1,550 Shares in APA Co. (NASDAQ:APA) Acquired by CVA Family Office LLC

CVA Family Office LLC bought a new position in shares of APA Co. (NASDAQ:APA) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,550 shares of the company’s stock, valued at approximately $56,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. AustralianSuper Pty Ltd boosted its stake in APA by 14.3% in the 4th quarter. AustralianSuper Pty Ltd now owns 726,126 shares of the company’s stock worth $26,053,000 after purchasing an additional 90,610 shares during the period. HB Wealth Management LLC boosted its position in shares of APA by 5.0% in the fourth quarter. HB Wealth Management LLC now owns 6,528 shares of the company’s stock worth $234,000 after buying an additional 309 shares during the period. Burns Matteson Capital Management LLC purchased a new position in shares of APA during the fourth quarter valued at $581,000. Ferguson Wellman Capital Management Inc. raised its position in APA by 3.2% during the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 1,237,787 shares of the company’s stock valued at $44,412,000 after buying an additional 38,505 shares during the period. Finally, Foundation Resource Management Inc. raised its position in APA by 2.1% during the fourth quarter. Foundation Resource Management Inc. now owns 142,405 shares of the company’s stock valued at $5,109,000 after buying an additional 2,880 shares during the period. Institutional investors and hedge funds own 83.01% of the company’s stock.

APA Stock Up 2.5 %

APA stock opened at $33.71 on Thursday. APA Co. has a twelve month low of $29.47 and a twelve month high of $46.15. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.41. The company has a market cap of $10.17 billion, a PE ratio of 3.63 and a beta of 3.27. The business’s 50-day simple moving average is $31.26 and its 200 day simple moving average is $35.52.

APA (NASDAQ:APA) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $1.15 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.18). The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.07 billion. APA had a return on equity of 62.64% and a net margin of 34.95%. APA’s revenue for the quarter was down 12.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.48 EPS. On average, research analysts anticipate that APA Co. will post 4.24 earnings per share for the current year.

APA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Monday, April 22nd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date is Friday, April 19th. APA’s dividend payout ratio is 10.78%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on APA. Scotiabank reaffirmed a “sector perform” rating and set a $37.00 price objective (down from $43.00) on shares of APA in a research report on Tuesday, January 16th. StockNews.com lowered shares of APA from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Truist Financial reaffirmed a “buy” rating and issued a $59.00 price objective on shares of APA in a research note on Wednesday, March 20th. Raymond James lowered their price objective on APA from $44.00 to $43.00 and set a “strong-buy” rating on the stock in a report on Wednesday, January 24th. Finally, Mizuho reduced their target price on APA from $36.00 to $34.00 and set an “underperform” rating for the company in a report on Friday, March 15th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $43.61.

About APA

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.