GAMMA Investing LLC Invests $95,000 in APA Co. (NASDAQ:APA)

GAMMA Investing LLC bought a new stake in APA Co. (NASDAQ:APA) during the 4th quarter, HoldingsChannel.com reports. The fund bought 2,659 shares of the company’s stock, valued at approximately $95,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. raised its holdings in shares of APA by 28.9% during the fourth quarter. Daiwa Securities Group Inc. now owns 33,246 shares of the company’s stock worth $1,193,000 after purchasing an additional 7,461 shares during the last quarter. Ferguson Wellman Capital Management Inc. lifted its holdings 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 period. AustralianSuper Pty Ltd grew its stake in shares of APA by 14.3% during the 4th 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. increased its holdings in shares of APA by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,531,313 shares of the company’s stock valued at $104,037,000 after purchasing an additional 24,182 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of APA in the 4th quarter valued at $11,050,000. Hedge funds and other institutional investors own 83.01% of the company’s stock.

Analyst Ratings Changes

APA has been the topic of a number of analyst reports. The Goldman Sachs Group dropped their target price on APA from $35.00 to $31.00 and set a “sell” rating on the stock in a research report on Tuesday, March 26th. Susquehanna upped their target price on APA from $50.00 to $54.00 and gave the stock a “positive” rating in a research note on Monday, April 22nd. Johnson Rice cut shares of APA from a “buy” rating to a “hold” rating and set a $40.00 price target on the stock. in a research note on Friday, January 5th. Raymond James reduced their price objective on shares of APA from $44.00 to $43.00 and set a “strong-buy” rating for the company in a research report on Wednesday, January 24th. Finally, Barclays started coverage on shares of APA in a research report on Wednesday, April 10th. They issued an “equal weight” rating and a $40.00 target price on the stock. Three 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 assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $42.25.

APA Stock Up 0.4 %

APA stock opened at $32.49 on Monday. APA Co. has a fifty-two week low of $29.47 and a fifty-two week high of $46.15. The company’s 50 day moving average price is $32.55 and its 200 day moving average price is $34.39. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $9.78 billion, a price-to-earnings ratio of 3.50 and a beta of 3.27.

APA (NASDAQ:APA) last released its quarterly earnings data on Thursday, February 22nd. The company reported $1.15 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 analysts’ expectations of $2.07 billion. APA had a net margin of 34.95% and a return on equity of 62.64%. The company’s revenue was down 12.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.48 EPS. On average, equities research analysts anticipate that APA Co. will post 5.03 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. Investors of record on Monday, April 22nd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend is Friday, April 19th. APA’s dividend payout ratio (DPR) 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.