APA Co. (NASDAQ:APA) Holdings Lifted by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. boosted its position in shares of APA Co. (NASDAQ:APA) by 6.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,999 shares of the company’s stock after buying an additional 2,805 shares during the quarter. Daiwa Securities Group Inc.’s holdings in APA were worth $1,108,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. TD Private Client Wealth LLC boosted its stake in APA by 84.1% during the third quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company’s stock valued at $29,000 after buying an additional 540 shares in the last quarter. Riverview Trust Co lifted its holdings in shares of APA by 5,718.2% during the fourth quarter. Riverview Trust Co now owns 1,280 shares of the company’s stock valued at $30,000 after purchasing an additional 1,258 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its holdings in shares of APA by 77.9% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company’s stock valued at $31,000 after purchasing an additional 586 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of APA by 93.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,614 shares of the company’s stock valued at $37,000 after purchasing an additional 780 shares during the last quarter. Finally, Huntington National Bank lifted its holdings in shares of APA by 48.8% during the third quarter. Huntington National Bank now owns 1,710 shares of the company’s stock valued at $42,000 after purchasing an additional 561 shares during the last quarter. Institutional investors own 83.01% of the company’s stock.

APA Stock Up 3.0 %

APA opened at $19.61 on Friday. 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 company has a market capitalization of $7.14 billion, a PE ratio of 2.77 and a beta of 3.26. The business has a 50-day moving average of $22.29 and a 200-day moving average of $23.33. APA Co. has a fifty-two week low of $17.66 and a fifty-two week high of $36.05.

APA (NASDAQ:APA) last issued 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 company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.31 billion. APA had a net margin of 24.36% and a return on equity of 27.86%. Equities research analysts forecast that APA Co. will post 4.03 EPS for the current fiscal year.

APA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Tuesday, April 22nd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.10%. The ex-dividend date is Tuesday, April 22nd. APA’s dividend payout ratio is 44.25%.

Analyst Ratings Changes

Several brokerages have recently commented on APA. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $32.00 target price on shares of APA in a report on Thursday, January 23rd. Citigroup reduced their target price on APA from $29.00 to $24.00 and set a “neutral” rating for the company in a report on Tuesday, November 26th. UBS Group reduced their price objective on APA from $28.00 to $27.00 and set a “neutral” rating for the company in a research note on Monday, December 9th. Piper Sandler reduced their price objective on APA from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, December 17th. Finally, The Goldman Sachs Group reduced their price objective on APA from $25.00 to $22.00 and set a “sell” rating for the company in a research note on Friday, January 3rd. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $28.90.

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.