American Century Companies Inc. Sells 28,652 Shares of APA Co. (NASDAQ:APA)

American Century Companies Inc. lowered its stake in APA Co. (NASDAQ:APAFree Report) by 4.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 576,333 shares of the company’s stock after selling 28,652 shares during the quarter. American Century Companies Inc. owned 0.19% of APA worth $20,747,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Banco Bilbao Vizcaya Argentaria S.A. increased its stake in APA by 3.1% during the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 8,024 shares of the company’s stock valued at $375,000 after purchasing an additional 240 shares in the last quarter. SVB Wealth LLC increased its stake in APA by 1.8% during the 4th quarter. SVB Wealth LLC now owns 14,408 shares of the company’s stock valued at $673,000 after purchasing an additional 254 shares in the last quarter. Vontobel Holding Ltd. increased its stake in APA by 0.8% during the 1st quarter. Vontobel Holding Ltd. now owns 34,086 shares of the company’s stock valued at $1,229,000 after purchasing an additional 281 shares in the last quarter. Lindbrook Capital LLC increased its stake in APA by 35.9% during the 1st quarter. Lindbrook Capital LLC now owns 1,075 shares of the company’s stock valued at $39,000 after purchasing an additional 284 shares in the last quarter. Finally, CWM LLC boosted its holdings in APA by 5.9% during the 1st quarter. CWM LLC now owns 6,144 shares of the company’s stock worth $222,000 after acquiring an additional 340 shares during the last quarter. Institutional investors own 80.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on APA shares. VNET Group reaffirmed a “maintains” rating on shares of APA in a report on Wednesday, June 14th. UBS Group boosted their price target on shares of APA from $35.00 to $53.00 and gave the stock a “neutral” rating in a report on Thursday, August 17th. Morgan Stanley boosted their price target on shares of APA from $37.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, August 18th. Piper Sandler boosted their price target on shares of APA from $42.00 to $46.00 and gave the stock a “neutral” rating in a report on Monday, August 14th. Finally, 58.com reissued a “maintains” rating on shares of APA in a report on Wednesday, June 14th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $47.36.

View Our Latest Report on APA

APA Trading Up 0.3 %

Shares of APA stock opened at $43.72 on Thursday. APA Co. has a 12-month low of $30.67 and a 12-month high of $50.58. The company has a market cap of $13.43 billion, a price-to-earnings ratio of 9.36, a PEG ratio of 8.50 and a beta of 3.53. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 3.29. The company’s 50-day moving average price is $39.26 and its 200-day moving average price is $36.42.

APA (NASDAQ:APAGet Free Report) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.19. APA had a net margin of 16.14% and a return on equity of 117.05%. The firm had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the prior year, the firm posted $2.37 earnings per share. The company’s revenue for the quarter was down 41.2% on a year-over-year basis. On average, equities analysts expect that APA Co. will post 4.24 earnings per share for the current fiscal year.

About APA

(Free Report)

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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Institutional Ownership by Quarter for APA (NASDAQ:APA)

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