18,668 Shares in APA Co. (NASDAQ:APA) Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. bought a new position in APA Co. (NASDAQ:APA) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 18,668 shares of the company’s stock, valued at approximately $431,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Van ECK Associates Corp increased its stake in shares of APA by 0.6% in the fourth quarter. Van ECK Associates Corp now owns 77,110 shares of the company’s stock worth $1,780,000 after purchasing an additional 469 shares during the period. TD Private Client Wealth LLC increased its position in APA by 84.1% in 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 during the period. Asset Management One Co. Ltd. lifted its holdings in shares of APA by 0.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 138,991 shares of the company’s stock worth $3,070,000 after buying an additional 544 shares during the last quarter. Segment Wealth Management LLC boosted its position in shares of APA by 1.1% in the fourth quarter. Segment Wealth Management LLC now owns 54,938 shares of the company’s stock valued at $1,269,000 after acquiring an additional 571 shares during the period. Finally, Wilmington Savings Fund Society FSB grew its stake in shares of APA by 77.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company’s stock worth $31,000 after acquiring an additional 586 shares during the last quarter. Institutional investors and hedge funds own 83.01% of the company’s stock.

Analyst Ratings Changes

APA has been the topic of several research analyst reports. Wells Fargo & Company lowered shares of APA from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $42.00 to $25.00 in a research report on Tuesday, December 17th. Barclays decreased their target price on APA from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 18th. The Goldman Sachs Group cut their price target on APA from $25.00 to $22.00 and set a “sell” rating for the company in a report on Friday, January 3rd. Citigroup decreased their price objective on APA from $24.00 to $20.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. Finally, Susquehanna reduced their target price on APA from $33.00 to $31.00 and set a “positive” rating for the company in a research report on Monday, March 3rd. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $28.60.

APA Stock Performance

NASDAQ:APA opened at $20.89 on Wednesday. The stock has a market capitalization of $7.61 billion, a P/E ratio of 2.95 and a beta of 3.26. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03. APA Co. has a 1 year low of $17.66 and a 1 year high of $36.05. The firm has a 50 day moving average of $21.82 and a 200-day moving average of $22.97.

APA (NASDAQ:APA) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.79 earnings per share (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 the consensus estimate of $2.31 billion. APA had a net margin of 24.36% and a return on equity of 27.86%. As a group, sell-side analysts anticipate that APA Co. will post 4.03 EPS for the current fiscal year.

APA Announces Dividend

The business also recently disclosed 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. This represents a $1.00 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date is Tuesday, April 22nd. APA’s dividend payout ratio is currently 44.25%.

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.