Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $1.82 Million Stock Holdings in APA Co. (NASDAQ:APA)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its stake in APA Co. (NASDAQ:APA) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 78,662 shares of the company’s stock after selling 1,863 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in APA were worth $1,816,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. iA Global Asset Management Inc. raised its position in shares of APA by 187.9% during the fourth quarter. iA Global Asset Management Inc. now owns 30,949 shares of the company’s stock worth $715,000 after purchasing an additional 20,199 shares during the period. Royal London Asset Management Ltd. lifted its stake in shares of APA by 53.2% in the fourth quarter. Royal London Asset Management Ltd. now owns 102,794 shares of the company’s stock valued at $2,374,000 after buying an additional 35,716 shares in the last quarter. Koss Olinger Consulting LLC acquired a new position in shares of APA during the fourth quarter valued at about $270,000. Intech Investment Management LLC bought a new stake in shares of APA during the fourth quarter worth about $1,005,000. Finally, Signaturefd LLC raised its holdings in shares of APA by 55.6% in the 4th quarter. Signaturefd LLC now owns 16,229 shares of the company’s stock worth $375,000 after acquiring an additional 5,798 shares during the last quarter. Institutional investors and hedge funds own 83.01% of the company’s stock.

APA Price Performance

Shares of NASDAQ:APA opened at $20.89 on Wednesday. The firm has a market capitalization of $7.61 billion, a PE ratio of 2.95 and a beta of 3.26. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.03. The company has a 50-day moving average price of $21.82 and a two-hundred day moving average price of $22.97. APA Co. has a twelve month low of $17.66 and a twelve month high of $36.05.

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

APA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Tuesday, April 22nd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.79%. APA’s payout ratio is 44.25%.

Analyst Upgrades and Downgrades

APA has been the subject of a number of recent research reports. UBS Group lowered 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 lowered their price target on APA from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, December 17th. The Goldman Sachs Group cut their price objective on shares of APA from $25.00 to $22.00 and set a “sell” rating on the stock in a report on Friday, January 3rd. Wells Fargo & Company downgraded shares of APA from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $42.00 to $25.00 in a report on Tuesday, December 17th. Finally, Raymond James cut shares of APA from a “strong-buy” rating to an “outperform” rating and cut their price target for the stock from $45.00 to $32.00 in a report on Monday, March 10th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $28.60.

APA Company 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.