Todd Asset Management LLC lowered its stake in shares of APA Co. (NASDAQ:APA - Free Report) by 17.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 504,686 shares of the company's stock after selling 109,795 shares during the period. Todd Asset Management LLC owned approximately 0.16% of APA worth $18,108,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in APA. Vanguard Group Inc. grew its holdings in APA by 5.0% during the 3rd quarter. Vanguard Group Inc. now owns 41,719,129 shares of the company's stock valued at $1,714,656,000 after buying an additional 2,003,862 shares in the last quarter. Smead Capital Management Inc. grew its holdings in APA by 13.6% during the 4th quarter. Smead Capital Management Inc. now owns 5,235,957 shares of the company's stock valued at $187,866,000 after buying an additional 626,460 shares in the last quarter. Clearbridge Investments LLC grew its holdings in shares of APA by 1.9% in the third quarter. Clearbridge Investments LLC now owns 2,815,109 shares of the company's stock valued at $115,701,000 after purchasing an additional 53,241 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of APA by 1.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,531,313 shares of the company's stock valued at $104,037,000 after purchasing an additional 24,182 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of APA by 130.0% in the third quarter. Ameriprise Financial Inc. now owns 1,534,209 shares of the company's stock valued at $63,037,000 after purchasing an additional 867,257 shares in the last quarter. Institutional investors own 83.01% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on APA. Barclays cut their target price on shares of APA from $40.00 to $38.00 and set an "equal weight" rating for the company in a report on Thursday. Susquehanna lifted their target price on APA from $50.00 to $54.00 and gave the stock a "positive" rating in a research report on Monday, April 22nd. Roth Mkm lifted their target price on APA from $37.00 to $39.00 and gave the stock a "buy" rating in a research report on Tuesday, April 2nd. Royal Bank of Canada restated a "sector perform" rating and set a $45.00 price target on shares of APA in a research note on Monday, April 8th. Finally, The Goldman Sachs Group cut their price target on APA from $35.00 to $31.00 and set a "sell" rating on the stock in a research note on Tuesday, March 26th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $42.05.
Check Out Our Latest Research Report on APA
APA Stock Performance
Shares of APA stock traded up $0.08 during midday trading on Friday, hitting $29.26. The company had a trading volume of 9,600,753 shares, compared to its average volume of 6,374,839. The stock has a market cap of $8.81 billion, a price-to-earnings ratio of 3.27 and a beta of 3.29. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 1.42. The company has a fifty day simple moving average of $32.52 and a 200 day simple moving average of $34.13. APA Co. has a 12-month low of $28.90 and a 12-month high of $46.15.
APA (NASDAQ:APA - Get Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.78 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.90 by ($0.12). APA had a return on equity of 45.32% and a net margin of 34.04%. The business had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $1.89 billion. During the same period in the prior year, the business posted $1.19 earnings per share. The business's quarterly revenue was down 2.8% compared to the same quarter last year. As a group, analysts predict that APA Co. will post 5.03 earnings per share for the current fiscal year.
APA Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Monday, April 22nd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, April 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.42%. APA's payout ratio is 11.19%.
APA Company Profile
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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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