APA Co. (NASDAQ:APA) Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC boosted its position in APA Co. (NASDAQ:APA) by 192.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 26,814 shares of the company’s stock after purchasing an additional 17,641 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in APA were worth $962,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in APA. Covestor Ltd boosted its holdings in APA by 117.8% in the first quarter. Covestor Ltd now owns 808 shares of the company’s stock valued at $33,000 after acquiring an additional 437 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC purchased a new position in APA in the third quarter valued at about $34,000. Quent Capital LLC raised its position in APA by 64.0% in the fourth quarter. Quent Capital LLC now owns 961 shares of the company’s stock valued at $34,000 after purchasing an additional 375 shares during the period. Money Concepts Capital Corp raised its position in APA by 228.6% in the fourth quarter. Money Concepts Capital Corp now owns 723 shares of the company’s stock valued at $34,000 after purchasing an additional 503 shares during the period. Finally, Quarry LP raised its position in APA by 2,535.1% in the first quarter. Quarry LP now owns 975 shares of the company’s stock valued at $35,000 after purchasing an additional 938 shares during the period. Institutional investors and hedge funds own 83.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Susquehanna cut their price objective on APA from $53.00 to $50.00 and set a “positive” rating on the stock in a research report on Friday, January 26th. JPMorgan Chase & Co. raised their price objective on APA from $38.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday. Roth Mkm raised their price objective on APA from $37.00 to $39.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Raymond James cut their price objective on APA from $44.00 to $43.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, January 24th. Finally, Piper Sandler dropped their target price on APA from $36.00 to $33.00 and set a “neutral” rating on the stock in a research report on Thursday, March 7th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, APA currently has a consensus rating of “Hold” and a consensus price target of $42.30.

APA Stock Performance

Shares of APA stock opened at $33.72 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.41. The business has a 50 day moving average of $32.14 and a two-hundred day moving average of $34.88. APA Co. has a 52 week low of $29.47 and a 52 week high of $46.15. The company has a market cap of $10.18 billion, a P/E ratio of 3.63 and a beta of 3.27.

APA (NASDAQ:APA) last issued its earnings results on Thursday, February 22nd. The company reported $1.15 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.18). APA had a net margin of 34.95% and a return on equity of 62.64%. The company had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same quarter in the previous year, the firm earned $1.48 earnings per share. The business’s revenue was down 12.3% on a year-over-year basis. As a group, analysts anticipate that APA Co. will post 4.6 EPS for the current year.

APA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Monday, April 22nd will be paid a $0.25 dividend. The ex-dividend date is Friday, April 19th. This represents a $1.00 dividend on an annualized basis and a yield of 2.97%. APA’s payout ratio is currently 10.78%.

About APA

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.