APA Co. (NASDAQ:APA) Holdings Trimmed by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp lessened its position in APA Co. (NASDAQ:APA - Free Report) by 30.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,980 shares of the company's stock after selling 23,641 shares during the period. OMERS ADMINISTRATION Corp's holdings in APA were worth $1,246,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Brown Brothers Harriman & Co. grew its position in APA by 1,087.9% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,176 shares of the company's stock worth $27,000 after purchasing an additional 1,077 shares during the last quarter. Riverview Trust Co grew its holdings in APA by 5,718.2% in the 4th quarter. Riverview Trust Co now owns 1,280 shares of the company's stock worth $30,000 after buying an additional 1,258 shares in the last quarter. Wilmington Savings Fund Society FSB increased its position in 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 acquiring an additional 586 shares during the period. Runnymede Capital Advisors Inc. acquired a new stake in APA in the 4th quarter valued at approximately $35,000. Finally, MassMutual Private Wealth & Trust FSB raised its stake in APA by 93.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,614 shares of the company's stock valued at $37,000 after acquiring an additional 780 shares in the last quarter. 83.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Argus raised APA to a "hold" rating in a research note on Friday, May 16th. Citigroup increased their target price on shares of APA from $15.00 to $18.00 and gave the company a "neutral" rating in a research report on Monday. Wells Fargo & Company lowered their target price on shares of APA from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 26th. The Goldman Sachs Group reaffirmed a "sell" rating and issued a $23.00 price target on shares of APA in a research note on Wednesday, March 19th. Finally, Scotiabank decreased their price objective on shares of APA from $26.00 to $14.00 and set a "sector perform" rating for the company in a report on Friday, April 11th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, APA currently has an average rating of "Hold" and an average target price of $25.53.

APA Price Performance

Shares of NASDAQ:APA traded down $0.33 on Thursday, reaching $16.39. 1,592,538 shares of the company traded hands, compared to its average volume of 6,983,156. The stock has a market capitalization of $5.93 billion, a PE ratio of 2.31 and a beta of 1.18. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.24 and a quick ratio of 1.24. The company's 50 day moving average is $17.37 and its 200-day moving average is $20.60. APA Co. has a fifty-two week low of $13.58 and a fifty-two week high of $33.41.

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

APA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Tuesday, July 22nd will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 6.10%. APA's dividend payout ratio is presently 35.97%.

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.