Interval Partners LP Has $2.06 Million Holdings in APA Co. (NASDAQ:APA)

Interval Partners LP lessened its holdings in APA Co. (NASDAQ:APA) by 47.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 89,080 shares of the company’s stock after selling 80,895 shares during the period. Interval Partners LP’s holdings in APA were worth $2,057,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in APA. Dimensional Fund Advisors LP increased its position in APA by 33.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,186,244 shares of the company’s stock worth $142,823,000 after buying an additional 1,540,055 shares during the period. Freestone Grove Partners LP bought a new position in shares of APA in the fourth quarter worth $30,767,000. Bank of New York Mellon Corp increased its position in shares of APA by 29.4% in the fourth quarter. Bank of New York Mellon Corp now owns 4,092,666 shares of the company’s stock worth $94,500,000 after purchasing an additional 929,770 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of APA by 7.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 12,886,087 shares of the company’s stock worth $297,540,000 after purchasing an additional 894,574 shares during the period. Finally, Invesco Ltd. increased its position in shares of APA by 6.9% in the fourth quarter. Invesco Ltd. now owns 13,230,751 shares of the company’s stock worth $305,498,000 after purchasing an additional 850,052 shares during the period. Institutional investors own 83.01% of the company’s stock.

APA Trading Up 3.3%

APA opened at $16.72 on Monday. The stock has a market cap of $6.05 billion, a PE ratio of 2.36 and a beta of 1.18. 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 business has a 50 day moving average of $17.60 and a 200-day moving average of $20.90. APA Co. has a 52 week low of $13.58 and a 52 week high of $33.41.

APA (NASDAQ:APA) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.23. The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.17 billion. APA had a return on equity of 27.86% and a net margin of 24.36%. The firm’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same quarter last year, the company earned $0.78 EPS. Equities research analysts predict that APA Co. will post 4.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Barclays decreased their price target on APA from $25.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 23rd. Piper Sandler reduced their price objective on APA from $23.00 to $22.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 22nd. Citigroup reduced their price objective on APA from $20.00 to $15.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 16th. JPMorgan Chase & Co. reduced their price objective on APA from $23.00 to $20.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Finally, Royal Bank of Canada reduced their price objective on APA from $27.00 to $24.00 and set a “sector perform” rating on the stock in a research note on Friday, April 11th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $25.79.

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.