APA Co. (NASDAQ:APA) Shares Sold by Headlands Technologies LLC

Headlands Technologies LLC lessened its position in shares of APA Co. (NASDAQ:APA) by 6.0% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 9,040 shares of the company’s stock after selling 577 shares during the period. Headlands Technologies LLC’s holdings in APA were worth $266,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in APA. Daiwa Securities Group Inc. increased its stake in shares of APA by 33.1% in the 2nd quarter. Daiwa Securities Group Inc. now owns 39,809 shares of the company’s stock valued at $1,172,000 after purchasing an additional 9,898 shares in the last quarter. Royal London Asset Management Ltd. increased its position in shares of APA by 45.7% in the second quarter. Royal London Asset Management Ltd. now owns 67,871 shares of the company’s stock valued at $1,998,000 after buying an additional 21,300 shares in the last quarter. LSV Asset Management raised its stake in shares of APA by 4.9% during the 2nd quarter. LSV Asset Management now owns 2,757,900 shares of the company’s stock worth $81,193,000 after buying an additional 129,841 shares during the period. Ellis Investment Partners LLC purchased a new position in shares of APA during the 2nd quarter valued at approximately $2,499,000. Finally, Caprock Group LLC acquired a new stake in APA in the 2nd quarter valued at $310,000. Hedge funds and other institutional investors own 83.01% of the company’s stock.

Analyst Ratings Changes

APA has been the topic of several research analyst reports. Sanford C. Bernstein dropped their target price on shares of APA from $37.00 to $30.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 17th. Royal Bank of Canada restated a “sector perform” rating and set a $41.00 price target on shares of APA in a research report on Thursday, September 5th. Evercore ISI restated an “in-line” rating and set a $39.00 price target on shares of APA in a research report on Thursday. Bank of America restated an “underperform” rating and set a $31.00 price target on shares of APA in a research report on Friday, June 14th. Finally, Citigroup reduced their price target on shares of APA from $33.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, September 9th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, APA presently has an average rating of “Hold” and a consensus price target of $37.00.

APA Stock Up 1.0 %

APA stock opened at $23.94 on Friday. The company has a market cap of $8.86 billion, a price-to-earnings ratio of 2.68 and a beta of 3.24. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.04. APA Co. has a 12 month low of $22.72 and a 12 month high of $43.58. The firm has a 50-day moving average of $28.71 and a two-hundred day moving average of $30.27.

APA (NASDAQ:APA) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.22. The business had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.28 billion. APA had a net margin of 32.66% and a return on equity of 35.95%. The business’s revenue was up 41.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.85 EPS. As a group, analysts forecast that APA Co. will post 4.34 earnings per share for the current fiscal year.

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.