Worldquant Millennium Advisors LLC Acquires Shares of 857,342 APA Co. (NASDAQ:APA)

Worldquant Millennium Advisors LLC purchased a new position in shares of APA Co. (NASDAQ:APA - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 857,342 shares of the company's stock, valued at approximately $19,796,000. Worldquant Millennium Advisors LLC owned 0.23% of APA as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. ProShare Advisors LLC raised its stake in shares of APA by 0.4% during the 4th quarter. ProShare Advisors LLC now owns 113,913 shares of the company's stock worth $2,630,000 after purchasing an additional 449 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of APA by 0.6% during the 4th quarter. Van ECK Associates Corp now owns 77,110 shares of the company's stock worth $1,780,000 after purchasing an additional 469 shares in the last quarter. Nissay Asset Management Corp Japan ADV raised its stake in shares of APA by 1.1% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 46,063 shares of the company's stock worth $1,018,000 after purchasing an additional 517 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in shares of APA by 0.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 138,991 shares of the company's stock worth $3,070,000 after purchasing an additional 544 shares in the last quarter. Finally, Segment Wealth Management LLC raised its stake in shares of APA by 1.1% during the 4th quarter. Segment Wealth Management LLC now owns 54,938 shares of the company's stock worth $1,269,000 after purchasing an additional 571 shares in the last quarter. 83.01% of the stock is currently owned by institutional investors and hedge funds.

APA Stock Performance

Shares of NASDAQ APA traded up $0.11 during trading hours on Friday, hitting $16.85. 6,820,074 shares of the company's stock were exchanged, compared to its average volume of 7,018,209. APA Co. has a 1-year low of $13.58 and a 1-year high of $33.41. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a market capitalization of $6.09 billion, a price-to-earnings ratio of 2.38 and a beta of 1.18. The company's 50-day moving average price is $17.24 and its 200-day moving average price is $20.48.

APA (NASDAQ:APA - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $2.61 billion during the quarter, compared to analysts' expectations of $2.17 billion. APA had a return on equity of 27.86% and a net margin of 24.36%. The firm's revenue was up 35.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.78 EPS. On average, sell-side analysts expect that APA Co. will post 4.03 earnings per share for the current fiscal year.

APA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Tuesday, July 22nd will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, July 22nd. This represents a $1.00 annualized dividend and a yield of 5.93%. APA's dividend payout ratio is 35.97%.

Wall Street Analysts Forecast Growth

Several research firms have commented on APA. Wells Fargo & Company decreased their target price on shares of APA from $25.00 to $23.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 26th. 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 research note on Tuesday, April 22nd. The Goldman Sachs Group reaffirmed a "sell" rating and issued a $23.00 price objective on shares of APA in a research note on Wednesday, March 19th. Royal Bank of Canada reduced their price objective 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. 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 research note on Wednesday, April 23rd. Four equities 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 stock presently has an average rating of "Hold" and a consensus target price of $25.58.

APA 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.