Neuberger Berman Group LLC Has $362,000 Stake in APA Co. (NASDAQ:APA)

Neuberger Berman Group LLC boosted its holdings in shares of APA Co. (NASDAQ:APAFree Report) by 35.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,083 shares of the company’s stock after buying an additional 2,666 shares during the quarter. Neuberger Berman Group LLC’s holdings in APA were worth $362,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in APA by 5.0% during the third 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 period. 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. Clearbridge Investments LLC boosted its holdings in APA by 1.9% during the third quarter. Clearbridge Investments LLC now owns 2,815,109 shares of the company’s stock valued at $115,701,000 after acquiring an additional 53,241 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in APA by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,619,374 shares of the company’s stock valued at $93,983,000 after acquiring an additional 88,061 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in APA by 23.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,841,956 shares of the company’s stock valued at $66,093,000 after acquiring an additional 345,192 shares during the period. 83.01% of the stock is owned by institutional investors and hedge funds.

APA Stock Performance

NASDAQ APA opened at $29.36 on Tuesday. The firm has a market cap of $10.90 billion, a price-to-earnings ratio of 3.28 and a beta of 3.29. The company has a 50 day moving average of $32.32 and a 200-day moving average of $32.92. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.42. APA Co. has a 1-year low of $28.90 and a 1-year high of $46.15.

APA (NASDAQ:APAGet Free Report) 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 business’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.19 EPS. On average, equities analysts forecast that APA Co. will post 4.63 earnings per share for the current fiscal year.

APA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 22nd. Investors of record on Monday, July 22nd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend is Monday, July 22nd. APA’s dividend payout ratio is currently 11.19%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on APA shares. Roth Mkm upped their price target on shares of APA from $37.00 to $39.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $45.00 target price on shares of APA in a research note on Monday, April 8th. Susquehanna increased their target price on shares of APA from $54.00 to $57.00 and gave the company a “positive” rating in a research note on Tuesday, May 7th. Barclays reduced their target price on shares of APA from $40.00 to $38.00 and set an “equal weight” rating for the company in a research note on Thursday, May 2nd. Finally, JPMorgan Chase & Co. increased their target price on shares of APA from $38.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $41.90.

Read Our Latest Stock Analysis on APA

About APA

(Free Report)

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.

See Also

Institutional Ownership by Quarter for APA (NASDAQ:APA)

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