Runnymede Capital Advisors Inc. Makes New $35,000 Investment in APA Co. (NASDAQ:APA)

Runnymede Capital Advisors Inc. bought a new position in shares of APA Co. (NASDAQ:APA) during the fourth quarter, HoldingsChannel reports. The firm bought 1,500 shares of the company’s stock, valued at approximately $35,000.

A number of other large investors also recently bought and sold shares of the company. Washington Trust Bank lifted its holdings in APA by 34.4% during the 4th quarter. Washington Trust Bank now owns 11,449 shares of the company’s stock worth $264,000 after buying an additional 2,931 shares during the last quarter. Semanteon Capital Management LP bought a new stake in shares of APA in the 4th quarter worth approximately $450,000. HUB Investment Partners LLC lifted its holdings in shares of APA by 10.1% in the 4th quarter. HUB Investment Partners LLC now owns 12,842 shares of the company’s stock worth $297,000 after purchasing an additional 1,183 shares during the last quarter. iA Global Asset Management Inc. lifted its holdings in shares of APA by 187.9% in the 4th quarter. iA Global Asset Management Inc. now owns 30,949 shares of the company’s stock worth $715,000 after purchasing an additional 20,199 shares during the last quarter. Finally, Royal London Asset Management Ltd. lifted its holdings in shares of APA by 53.2% in the 4th quarter. Royal London Asset Management Ltd. now owns 102,794 shares of the company’s stock worth $2,374,000 after purchasing an additional 35,716 shares during the last quarter. Institutional investors own 83.01% of the company’s stock.

APA Stock Up 0.2 %

Shares of APA stock opened at $20.61 on Friday. APA Co. has a 1 year low of $17.66 and a 1 year high of $36.05. The stock has a market cap of $7.50 billion, a PE ratio of 2.91 and a beta of 3.26. The business’s fifty day moving average is $21.97 and its 200-day moving average is $23.06. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.24 and a current ratio of 1.24.

APA (NASDAQ:APA) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.18). The firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.31 billion. APA had a net margin of 24.36% and a return on equity of 27.86%. Equities analysts expect that APA Co. will post 4.03 earnings per share for the current fiscal year.

APA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Tuesday, April 22nd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.85%. The ex-dividend date is Tuesday, April 22nd. APA’s payout ratio is 44.25%.

Analysts Set New Price Targets

Several analysts recently issued reports on APA shares. Barclays cut their price target on APA from $27.00 to $25.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 18th. Citigroup cut their price target on APA from $24.00 to $20.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. Piper Sandler cut their price target on APA from $26.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, December 17th. Susquehanna cut their target price on APA from $33.00 to $31.00 and set a “positive” rating on the stock in a research note on Monday, March 3rd. Finally, Wells Fargo & Company downgraded APA from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $42.00 to $25.00 in a research note on Tuesday, December 17th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, APA currently has a consensus rating of “Hold” and an average price target of $28.60.

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.