Intech Investment Management LLC Acquires Shares of 43,542 APA Co. (NASDAQ:APA)

Intech Investment Management LLC acquired a new stake in APA Co. (NASDAQ:APA) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 43,542 shares of the company’s stock, valued at approximately $1,005,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in APA. GSA Capital Partners LLP purchased a new stake in APA in the third quarter valued at approximately $281,000. Natixis Advisors LLC lifted its stake in APA by 15.1% in the third quarter. Natixis Advisors LLC now owns 101,334 shares of the company’s stock valued at $2,478,000 after buying an additional 13,266 shares during the last quarter. Quest Partners LLC purchased a new stake in APA in the third quarter valued at approximately $344,000. Pathstone Holdings LLC lifted its stake in APA by 2.7% in the third quarter. Pathstone Holdings LLC now owns 68,074 shares of the company’s stock valued at $1,665,000 after buying an additional 1,771 shares during the last quarter. Finally, Caprock Group LLC lifted its stake in APA by 21.9% in the third quarter. Caprock Group LLC now owns 12,828 shares of the company’s stock valued at $314,000 after buying an additional 2,305 shares during the last quarter. Hedge funds and other institutional investors own 83.01% of the company’s stock.

APA Stock Up 0.2 %

APA stock opened at $20.61 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 has a market capitalization of $7.50 billion, a price-to-earnings ratio of 2.91 and a beta of 3.26. APA Co. has a fifty-two week low of $17.66 and a fifty-two week high of $36.05. The stock’s fifty day moving average is $21.97 and its two-hundred day moving average is $23.06.

APA (NASDAQ:APA) last posted its earnings results on Wednesday, February 26th. The company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.18). The firm had revenue of $2.50 billion during 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%. Analysts predict 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. Stockholders of record on Tuesday, April 22nd will be given 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 4.85%. APA’s dividend payout ratio is currently 44.25%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on APA shares. Citigroup dropped their target price on APA from $24.00 to $20.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. Mizuho dropped their target price on APA from $25.00 to $24.00 and set an “underperform” rating on the stock in a report on Monday, December 16th. Susquehanna dropped their target price on APA from $33.00 to $31.00 and set a “positive” rating on the stock in a report on Monday, March 3rd. Piper Sandler dropped their target price on APA from $26.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, December 17th. Finally, The Goldman Sachs Group dropped their target price on APA from $25.00 to $22.00 and set a “sell” rating on the stock in a report on Friday, January 3rd. Four equities 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 stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $28.60.

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.