APA Co. (NASDAQ:APA) Holdings Reduced by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky trimmed its stake in shares of APA Co. (NASDAQ:APA - Free Report) by 7.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 328,052 shares of the company's stock after selling 26,586 shares during the quarter. Teachers Retirement System of The State of Kentucky owned 0.09% of APA worth $7,574,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of APA. Brown Brothers Harriman & Co. raised its holdings in APA by 1,087.9% during the fourth 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 in the last quarter. Riverview Trust Co raised its holdings in APA by 5,718.2% during the fourth quarter. Riverview Trust Co now owns 1,280 shares of the company's stock worth $30,000 after purchasing an additional 1,258 shares in the last quarter. Wilmington Savings Fund Society FSB raised its holdings in APA by 77.9% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company's stock worth $31,000 after purchasing an additional 586 shares in the last quarter. Runnymede Capital Advisors Inc. acquired a new stake in APA during the fourth quarter worth approximately $35,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in APA by 93.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,614 shares of the company's stock worth $37,000 after purchasing an additional 780 shares in the last quarter. 83.01% of the stock is owned by institutional investors and hedge funds.

APA Stock Performance

Shares of NASDAQ:APA traded up $0.09 during trading on Friday, reaching $16.35. 4,636,640 shares of the company's stock traded hands, compared to its average volume of 6,851,839. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.24 and a quick ratio of 1.24. APA Co. has a 12 month low of $13.58 and a 12 month high of $33.41. The company has a 50 day moving average of $18.71 and a 200-day moving average of $21.54. The stock has a market capitalization of $5.91 billion, a P/E ratio of 2.31 and a beta of 2.74.

APA (NASDAQ:APA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.79 earnings per share for the quarter, missing analysts' consensus estimates of $0.97 by ($0.18). APA had a net margin of 24.36% and a return on equity of 27.86%. The business had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.31 billion. On average, equities analysts expect that APA Co. will post 4.03 EPS for the current year.

APA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Tuesday, April 22nd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.12%. The ex-dividend date is Tuesday, April 22nd. APA's dividend payout ratio is presently 44.25%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on APA. Royal Bank of Canada cut their price objective on shares of APA from $27.00 to $24.00 and set a "sector perform" rating on the stock in a report on Friday, April 11th. Wells Fargo & Company cut their target price on shares of APA from $25.00 to $23.00 and set an "equal weight" rating on the stock 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 research note on Tuesday, April 15th. Scotiabank dropped their price objective on shares of APA from $26.00 to $14.00 and set a "sector perform" rating on the stock in a research note on Friday, April 11th. Finally, Piper Sandler decreased their target price on shares of APA from $23.00 to $22.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $25.79.

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.