Avantax Advisory Services Inc. Sells 534 Shares of APA Co. (NASDAQ:APA)

Avantax Advisory Services Inc. reduced its position in shares of APA Co. (NASDAQ:APA – Get Rating) by 4.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,461 shares of the company’s stock after selling 534 shares during the period. Avantax Advisory Services Inc.’s holdings in APA were worth $392,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Fortem Financial Group LLC boosted its holdings in APA by 14.0% in the 3rd quarter. Fortem Financial Group LLC now owns 11,642 shares of the company’s stock valued at $398,000 after purchasing an additional 1,426 shares during the period. swisspartners Ltd. bought a new stake in APA in the 3rd quarter valued at $1,477,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in APA by 12.6% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 214,111 shares of the company’s stock valued at $7,320,000 after purchasing an additional 23,937 shares during the period. Lee Danner & Bass Inc. boosted its holdings in APA by 82.3% in the 3rd quarter. Lee Danner & Bass Inc. now owns 20,050 shares of the company’s stock valued at $686,000 after purchasing an additional 9,050 shares during the period. Finally, Monaco Asset Management SAM bought a new stake in APA in the 3rd quarter valued at $684,000. 80.79% of the stock is owned by institutional investors.

APA Trading Down 2.9 %

APA opened at $44.06 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.48. The stock has a market capitalization of $14.17 billion, a PE ratio of 4.21, a PEG ratio of 0.17 and a beta of 3.58. APA Co. has a 1-year low of $29.61 and a 1-year high of $51.95. The firm has a 50-day moving average price of $45.18 and a two-hundred day moving average price of $42.28.

APA (NASDAQ:APA – Get Rating) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.05. The firm had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.35 billion. APA had a net margin of 33.83% and a return on equity of 325.67%. The company’s quarterly revenue was up 40.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.98 EPS. As a group, equities analysts anticipate that APA Co. will post 7.97 earnings per share for the current fiscal year.

APA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 22nd. Shareholders of record on Monday, January 23rd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.27%. The ex-dividend date is Friday, January 20th. APA’s payout ratio is presently 9.55%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on APA shares. Jefferies Financial Group started coverage on shares of APA in a report on Wednesday, October 19th. They set a “hold” rating and a $45.00 price objective for the company. Raymond James reduced their price objective on shares of APA from $75.00 to $70.00 and set a “strong-buy” rating for the company in a report on Wednesday, October 5th. Wells Fargo & Company started coverage on shares of APA in a report on Tuesday. They set an “overweight” rating for the company. Mizuho downgraded shares of APA from a “buy” rating to an “underperform” rating and reduced their price objective for the stock from $52.00 to $48.00 in a report on Tuesday, January 10th. Finally, Barclays reduced their price objective on shares of APA from $55.00 to $48.00 and set an “overweight” rating for the company in a report on Monday. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eleven 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 a consensus price target of $52.88.

APA Company Profile

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APA Corporation, through its subsidiaries, explores for, develops, and produces oil and gas properties. 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, processing, and transmission assets in West Texas, as well as holds ownership in four Permian-to-Gulf Coast pipelines.