Oppenheimer & Co. Inc. boosted its position in shares of APA Co. (NASDAQ:APA – Get Rating) by 31.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,595 shares of the company’s stock after purchasing an additional 3,754 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in APA were worth $728,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Financial Gravity Asset Management Inc. purchased a new position in APA during the 3rd quarter worth $273,000. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of APA by 110.9% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 561 shares of the company’s stock valued at $26,000 after acquiring an additional 295 shares during the period. Creative Capital Management Investments LLC purchased a new position in shares of APA in the 4th quarter valued at $30,000. Lindbrook Capital LLC increased its holdings in shares of APA by 47.3% in the 4th quarter. Lindbrook Capital LLC now owns 791 shares of the company’s stock valued at $37,000 after acquiring an additional 254 shares during the period. Finally, Covestor Ltd increased its holdings in shares of APA by 117.8% in the 1st quarter. Covestor Ltd now owns 808 shares of the company’s stock valued at $33,000 after acquiring an additional 437 shares during the period. 80.79% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on the company. Wells Fargo & Company assumed coverage on APA in a report on Tuesday, January 24th. They issued an “overweight” rating and a $52.00 price target on the stock. Morgan Stanley lowered their price objective on APA from $38.00 to $36.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 19th. Barclays lowered their price objective on APA from $55.00 to $48.00 and set an “overweight” rating for the company in a research report on Monday, January 23rd. Piper Sandler lowered their price target on APA from $46.00 to $45.00 and set a “neutral” rating for the company in a research report on Tuesday, March 7th. Finally, Mizuho reaffirmed an “underperform” rating and set a $45.00 price target on shares of APA in a research report on Monday, April 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, APA has an average rating of “Moderate Buy” and an average target price of $47.63.
APA Price Performance
APA (NASDAQ:APA – Get Rating) last posted its quarterly earnings results on Thursday, May 4th. The company reported $1.19 EPS for the quarter, beating the consensus estimate of $0.98 by $0.21. APA had a return on equity of 158.38% and a net margin of 19.72%. The firm had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter last year, the firm earned $1.92 earnings per share. The business’s revenue for the quarter was down 47.0% on a year-over-year basis. Equities research analysts expect that APA Co. will post 5.53 EPS for the current fiscal year.
About APA
APA Corp. explores for oil and natural gas through its subsidiaries. It produces oil and gas with operations in the United States, Egypt and the United Kingdom, and exploration activities offshore in Suriname. The company was founded in 1954 and is headquartered in Houston, TX.
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