APA Co. (NASDAQ:APA) Shares Acquired by Aigen Investment Management LP

Aigen Investment Management LP grew its position in shares of APA Co. (NASDAQ:APA - Free Report) by 41.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 133,914 shares of the company's stock after buying an additional 39,317 shares during the quarter. APA makes up about 0.9% of Aigen Investment Management LP's investment portfolio, making the stock its 5th largest holding. Aigen Investment Management LP's holdings in APA were worth $4,805,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in APA in the 3rd quarter worth approximately $34,000. Quent Capital LLC lifted its holdings in shares of APA by 64.0% during the fourth quarter. Quent Capital LLC now owns 961 shares of the company's stock worth $34,000 after buying an additional 375 shares during the last quarter. Rakuten Securities Inc. acquired a new position in shares of APA during the fourth quarter worth approximately $34,000. Principal Securities Inc. acquired a new position in shares of APA during the fourth quarter worth approximately $39,000. Finally, Altshuler Shaham Ltd acquired a new position in shares of APA during the fourth quarter worth approximately $44,000. 83.01% of the stock is currently owned by institutional investors and hedge funds.

APA Trading Up 0.1 %

Shares of APA traded up $0.02 during trading hours on Monday, hitting $30.90. 4,426,310 shares of the stock traded hands, compared to its average volume of 6,670,463. 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 1-year low of $28.90 and a 1-year high of $46.15. The firm has a market capitalization of $11.47 billion, a PE ratio of 3.46 and a beta of 3.29. The business has a fifty day moving average of $32.55 and a 200-day moving average of $33.21.

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

Analysts Set New Price Targets

APA has been the subject of a number of research analyst reports. Morgan Stanley reiterated an "underweight" rating and set a $28.00 price target on shares of APA in a report on Monday, April 15th. Susquehanna boosted 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. Piper Sandler lowered their price objective on APA from $35.00 to $33.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 14th. Barclays lowered their price objective on APA from $40.00 to $38.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 2nd. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $45.00 price objective on shares of APA in a research report on Monday, April 8th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $42.20.

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.

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