Linscomb & Williams Inc. Has $889,000 Stock Holdings in APA Co. (NASDAQ:APA)

Linscomb & Williams Inc. cut its stake in shares of APA Co. (NASDAQ:APA) by 20.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 49,678 shares of the company’s stock after selling 13,024 shares during the period. Linscomb & Williams Inc.’s holdings in APA were worth $889,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cigna Investments Inc. New lifted its position in shares of APA by 3.7% in the first quarter. Cigna Investments Inc. New now owns 13,496 shares of the company’s stock valued at $242,000 after buying an additional 480 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in shares of APA by 57.2% in the first quarter. Daiwa Securities Group Inc. now owns 2,187 shares of the company’s stock valued at $39,000 after buying an additional 796 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of APA by 8.1% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 10,826 shares of the company’s stock valued at $194,000 after buying an additional 812 shares during the last quarter. Xponance Inc. lifted its position in shares of APA by 5.9% in the fourth quarter. Xponance Inc. now owns 15,965 shares of the company’s stock valued at $227,000 after buying an additional 889 shares during the last quarter. Finally, Woodstock Corp lifted its position in shares of APA by 0.5% in the first quarter. Woodstock Corp now owns 191,074 shares of the company’s stock valued at $3,420,000 after buying an additional 955 shares during the last quarter. 83.11% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently weighed in on APA. KeyCorp increased their target price on APA from $25.00 to $26.00 and gave the stock an “overweight” rating in a research note on Thursday, June 3rd. Morgan Stanley increased their target price on APA from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 19th. Barclays lowered APA from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $20.00 to $25.00 in a research note on Thursday, June 3rd. Susquehanna upgraded APA from a “neutral” rating to a “positive” rating in a research note on Monday, April 19th. Finally, Johnson Rice upgraded APA from an “accumulate” rating to a “buy” rating and raised their price objective for the stock from $30.00 to $38.00 in a research note on Tuesday. Twelve research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $20.89.

In related news, CFO Stephen J. Riney sold 35,000 shares of the firm’s stock in a transaction on Thursday, March 18th. The stock was sold at an average price of $19.38, for a total transaction of $678,300.00. Following the sale, the chief financial officer now owns 106,268 shares of the company’s stock, valued at approximately $2,059,473.84. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.88% of the company’s stock.

Shares of APA stock opened at $22.68 on Friday. The firm has a fifty day simple moving average of $20.17. The firm has a market cap of $8.57 billion, a P/E ratio of -377.94, a PEG ratio of 0.31 and a beta of 4.93. APA Co. has a fifty-two week low of $7.45 and a fifty-two week high of $24.30.

APA (NASDAQ:APA) last released its quarterly earnings data on Tuesday, May 4th. The company reported $0.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.17. APA had a negative return on equity of 48.58% and a negative net margin of 0.06%. Equities analysts expect that APA Co. will post 2.22 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 23rd. Investors of record on Thursday, July 22nd will be issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend is Wednesday, July 21st. APA’s dividend payout ratio (DPR) is -9.26%.

About APA

APA Corporation, through its subsidiaries, explores for and produces oil and gas properties. It has operations in the United States, Egypt, and the United Kingdom, as well as has exploration activities offshore Suriname. It also operates gathering, processing, and transmission assets in West Texas, as well as holds ownership in four Permian-to-Gulf Coast pipelines.

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Institutional Ownership by Quarter for APA (NASDAQ:APA)

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