APA Co. (NASDAQ:APA) Shares Acquired by SVB Wealth LLC

SVB Wealth LLC boosted its position in shares of APA Co. (NASDAQ:APA) by 7.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,868 shares of the company’s stock after purchasing an additional 386 shares during the period. SVB Wealth LLC’s holdings in APA were worth $211,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in APA. Vanguard Group Inc. boosted its stake in 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. Ameriprise Financial Inc. boosted its stake in APA by 130.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,534,209 shares of the company’s stock valued at $63,037,000 after acquiring an additional 867,257 shares during the last quarter. Los Angeles Capital Management LLC boosted its stake in APA by 1,527.3% during the 3rd quarter. Los Angeles Capital Management LLC now owns 921,662 shares of the company’s stock valued at $37,880,000 after acquiring an additional 865,026 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in APA by 8,888.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 549,552 shares of the company’s stock valued at $22,587,000 after acquiring an additional 543,438 shares during the last quarter. Finally, Great Lakes Advisors LLC boosted its stake in APA by 5,967.2% during the 3rd quarter. Great Lakes Advisors LLC now owns 389,455 shares of the company’s stock valued at $16,007,000 after acquiring an additional 383,036 shares during the last quarter. 83.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

APA has been the topic of a number of research analyst reports. Piper Sandler increased their price objective on shares of APA from $33.00 to $35.00 and gave the company a “neutral” rating in a research note on Friday, April 19th. Susquehanna increased their price objective on shares of APA from $50.00 to $54.00 and gave the company a “positive” rating in a research note on Monday. Mizuho reduced their price target on shares of APA from $36.00 to $34.00 and set an “underperform” rating on the stock in a research report on Friday, March 15th. Royal Bank of Canada restated a “sector perform” rating and issued a $45.00 price target on shares of APA in a research report on Monday, April 8th. Finally, The Goldman Sachs Group reduced their price target on shares of APA from $35.00 to $31.00 and set a “sell” rating on the stock in a research report on Tuesday, March 26th. Three research 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, APA presently has a consensus rating of “Hold” and an average target price of $42.10.

APA Stock Down 1.3 %

APA stock opened at $32.06 on Wednesday. The stock has a market cap of $9.65 billion, a price-to-earnings ratio of 3.45 and a beta of 3.27. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.41. The company’s 50-day moving average price is $32.46 and its two-hundred day moving average price is $34.53. APA Co. has a 52 week low of $29.47 and a 52 week high of $46.15.

APA (NASDAQ:APA) last released its 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 company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.07 billion. APA had a net margin of 34.95% and a return on equity of 62.64%. The firm’s quarterly revenue was down 12.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.48 EPS. On average, analysts expect that APA Co. will post 4.85 EPS for the current fiscal 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 dividend of $0.25 per share. The ex-dividend date is Friday, April 19th. This represents a $1.00 annualized dividend and a yield of 3.12%. APA’s payout ratio is 10.78%.

APA Company 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.