American Trust Investment Advisors LLC Increases Stock Holdings in APA Co. (NASDAQ:APA)

American Trust Investment Advisors LLC increased its holdings in shares of APA Co. (NASDAQ:APA - Free Report) by 262.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 77,192 shares of the company's stock after buying an additional 55,875 shares during the quarter. American Trust Investment Advisors LLC's holdings in APA were worth $2,770,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of APA in the 3rd quarter valued at about $34,000. Quent Capital LLC increased its position in shares of APA by 64.0% in the fourth quarter. Quent Capital LLC now owns 961 shares of the company's stock worth $34,000 after acquiring an additional 375 shares in the last quarter. Rakuten Securities Inc. purchased a new position in shares of APA in the 4th quarter valued at $34,000. Principal Securities Inc. acquired a new position in shares of APA during the 4th quarter valued at $39,000. Finally, Altshuler Shaham Ltd acquired a new position in shares of APA during the 4th quarter valued at $44,000. 83.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on APA shares. Royal Bank of Canada restated a "sector perform" rating and issued a $45.00 price target on shares of APA in a research note on Monday, April 8th. Roth Mkm lifted their price target on APA from $37.00 to $39.00 and gave the stock a "buy" rating in a research note on Tuesday, April 2nd. Mizuho upped their price objective on APA from $34.00 to $35.00 and gave the company an "underperform" rating in a research note on Tuesday. Susquehanna lifted their target price on APA from $54.00 to $57.00 and gave the stock a "positive" rating in a research report on Tuesday, May 7th. Finally, Truist Financial dropped their price target on APA from $59.00 to $53.00 and set a "buy" rating on the stock in a research report on Friday, April 5th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, APA currently has a consensus rating of "Hold" and an average target price of $42.25.

APA Stock Down 0.6 %

NASDAQ:APA traded down $0.18 on Tuesday, hitting $30.72. 5,111,977 shares of the company's stock traded hands, compared to its average volume of 6,654,572. The firm has a 50-day moving average price of $32.55 and a 200-day moving average price of $33.21. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.42. The company has a market cap of $11.40 billion, a PE ratio of 3.46 and a beta of 3.29. APA Co. has a 1 year low of $28.90 and a 1 year 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 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 firm had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $1.89 billion. During the same period last year, the business earned $1.19 earnings per share. The firm's revenue for the quarter was down 2.8% on a year-over-year basis. Equities analysts anticipate that APA Co. will post 4.64 EPS for the current fiscal year.

About APA

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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