APA Co. (NASDAQ:APA) Shares Sold by Lee Danner & Bass Inc.

Lee Danner & Bass Inc. trimmed its holdings in APA Co. (NASDAQ:APA) by 22.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,716 shares of the company’s stock after selling 14,850 shares during the quarter. Lee Danner & Bass Inc.’s holdings in APA were worth $1,217,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of APA. GSA Capital Partners LLP acquired a new position in shares of APA in the 3rd quarter valued at $281,000. Natixis Advisors LLC grew its position in APA by 15.1% in the 3rd 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. Swiss National Bank grew its position in APA by 0.4% in the 3rd quarter. Swiss National Bank now owns 1,101,492 shares of the company’s stock valued at $26,942,000 after buying an additional 4,800 shares during the last quarter. Quest Partners LLC purchased a new position in APA in the 3rd quarter valued at $344,000. Finally, Pathstone Holdings LLC grew its position in APA by 2.7% in the 3rd 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. 83.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on APA shares. Susquehanna lowered their price objective on shares of APA from $33.00 to $31.00 and set a “positive” rating on the stock in a research report on Monday, March 3rd. JPMorgan Chase & Co. lowered their price objective on shares of APA from $23.00 to $20.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. Wells Fargo & Company lowered shares of 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 research report on Tuesday, December 17th. UBS Group decreased their target price on shares of APA from $28.00 to $27.00 and set a “neutral” rating on the stock in a research report on Monday, December 9th. Finally, Piper Sandler decreased their target price on shares of APA from $26.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 17th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, APA presently has a consensus rating of “Hold” and an average price target of $28.60.

APA Price Performance

APA stock opened at $20.57 on Friday. The firm’s 50-day simple moving average is $22.03 and its 200 day simple moving average is $23.14. APA Co. has a 52 week low of $17.66 and a 52 week high of $36.05. The firm has a market capitalization of $7.49 billion, a PE ratio of 2.91 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.

APA (NASDAQ:APA) last released its earnings results on Wednesday, February 26th. The company reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.18). The firm had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.31 billion. APA had a net margin of 24.36% and a return on equity of 27.86%. On average, equities research analysts predict 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. Shareholders of record on Tuesday, April 22nd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 4.86%. APA’s dividend payout ratio (DPR) is 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.