APA Co. (NASDAQ:APA) Shares Bought by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC grew its position in shares of APA Co. (NASDAQ:APA) by 115.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,714 shares of the company’s stock after purchasing an additional 3,067 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in APA were worth $132,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in APA. Principal Financial Group Inc. increased its position in shares of APA by 3.1% in the third quarter. Principal Financial Group Inc. now owns 456,922 shares of the company’s stock valued at $11,176,000 after buying an additional 13,557 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of APA in the third quarter valued at approximately $281,000. Oppenheimer & Co. Inc. lifted its position in APA by 13.6% during the third quarter. Oppenheimer & Co. Inc. now owns 75,655 shares of the company’s stock worth $1,851,000 after buying an additional 9,081 shares in the last quarter. Huntington National Bank boosted its position in shares of APA by 48.8% during the 3rd quarter. Huntington National Bank now owns 1,710 shares of the company’s stock valued at $42,000 after acquiring an additional 561 shares during the last quarter. Finally, ING Groep NV boosted its holdings in APA by 1.7% in the 3rd quarter. ING Groep NV now owns 61,382 shares of the company’s stock valued at $1,501,000 after purchasing an additional 1,021 shares during the last quarter. Hedge funds and other institutional investors own 83.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on APA shares. Raymond James downgraded APA from a “strong-buy” rating to an “outperform” rating and cut their price objective for the stock from $45.00 to $32.00 in a research report on Monday, March 10th. UBS Group reduced their target price on shares of APA from $28.00 to $27.00 and set a “neutral” rating on the stock in a report on Monday, December 9th. JPMorgan Chase & Co. decreased their price objective on APA from $23.00 to $20.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th. Citigroup dropped their price objective on shares of APA from $24.00 to $20.00 and set a “neutral” rating on the stock in a research report on Monday. Finally, Susquehanna cut their target price on APA from $33.00 to $31.00 and set a “positive” rating on the stock in a research report on Monday, March 3rd. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $28.70.

APA Trading Up 2.1 %

NASDAQ APA opened at $20.03 on Tuesday. The stock has a market capitalization of $7.29 billion, a P/E ratio of 2.83 and a beta of 3.26. The firm has a 50-day moving average price of $22.22 and a 200 day moving average price of $23.23. APA Co. has a 52-week low of $17.66 and a 52-week high of $36.05. 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 posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.18). APA had a return on equity of 27.86% and a net margin of 24.36%. The company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.31 billion. Equities research analysts expect that APA Co. will post 4.03 EPS for the current year.

APA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Tuesday, April 22nd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $1.00 annualized dividend and a yield of 4.99%. APA’s dividend payout ratio is presently 44.25%.

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.