Sequoia Financial Advisors LLC Has $471,000 Position in APA Co. (NASDAQ:APA)

Sequoia Financial Advisors LLC raised its stake in shares of APA Co. (NASDAQ:APA) by 27.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,418 shares of the company’s stock after purchasing an additional 4,399 shares during the period. Sequoia Financial Advisors LLC’s holdings in APA were worth $471,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Lane Generational LLC raised its holdings in APA by 49.0% in the 4th quarter. Lane Generational LLC now owns 111,158 shares of the company’s stock worth $2,567,000 after acquiring an additional 36,577 shares during the period. AGF Management Ltd. bought a new position in shares of APA in the fourth quarter worth about $2,653,000. Marathon Trading Investment Management LLC acquired a new position in shares of APA during the 4th quarter worth about $1,284,000. Investors Research Corp lifted its position in shares of APA by 1,532.4% during the 4th quarter. Investors Research Corp now owns 36,436 shares of the company’s stock worth $841,000 after purchasing an additional 34,204 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in APA by 6.2% in the 4th quarter. Daiwa Securities Group Inc. now owns 47,999 shares of the company’s stock valued at $1,108,000 after buying an additional 2,805 shares during the last quarter. Institutional investors own 83.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on APA shares. Piper Sandler cut their price target on APA from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, December 17th. JPMorgan Chase & Co. decreased their price target on shares of APA from $23.00 to $20.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. Susquehanna cut their price objective on shares of APA from $33.00 to $31.00 and set a “positive” rating for the company in a research report on Monday, March 3rd. Royal Bank of Canada reissued a “sector perform” rating and set a $32.00 target price on shares of APA in a research report on Thursday, January 23rd. Finally, UBS Group cut their price target on APA from $28.00 to $27.00 and set a “neutral” rating for the company in a report on Monday, December 9th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, APA has a consensus rating of “Hold” and a consensus price target of $28.60.

APA Trading Up 0.7 %

Shares of APA stock opened at $20.17 on Wednesday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $7.34 billion, a P/E ratio of 2.85 and a beta of 3.26. APA Co. has a 12-month low of $17.66 and a 12-month high of $36.05. The firm has a 50-day moving average price of $22.15 and a 200 day moving average price of $23.17.

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

APA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Tuesday, April 22nd will be paid a $0.25 dividend. The ex-dividend date is Tuesday, April 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.96%. APA’s dividend payout ratio (DPR) is presently 44.25%.

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.