APA Co. (NASDAQ:APA) Shares Sold by Captrust Financial Advisors

Captrust Financial Advisors lowered its position in shares of APA Co. (NASDAQ:APA) by 45.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 21,060 shares of the company’s stock after selling 17,486 shares during the quarter. Captrust Financial Advisors’ holdings in APA were worth $486,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Invesco Ltd. lifted its holdings in shares of APA by 6.9% in the 4th quarter. Invesco Ltd. now owns 13,230,751 shares of the company’s stock valued at $305,498,000 after buying an additional 850,052 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of APA by 7.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,886,087 shares of the company’s stock valued at $297,540,000 after buying an additional 894,574 shares during the period. Geode Capital Management LLC lifted its holdings in shares of APA by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 9,507,956 shares of the company’s stock valued at $219,016,000 after buying an additional 200,770 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of APA by 33.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,186,244 shares of the company’s stock valued at $142,823,000 after buying an additional 1,540,055 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in APA by 29.4% in the 4th quarter. Bank of New York Mellon Corp now owns 4,092,666 shares of the company’s stock worth $94,500,000 after purchasing an additional 929,770 shares during the period. Institutional investors and hedge funds own 83.01% of the company’s stock.

APA Price Performance

APA stock opened at $17.59 on Monday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.24 and a quick ratio of 1.24. The business has a 50 day simple moving average of $17.51 and a 200-day simple moving average of $20.69. The firm has a market capitalization of $6.36 billion, a PE ratio of 2.48 and a beta of 1.18. APA Co. has a 1 year low of $13.58 and a 1 year high of $33.41.

APA (NASDAQ:APA) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.23. The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.17 billion. APA had a return on equity of 27.86% and a net margin of 24.36%. The business’s revenue was up 35.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.78 earnings per share. Equities research analysts anticipate that APA Co. will post 4.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

APA has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price target on APA from $23.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Wells Fargo & Company reduced their price target on APA from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Wednesday, March 26th. Royal Bank of Canada reduced their price target on APA from $27.00 to $24.00 and set a “sector perform” rating for the company in a report on Friday, April 11th. Raymond James cut APA from a “strong-buy” rating to an “outperform” rating and reduced their price target for the stock from $45.00 to $32.00 in a report on Monday, March 10th. Finally, Scotiabank reduced their price target on APA from $26.00 to $14.00 and set a “sector perform” rating for the company in a report on Friday, April 11th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $25.37.

APA Profile

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.