Stephens Inc. AR Raises Position in APA Co. (NASDAQ:APA)

Stephens Inc. AR raised its holdings in APA Co. (NASDAQ:APAFree Report) by 0.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,475 shares of the company’s stock after buying an additional 436 shares during the period. Stephens Inc. AR’s holdings in APA were worth $1,775,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Daiwa Securities Group Inc. lifted its position in shares of APA by 28.9% during the 4th 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. Summa Corp. purchased a new stake in shares of APA during the 4th quarter worth $7,571,000. Ferguson Wellman Capital Management Inc. lifted its position in shares of APA by 3.2% during the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 1,237,787 shares of the company’s stock worth $44,412,000 after purchasing an additional 38,505 shares during the last quarter. Dimensional Fund Advisors LP lifted 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 worth $66,093,000 after purchasing an additional 345,192 shares during the last quarter. Finally, GAMMA Investing LLC purchased a new stake in shares of APA during the 4th quarter worth $95,000. Hedge funds and other institutional investors own 83.01% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on APA shares. StockNews.com cut shares of APA from a “buy” rating to a “hold” rating in a research report on Friday, May 10th. The Goldman Sachs Group cut their price target on shares of APA from $35.00 to $31.00 and set a “sell” rating on the stock in a research note on Tuesday, March 26th. Roth Mkm lifted their price target on shares of APA from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Royal Bank of Canada reiterated a “sector perform” rating and set a $45.00 price target on shares of APA in a research note on Monday, April 8th. Finally, Morgan Stanley reiterated an “underweight” rating and set a $28.00 price target on shares of APA in a research note on Monday, April 15th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $41.90.

Get Our Latest Stock Report on APA

APA Trading Down 1.3 %

NASDAQ APA opened at $28.85 on Friday. The firm has a market cap of $10.71 billion, a PE ratio of 3.23 and a beta of 3.24. The firm’s fifty day moving average is $31.53 and its two-hundred day moving average is $32.51. 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 Co. has a one year low of $28.67 and a one year high of $46.15.

APA (NASDAQ:APAGet Free Report) last issued its 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 during the quarter, compared to analysts’ expectations of $1.89 billion. APA had a net margin of 34.04% and a return on equity of 45.32%. The firm’s revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.19 EPS. Analysts expect that APA Co. will post 4.58 earnings per share for the current year.

APA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 22nd. Stockholders of record on Monday, July 22nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend is Monday, July 22nd. APA’s payout ratio is 11.19%.

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.

Recommended Stories

Institutional Ownership by Quarter for APA (NASDAQ:APA)

Receive News & Ratings for APA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for APA and related companies with MarketBeat.com's FREE daily email newsletter.