Mutual of America Capital Management LLC Cuts Holdings in APA Co. (NASDAQ:APA)

Mutual of America Capital Management LLC decreased its holdings in shares of APA Co. (NASDAQ:APA) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,311 shares of the company’s stock after selling 1,231 shares during the period. Mutual of America Capital Management LLC’s holdings in APA were worth $1,023,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Hotchkis & Wiley Capital Management LLC boosted its position in shares of APA by 12.6% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 30,471,834 shares of the company’s stock valued at $745,341,000 after acquiring an additional 3,411,270 shares during the last quarter. Harris Associates L P lifted its holdings in shares of APA by 20.8% in the 3rd quarter. Harris Associates L P now owns 24,914,700 shares of the company’s stock valued at $609,414,000 after acquiring an additional 4,293,932 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of APA by 4.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,991,513 shares of the company’s stock valued at $293,312,000 after purchasing an additional 485,291 shares during the last quarter. Smead Capital Management Inc. raised its stake in shares of APA by 3.5% in the third quarter. Smead Capital Management Inc. now owns 9,667,452 shares of the company’s stock valued at $236,466,000 after acquiring an additional 326,042 shares during the period. Finally, Geode Capital Management LLC lifted its stake in APA by 2.5% in the third quarter. Geode Capital Management LLC now owns 9,307,186 shares of the company’s stock worth $226,928,000 after purchasing an additional 224,547 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 research firms have recently commented on APA. Mizuho cut their price target on shares of APA from $25.00 to $24.00 and set an “underperform” rating on the stock in a report on Monday, December 16th. Raymond James lifted their price target on APA from $44.00 to $45.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. cut their target price on APA from $29.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 13th. The Goldman Sachs Group decreased their price target on shares of APA from $25.00 to $22.00 and set a “sell” rating for the company in a research report on Friday, January 3rd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $32.00 price objective on shares of APA in a research report on Thursday, January 23rd. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four 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 $29.80.

APA Stock Up 0.5 %

APA stock opened at $18.84 on Monday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.24 and a quick ratio of 1.24. The firm’s fifty day simple moving average is $22.67 and its 200-day simple moving average is $23.62. APA Co. has a 12 month low of $17.66 and a 12 month high of $36.04. The company has a market capitalization of $6.86 billion, a P/E ratio of 2.66 and a beta of 3.26.

APA (NASDAQ:APA) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.18). The company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.31 billion. APA had a return on equity of 27.86% and a net margin of 24.36%. As a group, equities research analysts forecast that APA Co. will post 4.03 earnings per share for the current year.

APA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Tuesday, April 22nd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 5.31%. The ex-dividend date is Tuesday, April 22nd. APA’s dividend payout ratio is currently 44.25%.

Insider Buying and Selling at APA

In other news, Director Juliet S. Ellis acquired 4,391 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was acquired at an average price of $22.78 per share, for a total transaction of $100,026.98. Following the completion of the transaction, the director now owns 12,436 shares in the company, valued at approximately $283,292.08. The trade was a 54.58 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is currently owned by corporate insiders.

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.