Sovereign s Capital Management LLC acquired a new stake in APA Co. (NASDAQ:APA - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 49,005 shares of the company's stock, valued at approximately $1,132,000.
Several other hedge funds have also recently added to or reduced their stakes in the company. Tidal Investments LLC raised its stake in APA by 49.1% in the 4th 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 last quarter. Siemens Fonds Invest GmbH purchased a new stake in APA in the 4th quarter valued at $42,000. Rafferty Asset Management LLC grew its holdings in APA by 12.4% in the 4th quarter. Rafferty Asset Management LLC now owns 374,179 shares of the company's stock valued at $8,640,000 after buying an additional 41,426 shares in the last quarter. Redwood Investment Management LLC purchased a new stake in APA in the 4th quarter valued at $1,957,000. Finally, ProShare Advisors LLC grew its holdings in APA by 0.4% in the 4th quarter. ProShare Advisors LLC now owns 113,913 shares of the company's stock valued at $2,630,000 after buying an additional 449 shares in the last quarter. 83.01% of the stock is owned by institutional investors and hedge funds.
APA Stock Up 0.2%
APA stock traded up $0.03 during mid-day trading on Thursday, reaching $16.74. The company had a trading volume of 5,042,379 shares, compared to its average volume of 6,999,758. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.24 and a current ratio of 1.24. The company has a market capitalization of $6.05 billion, a price-to-earnings ratio of 2.36 and a beta of 1.18. The firm has a fifty day simple moving average of $17.37 and a 200 day simple moving average of $20.60. APA Co. has a fifty-two week low of $13.58 and a fifty-two week high of $33.41.
APA (NASDAQ:APA - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $1.06 earnings per share for the quarter, topping 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 business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter last year, the company earned $0.78 EPS. The business's quarterly revenue was up 35.1% on a year-over-year basis. Analysts forecast that APA Co. will post 4.03 earnings per share for the current fiscal year.
APA Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders 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 5.97%. The ex-dividend date is Tuesday, July 22nd. APA's dividend payout ratio (DPR) is presently 35.97%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on APA shares. Wells Fargo & Company lowered their price target on APA from $25.00 to $23.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. Scotiabank lowered their price target on APA from $26.00 to $14.00 and set a "sector perform" rating for the company in a report on Friday, April 11th. Mizuho lowered their price target on APA from $20.00 to $19.00 and set an "underperform" rating for the company in a report on Tuesday, May 13th. Morgan Stanley set a $20.00 price target on APA and gave the stock an "underweight" rating in a report on Tuesday, April 15th. Finally, Barclays lowered their price target on APA from $25.00 to $19.00 and set an "equal weight" rating for the company in a report on Wednesday, April 23rd. Four equities 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. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $25.53.
View Our Latest Stock Analysis on APA
APA Profile
(
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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