Gallacher Capital Management LLC Has $504,000 Stock Position in APA Co. (NASDAQ:APA)

Gallacher Capital Management LLC lifted its stake in shares of APA Co. (NASDAQ:APA) by 6.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 21,822 shares of the company’s stock after buying an additional 1,226 shares during the period. Gallacher Capital Management LLC’s holdings in APA were worth $504,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. TD Private Client Wealth LLC lifted its holdings in APA by 84.1% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company’s stock worth $29,000 after buying an additional 540 shares in the last quarter. Riverview Trust Co lifted its position in APA by 5,718.2% during the 4th quarter. Riverview Trust Co now owns 1,280 shares of the company’s stock valued at $30,000 after purchasing an additional 1,258 shares during the period. Wilmington Savings Fund Society FSB boosted its stake in shares of 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 purchasing an additional 586 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of APA by 93.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,614 shares of the company’s stock worth $37,000 after buying an additional 780 shares during the period. Finally, Huntington National Bank raised its stake in shares of APA by 48.8% during the third quarter. Huntington National Bank now owns 1,710 shares of the company’s stock worth $42,000 after buying an additional 561 shares during the last quarter. Institutional investors and hedge funds own 83.01% of the company’s stock.

APA Stock Performance

Shares of APA stock opened at $19.61 on Friday. The firm has a market cap of $7.14 billion, a price-to-earnings ratio of 2.77 and a beta of 3.26. The stock’s 50-day moving average is $22.29 and its 200-day moving average is $23.33. APA Co. has a one year low of $17.66 and a one year high of $36.05. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.24 and a quick ratio of 1.24.

APA (NASDAQ:APA) last released 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 firm had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.31 billion. APA had a net margin of 24.36% and a return on equity of 27.86%. Equities analysts predict that APA Co. will post 4.03 earnings per share for the current fiscal year.

APA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Tuesday, April 22nd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.10%. The ex-dividend date of this dividend is Tuesday, April 22nd. APA’s dividend payout ratio is presently 44.25%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on APA shares. Citigroup lowered their target price on shares of APA from $29.00 to $24.00 and set a “neutral” rating for the company in a report on Tuesday, November 26th. Royal Bank of Canada restated a “sector perform” rating and set a $32.00 target price on shares of APA in a report on Thursday, January 23rd. Piper Sandler reduced their target price on APA from $26.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, December 17th. UBS Group reduced their price objective on shares of APA from $28.00 to $27.00 and set a “neutral” rating on the stock in a research note on Monday, December 9th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of APA from $23.00 to $20.00 and set a “neutral” rating on the stock in a research note on Thursday. 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $28.90.

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.