Mather Group LLC. Reduces Position in APA Corporation (NASDAQ:APA)

Mather Group LLC. cut its holdings in shares of APA Corporation (NASDAQ:APA) by 77.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,360 shares of the company’s stock after selling 4,600 shares during the quarter. Mather Group LLC.’s holdings in APA were worth $29,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in APA by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 9,507,956 shares of the company’s stock valued at $219,016,000 after purchasing an additional 200,770 shares during the last quarter. US Bancorp DE lifted its holdings in shares of APA by 2.2% in the fourth quarter. US Bancorp DE now owns 47,719 shares of the company’s stock worth $1,102,000 after buying an additional 1,010 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of APA by 3,303.0% in the first quarter. GAMMA Investing LLC now owns 268,194 shares of the company’s stock worth $5,637,000 after buying an additional 260,313 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of APA by 14.5% in the first quarter. Fifth Third Bancorp now owns 26,137 shares of the company’s stock worth $549,000 after buying an additional 3,306 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in shares of APA by 263.2% in the fourth quarter. Jones Financial Companies Lllp now owns 11,499 shares of the company’s stock worth $266,000 after buying an additional 8,333 shares in the last quarter. 83.01% of the stock is owned by hedge funds and other institutional investors.

APA Stock Down 0.0%

Shares of NASDAQ APA opened at $19.49 on Monday. APA Corporation has a one year low of $13.58 and a one year high of $33.41. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.89 and a quick ratio of 0.89. The firm’s 50 day simple moving average is $17.97 and its two-hundred day simple moving average is $19.76. The stock has a market capitalization of $7.05 billion, a P/E ratio of 7.01, a PEG ratio of 6.18 and a beta of 1.25.

APA (NASDAQ:APA) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.23. APA had a net margin of 9.75% and a return on equity of 23.22%. The business had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same period last year, the business earned $0.78 earnings per share. The business’s quarterly revenue was up 35.1% on a year-over-year basis. As a group, analysts expect that APA Corporation will post 4.03 EPS for the current fiscal year.

APA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Tuesday, July 22nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 5.13%. The ex-dividend date of this dividend is Tuesday, July 22nd. APA’s dividend payout ratio is 35.97%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on APA shares. Susquehanna lowered their price target on shares of APA from $31.00 to $30.00 and set a “positive” rating on the stock in a report on Tuesday, April 22nd. The Goldman Sachs Group reissued a “sell” rating and issued a $23.00 price target on shares of APA in a report on Wednesday, March 19th. Mizuho lowered their price target on shares of APA from $20.00 to $19.00 and set an “underperform” rating on the stock in a report on Tuesday, May 13th. Scotiabank decreased their price objective on shares of APA from $26.00 to $14.00 and set a “sector perform” rating on the stock in a research report on Friday, April 11th. Finally, Citigroup upped their price objective on shares of APA from $15.00 to $18.00 and gave the stock a “neutral” rating in a research report on Monday, May 19th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $24.72.

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.