Duality Advisers LP Grows Stock Holdings in APA Co. (NASDAQ:APA)

Duality Advisers LP raised its position in shares of APA Co. (NASDAQ:APA) by 35.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,098 shares of the company’s stock after acquiring an additional 10,663 shares during the period. Duality Advisers LP’s holdings in APA were worth $1,475,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in APA. Vanguard Group Inc. lifted its holdings in shares of APA by 5.0% in the 3rd quarter. Vanguard Group Inc. now owns 41,719,129 shares of the company’s stock worth $1,714,656,000 after buying an additional 2,003,862 shares during the period. Smead Capital Management Inc. raised its holdings in shares of APA by 13.6% in the 4th quarter. Smead Capital Management Inc. now owns 5,235,957 shares of the company’s stock valued at $187,866,000 after purchasing an additional 626,460 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of APA by 1.9% in the 3rd quarter. Clearbridge Investments LLC now owns 2,815,109 shares of the company’s stock worth $115,701,000 after purchasing an additional 53,241 shares during the period. Charles Schwab Investment Management Inc. raised its stake in APA by 1.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,531,313 shares of the company’s stock worth $104,037,000 after buying an additional 24,182 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in APA by 130.0% in the third quarter. Ameriprise Financial Inc. now owns 1,534,209 shares of the company’s stock worth $63,037,000 after buying an additional 867,257 shares in the last quarter. 83.01% of the stock is owned by hedge funds and other institutional investors.

APA Stock Down 1.3 %

Shares of APA opened at $32.06 on Wednesday. The company has a market capitalization of $9.65 billion, a price-to-earnings ratio of 3.45 and a beta of 3.27. APA Co. has a 52 week low of $29.47 and a 52 week high of $46.15. The stock’s 50-day moving average price is $32.46 and its 200-day moving average price is $34.53. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.41.

APA (NASDAQ:APA) last released its quarterly earnings data on Thursday, February 22nd. The company reported $1.15 EPS for the quarter, missing the consensus estimate 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%. The company’s revenue for the quarter was down 12.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.48 EPS. On average, sell-side analysts predict that APA Co. will post 4.85 EPS for the current year.

APA Announces Dividend

The company 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 $0.25 dividend. The ex-dividend date of this dividend is Friday, April 19th. This represents a $1.00 dividend on an annualized basis and a yield of 3.12%. APA’s payout ratio is 10.78%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on APA. Roth Mkm boosted their price target on APA from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Susquehanna increased their target price on shares of APA from $50.00 to $54.00 and gave the company a “positive” rating in a research report on Monday. Piper Sandler lifted their price target on shares of APA from $33.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, April 19th. Morgan Stanley reiterated an “underweight” rating and set a $28.00 price objective on shares of APA in a report on Monday, April 15th. Finally, StockNews.com raised APA from a “hold” rating to a “buy” rating in a research report on Tuesday. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $42.10.

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.