Larson Financial Group LLC Has $1.97 Million Stake in APA Co. (NASDAQ:APA)

Larson Financial Group LLC lowered its position in APA Co. (NASDAQ:APA) by 6.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 54,841 shares of the company’s stock after selling 3,704 shares during the period. Larson Financial Group LLC’s holdings in APA were worth $1,968,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Lido Advisors LLC increased its stake in shares of APA by 1.2% in the 3rd quarter. Lido Advisors LLC now owns 21,901 shares of the company’s stock valued at $900,000 after acquiring an additional 266 shares in the last quarter. DNB Asset Management AS increased its stake in shares of APA by 0.6% in the 4th quarter. DNB Asset Management AS now owns 49,846 shares of the company’s stock valued at $1,788,000 after acquiring an additional 308 shares in the last quarter. HB Wealth Management LLC increased its stake in shares of APA by 5.0% in the 4th quarter. HB Wealth Management LLC now owns 6,528 shares of the company’s stock valued at $234,000 after acquiring an additional 309 shares in the last quarter. NovaPoint Capital LLC increased its stake in shares of APA by 5.8% in the 3rd quarter. NovaPoint Capital LLC now owns 6,231 shares of the company’s stock valued at $256,000 after acquiring an additional 342 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of APA by 1.5% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 25,029 shares of the company’s stock valued at $898,000 after acquiring an additional 358 shares in the last quarter. Institutional investors and hedge funds own 83.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Scotiabank restated a “sector perform” rating and set a $37.00 price target (down previously from $43.00) on shares of APA in a research note on Tuesday, January 16th. Barclays assumed coverage on shares of APA in a research note on Wednesday, April 10th. They set an “equal weight” rating and a $40.00 price target for the company. Morgan Stanley restated an “underweight” rating and set a $28.00 price target on shares of APA in a research note on Monday, April 15th. Roth Mkm boosted their price target on shares of APA from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. boosted their price target on shares of APA from $38.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Three analysts have rated the stock with a sell rating, ten have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, APA currently has a consensus rating of “Hold” and a consensus price target of $42.10.

APA Stock Performance

Shares of NASDAQ:APA traded down $0.19 during midday trading on Tuesday, reaching $32.28. The company had a trading volume of 3,025,515 shares, compared to its average volume of 6,816,238. The company’s 50 day moving average price is $32.41 and its 200 day moving average price is $34.57. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.41. The stock has a market cap of $9.72 billion, a P/E ratio of 3.50 and a beta of 3.27. APA Co. has a 52-week low of $29.47 and a 52-week high of $46.15.

APA (NASDAQ:APA) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $1.15 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.18). The company had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.07 billion. APA had a return on equity of 62.64% and a net margin of 34.95%. APA’s quarterly revenue was down 12.3% compared to the same quarter last year. During the same period last year, the firm posted $1.48 earnings per share. As a group, sell-side analysts anticipate that APA Co. will post 4.85 EPS for the current fiscal year.

APA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Monday, April 22nd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.10%. The ex-dividend date is Friday, April 19th. APA’s dividend payout ratio (DPR) is presently 10.78%.

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.