Sava Infond d.o.o. Invests $230,000 in APA Co. (NASDAQ:APA)

Sava Infond d.o.o. purchased a new stake in shares of APA Co. (NASDAQ:APA) during the 4th quarter, Holdings Channel.com reports. The fund purchased 9,950 shares of the company’s stock, valued at approximately $230,000.

Other hedge funds also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC lifted its position in shares of APA by 84.1% during the third quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company’s stock worth $29,000 after purchasing an additional 540 shares during the last quarter. Riverview Trust Co increased its stake in APA by 5,718.2% in the 4th quarter. Riverview Trust Co now owns 1,280 shares of the company’s stock worth $30,000 after buying an additional 1,258 shares during the period. Wilmington Savings Fund Society FSB boosted its position in APA by 77.9% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company’s stock valued at $31,000 after buying an additional 586 shares during the period. Runnymede Capital Advisors Inc. purchased a new stake in APA in the 4th quarter valued at about $35,000. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of APA by 93.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,614 shares of the company’s stock worth $37,000 after acquiring an additional 780 shares during the period. 83.01% of the stock is currently owned by institutional investors.

APA Price Performance

Shares of NASDAQ APA opened at $21.20 on Friday. APA Co. has a fifty-two week low of $17.66 and a fifty-two week high of $36.05. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.24 and a current ratio of 1.24. The company has a market cap of $7.72 billion, a PE ratio of 2.99 and a beta of 3.26. The business has a 50-day simple moving average of $21.65 and a two-hundred day simple moving average of $22.94.

APA (NASDAQ:APA) last released 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 return on equity of 27.86% and a net margin of 24.36%. The company had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.31 billion. As a group, equities analysts expect that APA Co. will post 4.03 EPS for the current fiscal year.

APA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Tuesday, April 22nd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.72%. The ex-dividend date of this dividend is Tuesday, April 22nd. APA’s payout ratio is 44.25%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on APA shares. JPMorgan Chase & Co. lowered their price target on APA from $23.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Barclays lowered their target price on APA from $27.00 to $25.00 and set an “equal weight” rating for the company in a report on Tuesday, March 18th. The Goldman Sachs Group restated a “sell” rating on shares of APA in a report on Wednesday, March 19th. UBS Group dropped their target price on shares of APA from $28.00 to $27.00 and set a “neutral” rating on the stock in a report on Monday, December 9th. Finally, Wells Fargo & Company reduced their price target on shares of APA from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Wednesday. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, APA presently has a consensus rating of “Hold” and an average target price of $28.20.

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.