APA Co. (NASDAQ:APA) Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC lowered its position in shares of APA Co. (NASDAQ:APA) by 57.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,290 shares of the company’s stock after selling 3,116 shares during the quarter. Farther Finance Advisors LLC’s holdings in APA were worth $53,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Van ECK Associates Corp boosted its position in APA by 0.6% during the fourth quarter. Van ECK Associates Corp now owns 77,110 shares of the company’s stock worth $1,780,000 after acquiring an additional 469 shares during the last quarter. TD Private Client Wealth LLC boosted its position in APA by 84.1% during the third quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company’s stock worth $29,000 after acquiring an additional 540 shares during the last quarter. Asset Management One Co. Ltd. boosted its position in APA by 0.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 138,991 shares of the company’s stock worth $3,070,000 after acquiring an additional 544 shares during the last quarter. Segment Wealth Management LLC boosted its position in APA by 1.1% during the fourth quarter. Segment Wealth Management LLC now owns 54,938 shares of the company’s stock worth $1,269,000 after acquiring an additional 571 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its position in APA by 77.9% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company’s stock worth $31,000 after acquiring an additional 586 shares during the last quarter. Institutional investors and hedge funds own 83.01% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on APA shares. Barclays cut their price target on shares of APA from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 18th. Wells Fargo & Company downgraded shares of APA from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $42.00 to $25.00 in a research note on Tuesday, December 17th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $32.00 price target on shares of APA in a research note on Thursday, January 23rd. JPMorgan Chase & Co. cut their price target on shares of APA from $23.00 to $20.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Finally, Citigroup cut their price target on shares of APA from $24.00 to $20.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $28.60.

APA Price Performance

APA opened at $20.61 on Monday. The company has a fifty day simple moving average of $21.97 and a 200 day simple moving average of $23.04. The firm has a market cap of $7.50 billion, a price-to-earnings ratio of 2.91 and a beta of 3.26. APA Co. has a twelve month low of $17.66 and a twelve month high of $36.05. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03.

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 firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.31 billion. APA had a net margin of 24.36% and a return on equity of 27.86%. Equities research analysts expect that APA Co. will post 4.03 EPS for the current fiscal year.

APA Announces Dividend

The company also recently declared 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. This represents a $1.00 dividend on an annualized basis and a yield of 4.85%. The ex-dividend date of this dividend is Tuesday, April 22nd. APA’s payout ratio is 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.