APA Co. (NASDAQ:APA) Stock Holdings Cut by Pinebridge Investments L.P.

Pinebridge Investments L.P. reduced its position in shares of APA Co. (NASDAQ:APA) by 9.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 24,207 shares of the company’s stock after selling 2,549 shares during the period. Pinebridge Investments L.P.’s holdings in APA were worth $559,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in APA. Geode Capital Management LLC lifted its position in shares of APA by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 9,507,956 shares of the company’s stock valued at $219,016,000 after acquiring an additional 200,770 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of APA by 22.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 65,071 shares of the company’s stock valued at $1,503,000 after acquiring an additional 12,077 shares during the last quarter. US Bancorp DE lifted its position in shares of APA by 2.2% during the 4th quarter. US Bancorp DE now owns 47,719 shares of the company’s stock valued at $1,102,000 after acquiring an additional 1,010 shares during the last quarter. Baader Bank Aktiengesellschaft lifted its position in shares of APA by 175.8% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 23,500 shares of the company’s stock valued at $543,000 after acquiring an additional 14,980 shares during the last quarter. Finally, PVG Asset Management Corp acquired a new stake in shares of APA during the 3rd quarter valued at $757,000. 83.01% of the stock is owned by institutional investors.

APA Price Performance

Shares of NASDAQ:APA opened at $16.55 on Tuesday. APA Co. has a 1 year low of $13.58 and a 1 year high of $33.41. The business has a fifty day simple moving average of $18.57 and a 200 day simple moving average of $21.47. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03. The firm has a market cap of $5.99 billion, a price-to-earnings ratio of 2.34 and a beta of 2.74.

APA (NASDAQ:APA) last posted its earnings results on Wednesday, February 26th. The company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.18). APA had a net margin of 24.36% and a return on equity of 27.86%. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.31 billion. As a group, sell-side analysts predict that APA Co. will post 4.03 earnings per share for the current fiscal year.

APA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Tuesday, April 22nd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $1.00 annualized dividend and a yield of 6.04%. APA’s dividend payout ratio (DPR) is currently 44.25%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on APA shares. The Goldman Sachs Group reiterated a “sell” rating and set a $23.00 price objective on shares of APA in a research report on Wednesday, March 19th. Barclays cut their price objective on APA from $25.00 to $19.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. reduced their target price on APA from $23.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Scotiabank reduced their target price on APA from $26.00 to $14.00 and set a “sector perform” rating for the company in a report on Friday, April 11th. Finally, Royal Bank of Canada reduced their target price on APA from $27.00 to $24.00 and set a “sector perform” rating for the company in a report on Friday, April 11th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $25.79.

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.