Mutual of America Capital Management LLC Sells 1,954 Shares of APA Co. (NASDAQ:APA)

Mutual of America Capital Management LLC lessened its holdings in APA Co. (NASDAQ:APA) by 4.5% in the 4th quarter, Holdings Channel reports. The firm owned 41,084 shares of the company’s stock after selling 1,954 shares during the quarter. Mutual of America Capital Management LLC’s holdings in APA were worth $1,474,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. HB Wealth Management LLC bought a new stake in APA during the third quarter valued at about $256,000. Ferguson Wellman Capital Management Inc. boosted its stake in APA by 3.2% in the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 1,237,787 shares of the company’s stock valued at $44,412,000 after acquiring an additional 38,505 shares during the last quarter. AustralianSuper Pty Ltd raised its holdings in APA by 14.3% in the fourth quarter. AustralianSuper Pty Ltd now owns 726,126 shares of the company’s stock worth $26,053,000 after purchasing an additional 90,610 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of APA by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,531,313 shares of the company’s stock worth $104,037,000 after acquiring an additional 24,182 shares during the period. Finally, International Assets Investment Management LLC bought a new position in APA in the fourth quarter valued at $11,050,000. 83.01% of the stock is currently owned by institutional investors.

APA Trading Down 0.2 %

Shares of APA opened at $32.36 on Monday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.02 and a current ratio of 1.02. APA Co. has a 52-week low of $29.47 and a 52-week high of $46.15. The firm has a market cap of $9.74 billion, a price-to-earnings ratio of 3.49 and a beta of 3.27. The business’s fifty day moving average is $32.37 and its 200-day moving average is $34.61.

APA (NASDAQ:APA) last released its earnings results on Thursday, February 22nd. The company reported $1.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.18). The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.07 billion. APA had a net margin of 34.95% and a return on equity of 62.64%. The business’s revenue was down 12.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.48 EPS. Equities analysts anticipate that APA Co. will post 4.85 EPS for the current fiscal year.

APA Dividend Announcement

The business also recently disclosed 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. This represents a $1.00 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend is Friday, April 19th. APA’s dividend payout ratio is 10.78%.

Wall Street Analysts Forecast Growth

APA has been the subject of a number of research reports. Piper Sandler raised their target price on shares of APA from $33.00 to $35.00 and gave the stock a “neutral” rating in a research note on Friday. Susquehanna reduced their price target on APA from $53.00 to $50.00 and set a “positive” rating for the company in a research note on Friday, January 26th. The Goldman Sachs Group lowered their price objective on APA from $35.00 to $31.00 and set a “sell” rating on the stock in a research report on Tuesday, March 26th. Truist Financial reduced their target price on shares of APA from $59.00 to $53.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $45.00 price target on shares of APA in a research note on Monday, April 8th. 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $41.90.

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.