Tidal Investments LLC boosted its stake in shares of APA Co. (NASDAQ:APA - Free Report) by 49.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,019 shares of the company's stock after purchasing an additional 30,619 shares during the quarter. Tidal Investments LLC's holdings in APA were worth $2,148,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its holdings in shares of APA by 33.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,186,244 shares of the company's stock worth $142,823,000 after purchasing an additional 1,540,055 shares during the period. Freestone Grove Partners LP bought a new position in APA during the fourth quarter valued at about $30,767,000. Bank of New York Mellon Corp increased its stake in 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 valued at $94,500,000 after acquiring an additional 929,770 shares during the period. Charles Schwab Investment Management Inc. raised its holdings 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 acquiring an additional 894,574 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of APA by 6.9% in the 4th 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 during the period. 83.01% of the stock is owned by institutional investors.
APA Price Performance
Shares of APA stock opened at $16.74 on Friday. APA Co. has a 52 week low of $13.58 and a 52 week high of $33.41. The stock has a market capitalization of $6.05 billion, a PE ratio of 2.36 and a beta of 1.18. 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 stock's fifty day moving average is $17.30 and its 200-day moving average is $20.55.
APA (NASDAQ:APA - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.23. The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.17 billion. APA had a net margin of 24.36% and a return on equity of 27.86%. The firm's quarterly revenue was up 35.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.78 EPS. Equities research analysts expect that APA Co. will post 4.03 EPS for the current fiscal year.
APA Dividend Announcement
The business 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. The ex-dividend date is Tuesday, July 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.97%. APA's payout ratio is 35.97%.
Analyst Ratings Changes
A number of research firms have recently issued reports on APA. Royal Bank of Canada lowered their price objective on APA from $27.00 to $24.00 and set a "sector perform" rating on the stock in a research report on Friday, April 11th. Mizuho decreased their price target on shares of APA from $20.00 to $19.00 and set an "underperform" rating on the stock in a research note on Tuesday, May 13th. JPMorgan Chase & Co. lowered their price target on shares of APA from $23.00 to $20.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. Susquehanna reduced their price objective on shares of APA from $31.00 to $30.00 and set a "positive" rating for the company in a report on Tuesday, April 22nd. Finally, The Goldman Sachs Group reissued a "sell" rating and issued a $23.00 target price on shares of APA in a research note on Wednesday, March 19th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $25.53.
Read Our Latest Analysis on APA
APA Company 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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