SG Americas Securities LLC Decreases Stock Holdings in APA Co. (NASDAQ:APA)

SG Americas Securities LLC reduced its stake in shares of APA Co. (NASDAQ:APAGet Rating) by 58.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,321 shares of the company’s stock after selling 30,430 shares during the quarter. SG Americas Securities LLC’s holdings in APA were worth $881,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Albert D Mason Inc. lifted its stake in shares of APA by 2.5% during the 1st quarter. Albert D Mason Inc. now owns 10,978 shares of the company’s stock worth $454,000 after purchasing an additional 270 shares during the last quarter. Profund Advisors LLC increased its position in APA by 1.9% during the 4th quarter. Profund Advisors LLC now owns 18,687 shares of the company’s stock valued at $502,000 after buying an additional 348 shares in the last quarter. Daiwa Securities Group Inc. increased its position in APA by 14.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 3,375 shares of the company’s stock valued at $91,000 after buying an additional 414 shares in the last quarter. Xponance Inc. increased its position in APA by 1.8% during the 1st quarter. Xponance Inc. now owns 23,177 shares of the company’s stock valued at $958,000 after buying an additional 416 shares in the last quarter. Finally, Spire Wealth Management increased its position in APA by 18.3% during the 1st quarter. Spire Wealth Management now owns 3,774 shares of the company’s stock valued at $156,000 after buying an additional 583 shares in the last quarter. 84.08% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. MKM Partners reaffirmed a “buy” rating and set a $45.00 target price on shares of APA in a research report on Wednesday, July 20th. KeyCorp upped their target price on APA from $44.00 to $45.00 and gave the company an “overweight” rating in a research report on Monday, April 4th. Morgan Stanley increased their price objective on APA from $41.00 to $57.00 and gave the company an “overweight” rating in a report on Friday, April 22nd. Piper Sandler cut their price objective on APA from $54.00 to $47.00 in a report on Friday, July 22nd. Finally, Mizuho cut their price objective on APA from $60.00 to $56.00 in a report on Tuesday, July 19th. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, APA currently has an average rating of “Moderate Buy” and an average price target of $50.63.

APA Stock Up 4.4 %

Shares of APA opened at $37.17 on Monday. APA Co. has a 52 week low of $15.55 and a 52 week high of $51.95. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 6.77. The company has a market capitalization of $12.57 billion, a price-to-earnings ratio of 5.31, a PEG ratio of 0.18 and a beta of 4.06. The stock’s 50-day moving average price is $39.64 and its 200-day moving average price is $38.51.

APA (NASDAQ:APAGet Rating) last issued its earnings results on Wednesday, May 4th. The company reported $1.92 EPS for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.16). The company had revenue of $2.67 billion during the quarter, compared to analysts’ expectations of $2.44 billion. APA had a return on equity of 11,632.79% and a net margin of 30.21%. The firm’s quarterly revenue was up 42.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.91 EPS. On average, sell-side analysts predict that APA Co. will post 9.96 EPS for the current year.

APA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 22nd. Shareholders of record on Friday, July 22nd will be given a dividend of $0.125 per share. The ex-dividend date is Thursday, July 21st. This represents a $0.50 dividend on an annualized basis and a yield of 1.35%. APA’s dividend payout ratio is currently 7.14%.

Insiders Place Their Bets

In other APA news, insider P Anthony Lannie sold 86,750 shares of the stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $41.26, for a total transaction of $3,579,305.00. Following the transaction, the insider now owns 58,844 shares in the company, valued at $2,427,903.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.88% of the stock is currently owned by company insiders.

About APA

(Get Rating)

APA Corporation, through its subsidiaries, explores for, develops, and produces oil and gas properties. It has operations in the United States, Egypt, and the United Kingdom, as well as has exploration activities offshore Suriname. The company also operates gathering, processing, and transmission assets in West Texas, as well as holds ownership in four Permian-to-Gulf Coast pipelines.

Read More

Want to see what other hedge funds are holding APA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for APA Co. (NASDAQ:APAGet Rating).

Institutional Ownership by Quarter for APA (NASDAQ:APA)

Want More Great Investing Ideas?

Receive News & Ratings for APA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for APA and related companies with MarketBeat.com's FREE daily email newsletter.