Perigon Wealth Management LLC Sells 514 Shares of APA Co. (NASDAQ:APA)

Perigon Wealth Management LLC trimmed its position in APA Co. (NASDAQ:APA) by 8.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 5,660 shares of the company’s stock after selling 514 shares during the period. Perigon Wealth Management LLC’s holdings in APA were worth $203,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in APA. Arrowstreet Capital Limited Partnership raised its stake in shares of APA by 191.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,144,248 shares of the company’s stock worth $129,952,000 after buying an additional 2,064,022 shares during the last quarter. Vanguard Group Inc. raised its position in shares of APA by 5.0% during the 3rd quarter. Vanguard Group Inc. now owns 41,719,129 shares of the company’s stock valued at $1,714,656,000 after acquiring an additional 2,003,862 shares during the last quarter. Barclays PLC lifted its stake in shares of APA by 113.4% in the 2nd quarter. Barclays PLC now owns 2,026,480 shares of the company’s stock valued at $69,245,000 after purchasing an additional 1,076,668 shares during the period. BlackRock Inc. boosted its position in shares of APA by 4.1% in the 1st quarter. BlackRock Inc. now owns 27,525,712 shares of the company’s stock worth $992,577,000 after purchasing an additional 1,073,681 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in shares of APA by 175.7% during the second quarter. Legal & General Group Plc now owns 1,574,810 shares of the company’s stock worth $54,961,000 after purchasing an additional 1,003,586 shares during the period. 83.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Raymond James lowered their price target on APA from $44.00 to $43.00 and set a “strong-buy” rating for the company in a research note on Wednesday, January 24th. Roth Mkm increased their target price on shares of APA from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. StockNews.com raised shares of APA from a “hold” rating to a “buy” rating in a report on Friday, April 12th. Susquehanna dropped their price objective on APA from $53.00 to $50.00 and set a “positive” rating on the stock in a research note on Friday, January 26th. Finally, Morgan Stanley reissued an “underweight” rating and issued a $28.00 target price on shares of APA in a research note on Monday. Three analysts have rated the stock with a sell rating, ten have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $41.80.

APA Price Performance

NASDAQ APA opened at $32.26 on Thursday. APA Co. has a 12-month low of $29.47 and a 12-month high of $46.15. The firm’s 50 day moving average is $32.28 and its 200-day moving average is $34.73. The company has a market capitalization of $9.71 billion, a PE ratio of 3.48 and a beta of 3.27. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.41.

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

APA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Monday, April 22nd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, April 19th. This represents a $1.00 annualized dividend and a yield of 3.10%. APA’s dividend payout ratio (DPR) is presently 10.78%.

APA Profile

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.