Teacher Retirement System of Texas increased its position in shares of APA Co. (NASDAQ:APA - Free Report) by 95.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 156,657 shares of the company's stock after acquiring an additional 76,403 shares during the quarter. Teacher Retirement System of Texas owned about 0.05% of APA worth $5,621,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the company. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of APA during the 3rd quarter valued at about $34,000. Rakuten Securities Inc. bought a new position in APA in the fourth quarter valued at approximately $34,000. Quent Capital LLC lifted its stake in APA by 64.0% in the fourth quarter. Quent Capital LLC now owns 961 shares of the company's stock valued at $34,000 after buying an additional 375 shares in the last quarter. Principal Securities Inc. acquired a new position in shares of APA in the fourth quarter valued at approximately $39,000. Finally, Altshuler Shaham Ltd bought a new stake in shares of APA during the fourth quarter worth $44,000. Institutional investors and hedge funds own 83.01% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of APA from $38.00 to $40.00 and gave the company a "neutral" rating in a report on Thursday, April 11th. Royal Bank of Canada reissued a "sector perform" rating and set a $45.00 price target on shares of APA in a research report on Monday, April 8th. Barclays decreased their price objective on APA from $40.00 to $38.00 and set an "equal weight" rating for the company in a report on Thursday, May 2nd. Roth Mkm upped their target price on APA from $37.00 to $39.00 and gave the stock a "buy" rating in a report on Tuesday, April 2nd. Finally, Mizuho raised their price target on APA from $32.00 to $34.00 and gave the company an "underperform" rating in a research note on Monday. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $42.20.
Get Our Latest Analysis on APA
APA Trading Down 0.1 %
NASDAQ:APA traded down $0.03 during trading hours on Tuesday, hitting $30.17. 4,326,290 shares of the company were exchanged, compared to its average volume of 6,765,698. The stock has a market capitalization of $11.20 billion, a price-to-earnings ratio of 3.37 and a beta of 3.29. The company has a fifty day simple moving average of $32.57 and a 200 day simple moving average of $33.53. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.42. APA Co. has a one year low of $28.90 and a one year high of $46.15.
APA (NASDAQ:APA - Get Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.78 EPS for the quarter, missing analysts' consensus estimates of $0.90 by ($0.12). The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.89 billion. APA had a net margin of 34.04% and a return on equity of 45.32%. The company's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.19 earnings per share. Sell-side analysts expect that APA Co. will post 4.91 EPS for the current fiscal year.
About APA
(
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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