Cowa LLC Has $253,000 Position in APA Co. (NASDAQ:APA)

Cowa LLC boosted its holdings in shares of APA Co. (NASDAQ:APA) by 17.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,600 shares of the company’s stock after buying an additional 1,300 shares during the period. Cowa LLC’s holdings in APA were worth $253,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in APA. Dimensional Fund Advisors LP grew its holdings in APA by 131.7% during the second quarter. Dimensional Fund Advisors LP now owns 4,813,655 shares of the company’s stock worth $141,704,000 after buying an additional 2,736,041 shares in the last quarter. Harris Associates L P boosted its holdings in APA by 17.8% during the 4th quarter. Harris Associates L P now owns 15,705,693 shares of the company’s stock worth $563,520,000 after acquiring an additional 2,367,570 shares during the last quarter. Vanguard Group Inc. boosted its holdings in APA by 4.7% during the 1st quarter. Vanguard Group Inc. now owns 44,648,084 shares of the company’s stock worth $1,535,001,000 after acquiring an additional 2,004,555 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its stake in shares of APA by 10.6% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 20,299,538 shares of the company’s stock worth $728,347,000 after acquiring an additional 1,938,335 shares in the last quarter. Finally, Webs Creek Capital Management LP purchased a new stake in shares of APA in the first quarter valued at about $28,593,000. 83.01% of the stock is owned by institutional investors.

APA Price Performance

Shares of NASDAQ APA opened at $25.36 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.01 and a current ratio of 1.01. APA Co. has a fifty-two week low of $22.72 and a fifty-two week high of $43.58. The stock has a market cap of $9.41 billion, a PE ratio of 2.84 and a beta of 3.24. The stock has a fifty day moving average of $28.48 and a 200-day moving average of $30.16.

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

APA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Tuesday, October 22nd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.94%. The ex-dividend date of this dividend is Tuesday, October 22nd. APA’s dividend payout ratio is 11.19%.

Analyst Ratings Changes

Several research firms recently weighed in on APA. Wolfe Research began coverage on shares of APA in a report on Thursday, July 18th. They set an “outperform” rating and a $42.00 price target on the stock. Evercore ISI restated an “in-line” rating and issued a $39.00 target price on shares of APA in a research note on Thursday, September 12th. Mizuho decreased their price target on APA from $35.00 to $28.00 and set an “underperform” rating for the company in a research report on Monday. Sanford C. Bernstein dropped their price target on APA from $37.00 to $30.00 and set a “market perform” rating on the stock in a report on Wednesday, July 17th. Finally, Scotiabank reduced their price objective on APA from $37.00 to $30.00 and set a “sector perform” rating for the company in a research note on Friday, July 12th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $36.38.

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.