KBC Group NV Buys 51,280 Shares of APA Co. (NASDAQ:APA)

KBC Group NV boosted its position in shares of APA Co. (NASDAQ:APAFree Report) by 145.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,611 shares of the company’s stock after acquiring an additional 51,280 shares during the period. KBC Group NV’s holdings in APA were worth $3,107,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of APA. Vanguard Group Inc. raised its holdings in shares of APA by 5.0% in the 3rd 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 in the last quarter. Ameriprise Financial Inc. grew its stake 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 buying an additional 867,257 shares in the last quarter. Smead Capital Management Inc. increased its holdings in shares of APA by 13.6% in the 4th quarter. Smead Capital Management Inc. now owns 5,235,957 shares of the company’s stock worth $187,866,000 after buying an additional 626,460 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of APA by 23.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,841,956 shares of the company’s stock valued at $66,093,000 after buying an additional 345,192 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in APA by 46.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 802,230 shares of the company’s stock worth $28,784,000 after acquiring an additional 252,678 shares in the last quarter. Hedge funds and other institutional investors own 83.01% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on APA. JPMorgan Chase & Co. upped their price objective on APA from $38.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Wells Fargo & Company decreased their price target on shares of APA from $53.00 to $52.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 22nd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $45.00 price objective on shares of APA in a research note on Monday, April 8th. Mizuho lifted their target price on shares of APA from $34.00 to $35.00 and gave the stock an “underperform” rating in a research report on Tuesday, May 21st. Finally, Truist Financial cut their price target on shares of APA from $59.00 to $53.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $41.90.

Get Our Latest Research Report on APA

APA Stock Up 0.8 %

APA stock opened at $29.23 on Friday. APA Co. has a fifty-two week low of $28.67 and a fifty-two week high of $46.15. The company has a market capitalization of $10.85 billion, a price-to-earnings ratio of 3.27 and a beta of 3.24. The business’s 50 day moving average price is $31.64 and its two-hundred day moving average price is $32.57. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.16 and a current ratio of 1.16.

APA (NASDAQ:APAGet Free Report) last released its quarterly earnings results 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 the consensus estimate of $1.89 billion. APA had a net margin of 34.04% and a return on equity of 45.32%. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.19 earnings per share. As a group, analysts forecast that APA Co. will post 4.58 earnings per share for the current fiscal year.

APA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 22nd. Stockholders of record on Monday, July 22nd will be given 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 of this dividend is Monday, July 22nd. APA’s dividend payout ratio is presently 11.19%.

APA Profile

(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.

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Institutional Ownership by Quarter for APA (NASDAQ:APA)

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