Signaturefd LLC Acquires 1,633 Shares of APA Co. (NASDAQ:APA)

Signaturefd LLC increased its holdings in APA Co. (NASDAQ:APA) by 43.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,434 shares of the company’s stock after purchasing an additional 1,633 shares during the period. Signaturefd LLC’s holdings in APA were worth $195,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings 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 worth $1,714,656,000 after buying an additional 2,003,862 shares during the period. Ameriprise Financial Inc. raised its holdings in APA by 130.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,534,209 shares of the company’s stock worth $63,037,000 after acquiring an additional 867,257 shares during the period. Los Angeles Capital Management LLC lifted its position 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 worth $37,880,000 after acquiring an additional 865,026 shares during the last quarter. Smead Capital Management Inc. boosted its holdings in APA by 13.6% during the fourth quarter. Smead Capital Management Inc. now owns 5,235,957 shares of the company’s stock valued at $187,866,000 after acquiring an additional 626,460 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in shares of APA by 8,888.4% in the third quarter. Assenagon Asset Management S.A. now owns 549,552 shares of the company’s stock valued at $22,587,000 after purchasing an additional 543,438 shares during the last quarter. 83.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on APA. Johnson Rice cut APA from a “buy” rating to a “hold” rating and set a $40.00 price objective for the company. in a research report on Friday, January 5th. Susquehanna increased their price objective on APA from $50.00 to $54.00 and gave the company a “positive” rating in a research report on Monday, April 22nd. JPMorgan Chase & Co. raised their price objective on shares of APA from $38.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Truist Financial cut their target price on shares of APA from $59.00 to $53.00 and set a “buy” rating for the company in a research note on Friday, April 5th. Finally, Scotiabank restated a “sector perform” rating and issued a $37.00 price target (down from $43.00) on shares of APA in a research report on Tuesday, January 16th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $42.25.

APA Stock Up 0.4 %

Shares of NASDAQ:APA opened at $32.49 on Friday. The company’s fifty day moving average is $32.55 and its 200-day moving average is $34.42. 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 company has a market capitalization of $9.78 billion, a PE ratio of 3.50 and a beta of 3.27.

APA (NASDAQ:APA) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $1.15 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.18). The firm 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%. APA’s quarterly revenue was down 12.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.48 earnings per share. Equities research analysts predict that APA Co. will post 5.03 earnings per share for the current fiscal year.

APA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Monday, April 22nd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend is Friday, April 19th. APA’s dividend payout ratio is currently 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.