IFP Advisors Inc reduced its position in APA Co. (NASDAQ:APA – Free Report) by 16.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,599 shares of the company’s stock after selling 693 shares during the period. IFP Advisors Inc’s holdings in APA were worth $70,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Whittier Trust Co. of Nevada Inc. lifted its stake 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 purchasing an additional 295 shares in the last quarter. Creative Capital Management Investments LLC acquired a new position in APA during the 4th quarter worth approximately $30,000. Money Concepts Capital Corp lifted its position in APA by 228.6% during the 4th quarter. Money Concepts Capital Corp now owns 723 shares of the company’s stock worth $34,000 after acquiring an additional 503 shares in the last quarter. Achmea Investment Management B.V. lifted its position in APA by 100.0% during the 4th quarter. Achmea Investment Management B.V. now owns 784 shares of the company’s stock worth $34,000 after acquiring an additional 392 shares in the last quarter. Finally, Lindbrook Capital LLC lifted its position in APA by 47.3% during the 4th quarter. Lindbrook Capital LLC now owns 791 shares of the company’s stock worth $37,000 after acquiring an additional 254 shares in the last quarter. 80.67% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
APA has been the topic of several recent research reports. Raymond James boosted their price target on APA from $49.00 to $53.00 and gave the stock a “strong-buy” rating in a research report on Friday, April 21st. Mizuho cut their target price on APA from $45.00 to $37.00 in a research report on Friday, May 19th. Truist Financial cut their target price on APA from $53.00 to $51.00 and set a “buy” rating on the stock in a research report on Monday, April 10th. 58.com reaffirmed a “maintains” rating on shares of APA in a research report on Wednesday, June 14th. Finally, StockNews.com assumed coverage on APA in a research report on Thursday, May 18th. They issued a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.31.
APA Trading Up 0.6 %
APA (NASDAQ:APA – Get Free Report) last announced its quarterly earnings data on Thursday, May 4th. The company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $1.84 billion. During the same period last year, the company posted $1.92 EPS. The business’s quarterly revenue was down 47.0% compared to the same quarter last year. Sell-side analysts forecast that APA Co. will post 4.49 earnings per share for the current year.
APA Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 22nd. Shareholders of record on Friday, July 21st will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, July 20th. This represents a $1.00 dividend on an annualized basis and a yield of 2.67%. APA’s payout ratio is presently 16.26%.
APA Profile
APA Corporation, through its subsidiaries, explores for, develops, and produces natural gas, crude oil, and natural gas liquids. It has operations in the United States, Egypt, and the United Kingdom, as well as has exploration activities offshore Suriname. The company also operates gathering, compression, processing, and transmission assets in West Texas, as well as holds ownership in four Permian Basin long-haul pipeline.
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