Occudo Quantitative Strategies LP Has $561,000 Holdings in APA Co. (NASDAQ:APA)

Occudo Quantitative Strategies LP boosted its stake in shares of APA Co. (NASDAQ:APA) by 176.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,277 shares of the company’s stock after buying an additional 15,496 shares during the period. Occudo Quantitative Strategies LP’s holdings in APA were worth $561,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brown Brothers Harriman & Co. raised its holdings in APA by 1,087.9% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,176 shares of the company’s stock worth $27,000 after buying an additional 1,077 shares during the period. Riverview Trust Co grew its stake in APA by 5,718.2% during the 4th quarter. Riverview Trust Co now owns 1,280 shares of the company’s stock valued at $30,000 after acquiring an additional 1,258 shares in the last quarter. Wilmington Savings Fund Society FSB grew its stake in APA by 77.9% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company’s stock valued at $31,000 after acquiring an additional 586 shares in the last quarter. Runnymede Capital Advisors Inc. purchased a new position in APA during the 4th quarter valued at about $35,000. Finally, MassMutual Private Wealth & Trust FSB grew its stake in APA by 93.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,614 shares of the company’s stock valued at $37,000 after acquiring an additional 780 shares in the last quarter. Institutional investors and hedge funds own 83.01% of the company’s stock.

APA Stock Down 1.6%

APA opened at $18.17 on Thursday. The business has a 50 day moving average price of $17.57 and a 200 day moving average price of $20.81. APA Co. has a twelve month low of $13.58 and a twelve month high of $33.41. 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 cap of $6.57 billion, a P/E ratio of 2.57 and a beta of 1.18.

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

Wall Street Analyst Weigh In

APA has been the topic of several research analyst reports. Piper Sandler lowered their target price on APA from $22.00 to $19.00 and set a “neutral” rating on the stock in a research note on Tuesday. Citigroup lowered their target price on APA from $20.00 to $15.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 16th. Royal Bank of Canada lowered their target price 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. Scotiabank lowered their target price on APA from $26.00 to $14.00 and set a “sector perform” rating on the stock in a research note on Friday, April 11th. Finally, The Goldman Sachs Group reissued a “sell” rating and issued a $23.00 price target on shares of APA in a research note on Wednesday, March 19th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $25.37.

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.