Alaska Permanent Fund Corp Purchases 590 Shares of APA Co. (NASDAQ:APA)

Alaska Permanent Fund Corp raised its position in shares of APA Co. (NASDAQ:APA) by 0.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 70,390 shares of the company’s stock after purchasing an additional 590 shares during the quarter. Alaska Permanent Fund Corp’s holdings in APA were worth $2,526,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. South Dakota Investment Council increased its stake in APA by 5.2% during the 4th quarter. South Dakota Investment Council now owns 38,303 shares of the company’s stock valued at $1,374,000 after purchasing an additional 1,900 shares in the last quarter. GAMMA Investing LLC bought a new stake in APA during the 4th quarter valued at about $95,000. Illinois Municipal Retirement Fund increased its stake in APA by 30.0% during the 4th quarter. Illinois Municipal Retirement Fund now owns 176,896 shares of the company’s stock valued at $6,347,000 after purchasing an additional 40,785 shares in the last quarter. Wedge Capital Management L L P NC increased its stake in APA by 8.8% during the 4th quarter. Wedge Capital Management L L P NC now owns 360,853 shares of the company’s stock valued at $12,947,000 after purchasing an additional 29,300 shares in the last quarter. Finally, Duality Advisers LP increased its stake in APA by 35.0% during the 4th quarter. Duality Advisers LP now owns 41,098 shares of the company’s stock valued at $1,475,000 after purchasing an additional 10,663 shares in the last quarter. 83.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on APA shares. Susquehanna raised their price target on shares of APA from $50.00 to $54.00 and gave the company a “positive” rating in a report on Monday. Wells Fargo & Company started coverage on shares of APA in a report on Wednesday. They set an “overweight” rating and a $55.00 price target on the stock. Johnson Rice downgraded shares of APA from a “buy” rating to a “hold” rating and set a $40.00 price target on the stock. in a report on Friday, January 5th. Barclays started coverage on shares of APA in a report on Wednesday, April 10th. They set an “equal weight” rating and a $40.00 price target on the stock. Finally, Truist Financial dropped their price target on shares of APA from $59.00 to $53.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Three analysts have rated the stock with a sell rating, ten have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $42.25.

APA Price Performance

Shares of APA stock traded down $0.24 on Thursday, hitting $31.81. 752,085 shares of the company traded hands, compared to its average volume of 6,756,622. The stock has a market capitalization of $9.58 billion, a P/E ratio of 3.45 and a beta of 3.27. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.02 and a current ratio of 1.02. APA Co. has a 52 week low of $29.47 and a 52 week high of $46.15. The business has a 50-day simple moving average of $32.51 and a 200 day simple moving average of $34.52.

APA (NASDAQ:APA) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $1.15 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.18). APA had a return on equity of 62.64% and a net margin of 34.95%. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter in the prior year, the firm posted $1.48 EPS. The company’s revenue for the quarter was down 12.3% on a year-over-year basis. Research analysts expect that APA Co. will post 5.03 earnings per share for the current fiscal 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 given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend is Friday, April 19th. APA’s dividend payout ratio (DPR) is 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.