First Trust Advisors LP Sells 20,243 Shares of APA Co. (NASDAQ:APA)

First Trust Advisors LP decreased its holdings in shares of APA Co. (NASDAQ:APAFree Report) by 2.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 854,113 shares of the company’s stock after selling 20,243 shares during the period. First Trust Advisors LP owned 0.28% of APA worth $30,646,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of APA in the 3rd quarter worth approximately $34,000. Rakuten Securities Inc. bought a new position in shares of APA in the 4th quarter worth approximately $34,000. Quent Capital LLC raised its position in shares of APA by 64.0% in the 4th quarter. Quent Capital LLC now owns 961 shares of the company’s stock worth $34,000 after acquiring an additional 375 shares in the last quarter. Principal Securities Inc. bought a new position in shares of APA in the 4th quarter worth approximately $39,000. Finally, Altshuler Shaham Ltd bought a new position in shares of APA in the 4th quarter worth approximately $44,000. Institutional investors own 83.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on APA. Wells Fargo & Company decreased their target price on APA from $53.00 to $52.00 and set an “overweight” rating for the company in a research report on Wednesday, May 22nd. Piper Sandler reduced their price objective on APA from $35.00 to $33.00 and set a “neutral” rating for the company in a research report on Tuesday, May 14th. Barclays cut their target price on APA from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 2nd. JPMorgan Chase & Co. raised their price target on APA from $38.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Finally, StockNews.com downgraded APA from a “buy” rating to a “hold” rating in a research note on Friday, May 10th. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $41.90.

View Our Latest Analysis on APA

APA Trading Down 1.3 %

Shares of APA stock opened at $28.85 on Monday. APA Co. has a 12-month low of $28.67 and a 12-month high of $46.15. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.42. The stock’s 50-day moving average price is $31.53 and its 200-day moving average price is $32.45. The stock has a market capitalization of $10.71 billion, a price-to-earnings ratio of 3.23 and a beta of 3.24.

APA (NASDAQ:APAGet Free Report) last issued its earnings results on Thursday, May 2nd. The company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.12). APA had a return on equity of 45.32% and a net margin of 34.04%. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same period last year, the firm posted $1.19 earnings per share. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. Equities research analysts predict that APA Co. will post 4.58 EPS for the current fiscal year.

APA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 22nd. Shareholders of record on Monday, July 22nd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, July 22nd. This represents a $1.00 annualized dividend and a dividend yield of 3.47%. APA’s dividend payout ratio (DPR) is presently 11.19%.

APA Company 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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