Todd Asset Management LLC Sells 109,795 Shares of APA Co. (NASDAQ:APA)

Todd Asset Management LLC lowered its holdings in shares of APA Co. (NASDAQ:APA) by 17.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 504,686 shares of the company’s stock after selling 109,795 shares during the period. Todd Asset Management LLC’s holdings in APA were worth $18,108,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Lido Advisors LLC raised its holdings in APA by 1.2% during the 3rd quarter. Lido Advisors LLC now owns 21,901 shares of the company’s stock worth $900,000 after purchasing an additional 266 shares during the last quarter. DNB Asset Management AS boosted its position in APA by 0.6% during the fourth 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 during the last quarter. HB Wealth Management LLC grew its holdings in APA by 5.0% during the 4th quarter. HB Wealth Management LLC now owns 6,528 shares of the company’s stock worth $234,000 after acquiring an additional 309 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its position 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 worth $898,000 after acquiring an additional 358 shares in the last quarter. Finally, Quent Capital LLC boosted its position in shares of APA by 64.0% during the 4th quarter. Quent Capital LLC now owns 961 shares of the company’s stock valued at $34,000 after purchasing an additional 375 shares in the last quarter. Institutional investors and hedge funds own 83.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. boosted their price target on APA from $38.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $45.00 price target on shares of APA in a research note on Monday, April 8th. Truist Financial cut their price objective on shares of APA from $59.00 to $53.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. StockNews.com downgraded APA from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Johnson Rice lowered APA from a “buy” rating to a “hold” rating and set a $40.00 target price on the stock. in a research report on Friday, January 5th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, APA presently has an average rating of “Hold” and an average target price of $42.05.

APA Stock Performance

APA traded up $0.08 during trading on Friday, hitting $29.26. 9,600,753 shares of the company traded hands, compared to its average volume of 6,374,839. The firm has a market cap of $8.81 billion, a P/E ratio of 3.27 and a beta of 3.29. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 1.42. APA Co. has a one year low of $28.90 and a one year high of $46.15. The stock’s fifty day moving average is $32.52 and its 200 day moving average is $34.13.

APA (NASDAQ:APA) last released its earnings results on Thursday, May 2nd. The company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.12). The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.89 billion. APA had a net margin of 34.04% and a return on equity of 45.32%. The firm’s revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.19 earnings per share. As a group, equities analysts predict that APA Co. will post 5.03 EPS for the current fiscal year.

APA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Monday, April 22nd will be given a dividend of $0.25 per share. The ex-dividend date is Friday, April 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.42%. APA’s dividend payout ratio is presently 11.19%.

About APA

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.