APA Co. (NASDAQ:APA) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lowered its stake in APA Co. (NASDAQ:APA) by 15.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 76,626 shares of the company’s stock after selling 14,035 shares during the quarter. Yousif Capital Management LLC’s holdings in APA were worth $2,749,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Czech National Bank increased its position in shares of APA by 47.0% during the 3rd quarter. Czech National Bank now owns 53,704 shares of the company’s stock valued at $2,207,000 after purchasing an additional 17,161 shares during the period. Brookstone Capital Management boosted its stake in APA by 6.8% during the third quarter. Brookstone Capital Management now owns 66,203 shares of the company’s stock valued at $2,867,000 after buying an additional 4,226 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in APA by 16.2% during the third quarter. Commonwealth Equity Services LLC now owns 64,406 shares of the company’s stock worth $2,647,000 after acquiring an additional 9,001 shares during the period. Sebold Capital Management Inc. bought a new stake in APA in the third quarter worth about $211,000. Finally, SVB Wealth LLC acquired a new stake in APA in the 3rd quarter valued at about $225,000. Institutional investors own 83.01% of the company’s stock.

APA Trading Up 0.7 %

Shares of APA stock opened at $32.72 on Tuesday. The company has a market capitalization of $9.85 billion, a P/E ratio of 3.53 and a beta of 3.27. APA Co. has a 12-month low of $29.47 and a 12-month high of $46.15. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.41. The firm has a 50-day moving average price of $32.57 and a 200 day moving average price of $34.35.

APA (NASDAQ:APA) last posted 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). APA had a return on equity of 62.64% and a net margin of 34.95%. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same period in the previous year, the business posted $1.48 EPS. The business’s quarterly revenue was down 12.3% on a year-over-year basis. Research analysts forecast that APA Co. will post 5.03 earnings per share for the current fiscal year.

APA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Monday, April 22nd will be given a $0.25 dividend. The ex-dividend date is Friday, April 19th. This represents a $1.00 annualized dividend and a yield of 3.06%. APA’s payout ratio is 10.78%.

Analysts Set New Price Targets

Several research firms have recently weighed in on APA. Piper Sandler raised their price objective on APA from $33.00 to $35.00 and gave the stock a “neutral” rating in a research note on Friday, April 19th. Truist Financial dropped their price target on APA from $59.00 to $53.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $45.00 price objective on shares of APA in a research note on Monday, April 8th. StockNews.com raised shares of APA from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. Finally, Wells Fargo & Company assumed coverage on shares of APA in a research report on Wednesday, April 24th. They issued an “overweight” rating and a $55.00 price target for the company. Three analysts have rated the stock with a sell rating, ten have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $42.25.

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.