Gallacher Capital Management LLC Has $504,000 Stock Holdings in APA Co. (NASDAQ:APA)

Gallacher Capital Management LLC raised its stake in shares of APA Co. (NASDAQ:APA) by 6.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,822 shares of the company’s stock after buying an additional 1,226 shares during the period. Gallacher Capital Management LLC’s holdings in APA were worth $504,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. TD Private Client Wealth LLC grew its stake in shares of APA by 84.1% in the 3rd 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 grew its position in APA by 5,718.2% in the fourth quarter. Riverview Trust Co now owns 1,280 shares of the company’s stock worth $30,000 after acquiring an additional 1,258 shares in the last quarter. Wilmington Savings Fund Society FSB grew its position in APA by 77.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company’s stock worth $31,000 after acquiring an additional 586 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of APA by 93.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,614 shares of the company’s stock worth $37,000 after purchasing an additional 780 shares during the last quarter. Finally, Huntington National Bank raised its holdings in shares of APA by 48.8% during the 3rd quarter. Huntington National Bank now owns 1,710 shares of the company’s stock valued at $42,000 after purchasing an additional 561 shares in the last quarter. 83.01% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Citigroup lowered their target price on shares of APA from $29.00 to $24.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 26th. Wells Fargo & Company lowered APA from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $42.00 to $25.00 in a report on Tuesday, December 17th. UBS Group lowered their price target on APA from $28.00 to $27.00 and set a “neutral” rating on the stock in a report on Monday, December 9th. Susquehanna lowered their price target on APA from $33.00 to $31.00 and set a “positive” rating on the stock in a report on Monday, March 3rd. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $32.00 target price on shares of APA in a research note on Thursday, January 23rd. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, APA currently has an average rating of “Hold” and an average price target of $28.90.

APA Price Performance

Shares of APA stock opened at $19.61 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.24 and a current ratio of 1.24. The firm’s 50-day simple moving average is $22.29 and its 200-day simple moving average is $23.33. APA Co. has a twelve month low of $17.66 and a twelve month high of $36.05. The firm has a market cap of $7.14 billion, a P/E ratio of 2.77 and a beta of 3.26.

APA (NASDAQ:APA) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.79 earnings per share 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%. As a group, research analysts expect that APA Co. 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 Thursday, May 22nd. Stockholders of record on Tuesday, April 22nd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $1.00 annualized dividend and a dividend yield of 5.10%. APA’s dividend payout ratio is presently 44.25%.

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.