2,380 Shares in APA Co. (NASDAQ:APA) Purchased by Pilgrim Partners Asia Pte Ltd

Pilgrim Partners Asia Pte Ltd acquired a new stake in APA Co. (NASDAQ:APA) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,380 shares of the company’s stock, valued at approximately $55,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Resona Asset Management Co. Ltd. bought a new stake in shares of APA in the 4th quarter valued at approximately $2,617,000. Prudential PLC acquired a new stake in shares of APA in the fourth quarter valued at approximately $695,000. Huntington National Bank raised its holdings in shares of APA by 97.1% during the fourth quarter. Huntington National Bank now owns 3,371 shares of the company’s stock valued at $78,000 after buying an additional 1,661 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of APA by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 9,507,956 shares of the company’s stock worth $219,016,000 after buying an additional 200,770 shares during the period. Finally, Franklin Resources Inc. boosted its position in shares of APA by 42.2% during the fourth quarter. Franklin Resources Inc. now owns 461,901 shares of the company’s stock worth $10,665,000 after buying an additional 137,014 shares during the period. Institutional investors and hedge funds own 83.01% of the company’s stock.

Wall Street Analyst Weigh In

APA has been the topic of several recent analyst reports. Susquehanna cut their target price on APA from $33.00 to $31.00 and set a “positive” rating on the stock in a research note on Monday, March 3rd. JPMorgan Chase & Co. cut their price objective on shares of APA from $23.00 to $20.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. UBS Group decreased their target price on shares of APA from $28.00 to $27.00 and set a “neutral” rating for the company in a research report on Monday, December 9th. Mizuho lowered their target price on shares of APA from $25.00 to $24.00 and set an “underperform” rating on the stock in a research note on Monday, December 16th. Finally, Raymond James lowered shares of 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 research note on Monday, March 10th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $27.68.

APA Price Performance

APA opened at $15.18 on Friday. The firm has a market capitalization of $5.53 billion, a P/E ratio of 2.14 and a beta of 2.73. The stock has a fifty day moving average of $21.14 and a 200-day moving average of $22.75. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.03. APA Co. has a 12-month low of $14.86 and a 12-month high of $36.05.

APA (NASDAQ:APA) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.18). The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.31 billion. APA had a return on equity of 27.86% and a net margin of 24.36%. Equities analysts forecast that APA Co. will post 4.03 EPS for the current fiscal year.

APA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Tuesday, April 22nd will be paid a $0.25 dividend. The ex-dividend date is Tuesday, April 22nd. This represents a $1.00 annualized dividend and a yield of 6.59%. APA’s dividend payout ratio is presently 44.25%.

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.