APA Co. (NASDAQ:APA) Shares Purchased by Schroder Investment Management Group

Schroder Investment Management Group boosted its stake in APA Co. (NASDAQ:APA) by 73.8% in the fourth quarter, Holdings Channel reports. The fund owned 807,142 shares of the company’s stock after buying an additional 342,698 shares during the quarter. Schroder Investment Management Group’s holdings in APA were worth $18,096,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Brown Brothers Harriman & Co. increased its position in shares of APA by 1,087.9% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,176 shares of the company’s stock worth $27,000 after acquiring an additional 1,077 shares during the last quarter. TD Private Client Wealth LLC grew its stake in APA by 84.1% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company’s stock valued at $29,000 after purchasing an additional 540 shares in the last quarter. Riverview Trust Co grew its stake 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 in the last quarter. Wilmington Savings Fund Society FSB increased its holdings in APA by 77.9% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company’s stock worth $31,000 after purchasing an additional 586 shares during the last quarter. Finally, Runnymede Capital Advisors Inc. acquired a new position in shares of APA in the 4th quarter valued at approximately $35,000. Institutional investors and hedge funds own 83.01% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Wells Fargo & Company dropped their price target on shares of APA from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 26th. JPMorgan Chase & Co. dropped their target price on shares of APA from $23.00 to $20.00 and set a “neutral” rating for the company in a research report on Thursday, March 13th. Morgan Stanley set a $22.00 price target on shares of APA and gave the stock an “underweight” rating in a research report on Wednesday, March 26th. Susquehanna lowered their price target on APA from $33.00 to $31.00 and set a “positive” rating for the company in a report on Monday, March 3rd. Finally, Citigroup dropped their price target on APA from $24.00 to $20.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $27.68.

APA Stock Performance

APA opened at $21.24 on Thursday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03. The business’s 50 day moving average is $21.42 and its 200-day moving average is $22.85. The stock has a market cap of $7.73 billion, a PE ratio of 3.00 and a beta of 2.73. APA Co. has a twelve month low of $17.66 and a twelve month high of $36.05.

APA (NASDAQ:APA) last announced 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 net margin of 24.36% and a return on equity of 27.86%. The business had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.31 billion. On average, analysts predict that APA Co. will post 4.03 earnings per share for the current 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 issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $1.00 annualized dividend and a yield of 4.71%. APA’s payout ratio is 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.