opened at $21.01 on Friday. APA Co. has a 52 week low of $13.58 and a 52 week high of $33.41. The company's 50 day moving average price is $16.88 and its two-hundred day moving average price is $20.06. 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 market cap of $7.60 billion, a P/E ratio of 2.97 and a beta of 1.25.
APA (NASDAQ:APA - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $1.06 earnings per share 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 business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period in the previous year, the business earned $0.78 EPS. APA's revenue was up 35.1% compared to the same quarter last year. On average, equities analysts predict that APA Co. will post 4.03 earnings per share for the current year.
APA Announces Dividend
The company also recently declared 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 annualized dividend and a dividend yield of 4.76%. The ex-dividend date of this dividend is Tuesday, July 22nd. APA's dividend payout ratio (DPR) 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.
Read More
Want to see what other hedge funds are holding APA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for APA Co. (NASDAQ:APA - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider APA, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and APA wasn't on the list.
While APA currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
