Healthcare of Ontario Pension Plan Trust Fund Has $4.02 Million Stake in APA Co. (NASDAQ:APA)

Healthcare of Ontario Pension Plan Trust Fund lowered its stake in APA Co. (NASDAQ:APA) by 6.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 117,000 shares of the company’s stock after selling 8,072 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in APA were worth $4,022,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of APA by 4.7% in the 1st quarter. Vanguard Group Inc. now owns 44,648,084 shares of the company’s stock valued at $1,535,001,000 after purchasing an additional 2,004,555 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in APA by 28.9% in the fourth quarter. Daiwa Securities Group Inc. now owns 33,246 shares of the company’s stock valued at $1,193,000 after purchasing an additional 7,461 shares during the last quarter. Summa Corp. acquired a new position in APA in the fourth quarter valued at about $7,571,000. Wealthquest Corp boosted its stake in APA by 21.7% during the 4th quarter. Wealthquest Corp now owns 154,200 shares of the company’s stock worth $5,533,000 after acquiring an additional 27,513 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of APA by 23.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,841,956 shares of the company’s stock worth $66,093,000 after purchasing an additional 345,192 shares in the last quarter. Institutional investors own 83.01% of the company’s stock.

APA Trading Up 3.3 %

NASDAQ APA opened at $31.28 on Friday. The firm has a market capitalization of $11.61 billion, a PE ratio of 3.50, a price-to-earnings-growth ratio of 0.39 and a beta of 3.26. The business’s 50-day moving average price is $29.64 and its two-hundred day moving average price is $31.07. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.42. APA Co. has a 12 month low of $27.17 and a 12 month high of $46.15.

APA (NASDAQ:APA) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.12). The company had revenue of $1.95 billion during 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 business’s revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.19 EPS. On average, analysts expect that APA Co. will post 4.17 EPS for the current year.

APA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 22nd. Investors of record on Monday, July 22nd will be given a $0.25 dividend. The ex-dividend date is Monday, July 22nd. This represents a $1.00 annualized dividend and a yield of 3.20%. APA’s payout ratio is 11.19%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on APA. StockNews.com cut APA from a “buy” rating to a “hold” rating in a research note on Friday, May 10th. Truist Financial reduced their target price on shares of APA from $52.00 to $45.00 and set a “buy” rating for the company in a research note on Monday. Wolfe Research started coverage on APA in a research report on Thursday, July 18th. They set an “outperform” rating and a $42.00 price objective for the company. JPMorgan Chase & Co. boosted their target price on APA from $38.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Finally, Roth Mkm lifted their price objective on shares of APA from $37.00 to $39.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, APA has a consensus rating of “Hold” and a consensus target price of $38.86.

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.