Atria Wealth Solutions Inc. Makes New Investment in APA Co. (NASDAQ:APA)

Atria Wealth Solutions Inc. acquired a new stake in APA Co. (NASDAQ:APA) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 13,513 shares of the company’s stock, valued at approximately $485,000.

A number of other institutional investors have also made changes to their positions in APA. Commonwealth Equity Services LLC lifted its position 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 last quarter. SVB Wealth LLC acquired a new position in APA in the 3rd quarter valued at $225,000. Raymond James & Associates increased its position in APA by 4.6% during the 3rd quarter. Raymond James & Associates now owns 643,011 shares of the company’s stock worth $26,428,000 after buying an additional 28,102 shares during the period. Brown Advisory Inc. bought a new position in APA during the third quarter worth about $222,000. Finally, Mackenzie Financial Corp raised its stake in APA by 1.7% in the 3rd quarter. Mackenzie Financial Corp now owns 43,193 shares of the company’s stock worth $1,713,000 after purchasing an additional 725 shares in the last quarter. Institutional investors own 83.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on APA shares. JPMorgan Chase & Co. lifted their price target on shares of APA from $38.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Raymond James reduced their price objective on APA from $44.00 to $43.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, January 24th. StockNews.com downgraded APA from a “buy” rating to a “hold” rating in a research note on Saturday. Morgan Stanley restated an “underweight” rating and issued a $28.00 price target on shares of APA in a research note on Monday, April 15th. Finally, The Goldman Sachs Group lowered their price objective on shares of APA from $35.00 to $31.00 and set a “sell” rating for the company in a research report on Tuesday, March 26th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $42.05.

APA Stock Performance

NASDAQ:APA opened at $29.26 on Monday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.02 and a current ratio of 1.16. APA Co. has a fifty-two week low of $28.90 and a fifty-two week high of $46.15. The company has a 50 day simple moving average of $32.52 and a two-hundred day simple moving average of $34.07. The company has a market capitalization of $8.81 billion, a PE ratio of 3.27 and a beta of 3.29.

APA (NASDAQ:APA) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.12). The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.89 billion. APA had a return on equity of 45.32% and a net margin of 34.04%. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.19 earnings per share. Research analysts anticipate that APA Co. will post 5.03 earnings per share for the current year.

APA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Monday, April 22nd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date is Friday, April 19th. APA’s dividend payout ratio is 11.19%.

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.