Occudo Quantitative Strategies LP Acquires 15,496 Shares of APA Co. (NASDAQ:APA)

Occudo Quantitative Strategies LP lifted its stake in APA Co. (NASDAQ:APA - Free Report) by 176.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,277 shares of the company's stock after purchasing an additional 15,496 shares during the period. Occudo Quantitative Strategies LP's holdings in APA were worth $561,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Van ECK Associates Corp raised its stake in shares of APA by 0.6% during the fourth quarter. Van ECK Associates Corp now owns 77,110 shares of the company's stock worth $1,780,000 after buying an additional 469 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in APA by 0.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 138,991 shares of the company's stock worth $3,070,000 after acquiring an additional 544 shares during the period. Segment Wealth Management LLC raised its position in shares of APA by 1.1% during the 4th quarter. Segment Wealth Management LLC now owns 54,938 shares of the company's stock valued at $1,269,000 after acquiring an additional 571 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its stake in shares of APA by 77.9% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company's stock valued at $31,000 after purchasing an additional 586 shares during the period. Finally, V Square Quantitative Management LLC lifted its stake in shares of APA by 5.8% in the 4th quarter. V Square Quantitative Management LLC now owns 10,762 shares of the company's stock valued at $248,000 after purchasing an additional 589 shares during the period. Institutional investors and hedge funds own 83.01% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on APA. Mizuho dropped their price objective on APA from $20.00 to $19.00 and set an "underperform" rating for the company in a report on Tuesday, May 13th. Raymond James lowered APA from a "strong-buy" rating to an "outperform" rating and decreased their target price for the stock from $45.00 to $32.00 in a research report on Monday, March 10th. Barclays cut their price target on shares of APA from $25.00 to $19.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 23rd. Susquehanna reduced their price objective on shares of APA from $31.00 to $30.00 and set a "positive" rating on the stock in a research note on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. lowered their target price on shares of APA from $23.00 to $20.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $25.53.

APA Stock Down 0.1%

APA traded down $0.02 during trading on Tuesday, hitting $17.31. The company had a trading volume of 1,203,657 shares, compared to its average volume of 6,976,467. The company has a market capitalization of $6.26 billion, a PE ratio of 2.44 and a beta of 1.18. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.03. APA Co. has a one year low of $13.58 and a one year high of $33.41. The firm's 50-day moving average price is $17.46 and its 200 day moving average price is $20.65.

APA (NASDAQ:APA - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $1.06 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.23. The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.17 billion. APA had a return on equity of 27.86% and a net margin of 24.36%. The company's quarterly revenue was up 35.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.78 earnings per share. As a group, equities analysts expect that APA Co. will post 4.03 earnings per share for the current 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.