11,084 Shares in APA Co. (NASDAQ:APA) Bought by Boston Private Wealth LLC

Boston Private Wealth LLC purchased a new position in shares of APA Co. (NASDAQ:APA) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,084 shares of the company’s stock, valued at approximately $237,000.

A number of other institutional investors also recently made changes to their positions in the stock. Crossmark Global Holdings Inc. boosted its position in APA by 2.3% in the third quarter. Crossmark Global Holdings Inc. now owns 17,855 shares of the company’s stock worth $383,000 after purchasing an additional 395 shares during the last quarter. Fisher Asset Management LLC boosted its position in APA by 1.4% in the third quarter. Fisher Asset Management LLC now owns 32,526 shares of the company’s stock worth $697,000 after purchasing an additional 435 shares during the last quarter. CAMG Solamere Management LLC boosted its position in APA by 1.2% in the second quarter. CAMG Solamere Management LLC now owns 55,670 shares of the company’s stock worth $1,204,000 after purchasing an additional 661 shares during the last quarter. ING Groep NV boosted its position in APA by 2.2% in the third quarter. ING Groep NV now owns 31,737 shares of the company’s stock worth $680,000 after purchasing an additional 694 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in APA by 35.4% in the third quarter. Daiwa Securities Group Inc. now owns 2,961 shares of the company’s stock worth $63,000 after purchasing an additional 774 shares during the last quarter. Institutional investors and hedge funds own 86.34% of the company’s stock.

A number of research analysts have recently commented on APA shares. Raymond James reaffirmed a “strong-buy” rating and set a $45.00 price target on shares of APA in a research report on Monday, January 3rd. KeyCorp upped their price target on APA from $33.00 to $37.00 and gave the company an “overweight” rating in a research report on Wednesday. Truist upped their price target on APA from $45.00 to $53.00 and gave the company a “buy” rating in a research report on Friday. TheStreet raised APA from a “d+” rating to a “c-” rating in a research report on Tuesday, October 19th. Finally, Piper Sandler upped their target price on APA from $21.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, October 21st. Eight equities 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 stock. Based on data from MarketBeat.com, APA has an average rating of “Buy” and an average price target of $34.55.

Shares of APA stock opened at $33.29 on Friday. The company has a 50-day simple moving average of $27.66 and a two-hundred day simple moving average of $23.37. The stock has a market capitalization of $12.09 billion, a PE ratio of 22.19, a price-to-earnings-growth ratio of 0.30 and a beta of 4.73. APA Co. has a 52-week low of $14.03 and a 52-week high of $33.37. The company has a debt-to-equity ratio of 110.79, a quick ratio of 1.19 and a current ratio of 1.19.

APA (NASDAQ:APA) last released its quarterly earnings data on Wednesday, November 3rd. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.09. APA had a negative return on equity of 393.47% and a net margin of 8.91%. The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same period in the prior year, the firm posted ($0.16) EPS. As a group, equities research analysts forecast that APA Co. will post 4.09 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 22nd. Stockholders of record on Friday, January 21st will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Thursday, January 20th. This is an increase from APA’s previous quarterly dividend of $0.06. APA’s dividend payout ratio (DPR) is presently 16.67%.

APA Profile

APA Corp. explores for oil and natural gas through its subsidiaries. It produces oil and gas with operations in the the United States, Egypt and the United Kingdom and exploration activities offshore Suriname. The company was founded in 1954 and is headquartered in Houston, TX.

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Institutional Ownership by Quarter for APA (NASDAQ:APA)

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