Vident Advisory LLC Sells 26,762 Shares of APA Co. (NASDAQ:APA)

Vident Advisory LLC lowered its holdings in APA Co. (NASDAQ:APA - Free Report) by 26.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 75,123 shares of the company's stock after selling 26,762 shares during the quarter. Vident Advisory LLC's holdings in APA were worth $1,735,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. ProShare Advisors LLC lifted its holdings in APA by 0.4% in the fourth quarter. ProShare Advisors LLC now owns 113,913 shares of the company's stock worth $2,630,000 after buying an additional 449 shares during the period. Van ECK Associates Corp raised its position in shares of APA by 0.6% in the 4th quarter. Van ECK Associates Corp now owns 77,110 shares of the company's stock worth $1,780,000 after acquiring an additional 469 shares in the last quarter. Nissay Asset Management Corp Japan ADV lifted its stake in shares of APA by 1.1% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 46,063 shares of the company's stock valued at $1,018,000 after purchasing an additional 517 shares during the period. Asset Management One Co. Ltd. boosted its position in shares of APA by 0.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 138,991 shares of the company's stock valued at $3,070,000 after purchasing an additional 544 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB grew its stake in APA by 77.9% in the fourth 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 period. 83.01% of the stock is owned by hedge funds and other institutional investors.

APA Stock Performance

Shares of APA opened at $16.74 on Friday. The company has a market cap of $6.05 billion, a price-to-earnings ratio of 2.36 and a beta of 1.18. The business's fifty day simple moving average is $17.30 and its two-hundred day simple moving average is $20.55. APA Co. has a 12 month low of $13.58 and a 12 month 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 quarterly earnings data on Wednesday, May 7th. The company reported $1.06 EPS 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 company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same period last year, the company earned $0.78 EPS. APA's revenue for the quarter was up 35.1% on a year-over-year basis. Research analysts anticipate that APA Co. will post 4.03 earnings per share for the current fiscal year.

APA Dividend Announcement

The company also recently disclosed 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 5.97%. The ex-dividend date is Tuesday, July 22nd. APA's dividend payout ratio (DPR) is presently 35.97%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Raymond James lowered APA from a "strong-buy" rating to an "outperform" rating and lowered their price objective for the company from $45.00 to $32.00 in a research report on Monday, March 10th. Piper Sandler decreased their price target on shares of APA from $22.00 to $19.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Argus raised shares of APA to a "hold" rating in a research report on Friday, May 16th. Citigroup upped their price objective on shares of APA from $15.00 to $18.00 and gave the stock a "neutral" rating in a report on Monday. Finally, Royal Bank of Canada decreased their target price on shares of APA from $27.00 to $24.00 and set a "sector perform" rating for the company in a research note on Friday, April 11th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $25.53.

APA Company Profile

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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