Caprock Group LLC Buys Shares of 10,523 APA Co. (NASDAQ:APA)

Caprock Group LLC purchased a new position in APA Co. (NASDAQ:APA) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 10,523 shares of the company’s stock, valued at approximately $310,000.

Other hedge funds have also made changes to their positions in the company. American National Bank raised its position in APA by 208.5% during the first quarter. American National Bank now owns 725 shares of the company’s stock worth $25,000 after acquiring an additional 490 shares during the last quarter. Covestor Ltd lifted its stake in shares of APA by 75.4% during the 1st quarter. Covestor Ltd now owns 1,093 shares of the company’s stock worth $38,000 after purchasing an additional 470 shares during the period. Principal Securities Inc. acquired a new stake in shares of APA during the fourth quarter worth $39,000. Whittier Trust Co. of Nevada Inc. grew its position in shares of APA by 386.7% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,358 shares of the company’s stock valued at $40,000 after purchasing an additional 1,079 shares during the period. Finally, Rothschild Investment LLC acquired a new position in APA in the second quarter valued at $42,000. Hedge funds and other institutional investors own 83.01% of the company’s stock.

APA Trading Up 0.4 %

Shares of NASDAQ:APA opened at $23.70 on Friday. The company’s 50-day moving average price is $28.81 and its 200 day moving average price is $30.31. The company has a market cap of $8.80 billion, a PE ratio of 2.65 and a beta of 3.24. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.04. APA Co. has a fifty-two week low of $22.72 and a fifty-two week high of $44.37.

APA (NASDAQ:APA) last released its earnings results on Wednesday, July 31st. The company reported $1.17 EPS for the quarter, beating the consensus estimate of $0.95 by $0.22. The firm had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.28 billion. APA had a net margin of 32.66% and a return on equity of 35.95%. APA’s quarterly revenue was up 41.6% on a year-over-year basis. During the same quarter last year, the company earned $0.85 EPS. Sell-side analysts anticipate that APA Co. will post 4.36 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Scotiabank decreased their target price on shares of APA from $37.00 to $30.00 and set a “sector perform” rating on the stock in a research report on Friday, July 12th. Evercore ISI reissued an “in-line” rating and set a $39.00 target price on shares of APA in a research report on Thursday. Barclays reissued an “equal weight” rating and issued a $35.00 price objective on shares of APA in a research report on Wednesday. UBS Group dropped their price target on shares of APA from $38.00 to $35.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 6th. Finally, Bank of America restated an “underperform” rating and set a $31.00 price objective on shares of APA in a research note on Friday, June 14th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $37.00.

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.