APA Co. (NASDAQ:APA) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lessened its holdings in APA Co. (NASDAQ:APA) by 92.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,100 shares of the company’s stock after selling 113,498 shares during the period. Assenagon Asset Management S.A.’s holdings in APA were worth $268,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of APA. Vanguard Group Inc. grew its position in shares of APA by 4.7% in the first quarter. Vanguard Group Inc. now owns 44,648,084 shares of the company’s stock valued at $1,535,001,000 after purchasing an additional 2,004,555 shares during the period. Summa Corp. acquired a new stake in APA in the 4th quarter worth about $7,571,000. Wealthquest Corp increased its stake in APA by 21.7% during the 4th quarter. Wealthquest Corp now owns 154,200 shares of the company’s stock worth $5,533,000 after buying an additional 27,513 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in 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 buying an additional 345,192 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its holdings in shares of APA by 10.6% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 20,299,538 shares of the company’s stock valued at $728,347,000 after acquiring an additional 1,938,335 shares during the last quarter. Institutional investors and hedge funds own 83.01% of the company’s stock.

APA Trading Up 2.0 %

Shares of APA stock opened at $28.47 on Friday. APA Co. has a 1-year low of $26.81 and a 1-year high of $46.15. The firm has a market cap of $10.57 billion, a PE ratio of 3.18 and a beta of 3.26. The company has a 50-day moving average of $29.43 and a two-hundred day moving average of $30.70. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.01 and a quick ratio of 1.16.

APA (NASDAQ:APA) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.22. APA had a net margin of 32.66% and a return on equity of 35.95%. The firm had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter last year, the company posted $0.85 EPS. The firm’s quarterly revenue was up 41.6% on a year-over-year basis. On average, analysts predict that APA Co. will post 4.17 EPS for the current year.

Wall Street Analyst Weigh In

APA has been the topic of a number of research analyst reports. UBS Group lowered their price target on APA from $38.00 to $35.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 6th. Evercore ISI lowered shares of APA from an “outperform” rating to an “inline” rating and dropped their target price for the stock from $52.00 to $39.00 in a report on Friday, June 14th. Wolfe Research initiated coverage on shares of APA in a research note on Thursday, July 18th. They issued an “outperform” rating and a $42.00 price target on the stock. Piper Sandler dropped their price objective on shares of APA from $34.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday, August 15th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $41.00 price objective on shares of APA in a report on Wednesday, July 10th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $38.27.

About APA

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.