Great Lakes Advisors LLC Sells 101,411 Shares of APA Co. (NASDAQ:APA)

Great Lakes Advisors LLC cut its holdings in APA Co. (NASDAQ:APA - Free Report) by 26.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 288,044 shares of the company's stock after selling 101,411 shares during the quarter. Great Lakes Advisors LLC owned 0.09% of APA worth $10,335,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of APA. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in APA during the third quarter worth $34,000. Quent Capital LLC boosted its position in APA by 64.0% during the fourth quarter. Quent Capital LLC now owns 961 shares of the company's stock worth $34,000 after purchasing an additional 375 shares in the last quarter. Rakuten Securities Inc. purchased a new stake in APA during the fourth quarter worth $34,000. Principal Securities Inc. purchased a new stake in shares of APA in the fourth quarter valued at $39,000. Finally, Altshuler Shaham Ltd purchased a new stake in shares of APA in the fourth quarter valued at $44,000. 83.01% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on APA shares. Susquehanna upped their price objective on APA from $54.00 to $57.00 and gave the company a "positive" rating in a research report on Tuesday, May 7th. Morgan Stanley restated an "underweight" rating and issued a $28.00 price objective on shares of APA in a research report on Monday, April 15th. Truist Financial reduced their price objective on APA from $59.00 to $53.00 and set a "buy" rating on the stock in a research report on Friday, April 5th. Mizuho upped their price objective on APA from $32.00 to $34.00 and gave the company an "underperform" rating in a research report on Monday, May 13th. Finally, The Goldman Sachs Group reduced their price objective on APA from $35.00 to $31.00 and set a "sell" rating on the stock in a research report on Tuesday, March 26th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $42.20.

APA Trading Up 1.2 %

Shares of NASDAQ:APA traded up $0.37 during trading on Friday, reaching $30.88. 3,786,252 shares of the stock were exchanged, compared to its average volume of 5,963,002. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.16 and a current ratio of 1.16. APA Co. has a 12-month low of $28.90 and a 12-month high of $46.15. The firm has a market cap of $11.46 billion, a price-to-earnings ratio of 3.45 and a beta of 3.29. The firm's 50-day moving average price is $32.56 and its 200 day moving average price is $33.32.

APA (NASDAQ:APA - Get Free Report) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.12). The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.89 billion. APA had a return on equity of 45.32% and a net margin of 34.04%. The business's revenue was down 2.8% on a year-over-year basis. During the same period last year, the firm posted $1.19 earnings per share. On average, sell-side analysts anticipate that APA Co. will post 4.64 earnings per share for the current fiscal year.

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.