Sagefield Capital LP decreased its stake in shares of APA Co. (NASDAQ:APA - Free Report) by 21.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 575,693 shares of the company's stock after selling 160,626 shares during the period. APA accounts for about 1.5% of Sagefield Capital LP's portfolio, making the stock its 18th largest holding. Sagefield Capital LP owned 0.16% of APA worth $13,293,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. Geode Capital Management LLC boosted its holdings in shares of APA by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 9,507,956 shares of the company's stock worth $219,016,000 after buying an additional 200,770 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of APA by 22.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 65,071 shares of the company's stock worth $1,503,000 after buying an additional 12,077 shares during the period. US Bancorp DE boosted its holdings in shares of APA by 2.2% during the 4th quarter. US Bancorp DE now owns 47,719 shares of the company's stock worth $1,102,000 after buying an additional 1,010 shares during the period. Baader Bank Aktiengesellschaft boosted its holdings in shares of APA by 175.8% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 23,500 shares of the company's stock worth $543,000 after buying an additional 14,980 shares during the period. Finally, Country Club Bank boosted its holdings in shares of APA by 148.8% during the 4th quarter. Country Club Bank now owns 181,420 shares of the company's stock worth $4,067,000 after buying an additional 108,492 shares during the period. Institutional investors own 83.01% of the company's stock.
Analyst Ratings Changes
A number of analysts have issued reports on the stock. JPMorgan Chase & Co. cut their price objective on shares of APA from $23.00 to $20.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Wells Fargo & Company cut their price objective on shares of APA from $25.00 to $23.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. Morgan Stanley set a $20.00 price objective on shares of APA and gave the company an "underweight" rating in a report on Tuesday, April 15th. Scotiabank cut 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. Finally, Barclays cut their price objective on shares of APA from $25.00 to $19.00 and set an "equal weight" rating for the company in a report on Wednesday, April 23rd. 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 stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $25.53.
Check Out Our Latest Analysis on APA
APA Trading Down 0.4%
Shares of APA stock traded down $0.07 during trading hours on Tuesday, hitting $17.25. 4,575,812 shares of the company's stock traded hands, compared to its average volume of 6,999,938. The stock's 50 day simple moving average is $17.46 and its 200 day simple moving average is $20.65. The stock has a market cap of $6.24 billion, a PE ratio of 2.44 and a beta of 1.18. APA Co. has a 12 month low of $13.58 and a 12 month high of $33.41. 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 (NASDAQ:APA - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.23. The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.17 billion. APA had a net margin of 24.36% and a return on equity of 27.86%. The company's revenue for the quarter was up 35.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.78 earnings per share. On average, sell-side analysts anticipate that APA Co. will post 4.03 EPS for the current year.
APA Company Profile
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Free Report)
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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