62,458 Shares in APA Co. (NASDAQ:APA) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new stake in APA Co. (NASDAQ:APA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 62,458 shares of the company’s stock, valued at approximately $1,442,000.

A number of other institutional investors and hedge funds have also made changes to their positions in APA. TD Private Client Wealth LLC grew its stake in APA by 84.1% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company’s stock valued at $29,000 after acquiring an additional 540 shares during the period. Riverview Trust Co lifted its holdings in APA by 5,718.2% during the fourth quarter. Riverview Trust Co now owns 1,280 shares of the company’s stock valued at $30,000 after purchasing an additional 1,258 shares in the last quarter. Wilmington Savings Fund Society FSB grew its position in shares of APA by 77.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company’s stock valued at $31,000 after purchasing an additional 586 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in shares of APA by 93.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,614 shares of the company’s stock worth $37,000 after purchasing an additional 780 shares in the last quarter. Finally, Rothschild Investment LLC raised its position in shares of APA by 86.8% during the 4th quarter. Rothschild Investment LLC now owns 2,087 shares of the company’s stock worth $48,000 after purchasing an additional 970 shares during the last quarter. 83.01% of the stock is currently owned by hedge funds and other institutional investors.

APA Trading Down 1.2 %

Shares of APA stock opened at $20.57 on Friday. APA Co. has a fifty-two week low of $17.66 and a fifty-two week high of $36.05. 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 capitalization of $7.49 billion, a price-to-earnings ratio of 2.91 and a beta of 3.26. The stock has a 50 day moving average of $22.03 and a 200 day moving average of $23.14.

APA (NASDAQ:APA) last released 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). The business had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.31 billion. APA had a return on equity of 27.86% and a net margin of 24.36%. As a group, research analysts predict that APA Co. will post 4.03 earnings per share for the current year.

APA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Tuesday, April 22nd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.86%. The ex-dividend date of this dividend is Tuesday, April 22nd. APA’s dividend payout ratio (DPR) is 44.25%.

Wall Street Analysts Forecast Growth

APA has been the topic of several research analyst reports. Piper Sandler lowered their price objective on APA from $26.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, December 17th. Raymond James lowered APA from a “strong-buy” rating to an “outperform” rating and lowered their price target for the stock from $45.00 to $32.00 in a research note on Monday, March 10th. Citigroup reduced their price objective on APA from $24.00 to $20.00 and set a “neutral” rating for the company in a research note on Monday. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $32.00 target price on shares of APA in a research note on Thursday, January 23rd. Finally, Susquehanna dropped their target price on shares of APA from $33.00 to $31.00 and set a “positive” rating for the company in a report on Monday, March 3rd. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $28.60.

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.