Nisa Investment Advisors LLC Has $3.51 Million Stock Position in APA Co. (NASDAQ:APA)

Nisa Investment Advisors LLC increased its stake in shares of APA Co. (NASDAQ:APA) by 2.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 97,725 shares of the company’s stock after acquiring an additional 2,228 shares during the quarter. Nisa Investment Advisors LLC’s holdings in APA were worth $3,506,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Lido Advisors LLC grew its holdings in shares of APA by 1.2% during the 3rd quarter. Lido Advisors LLC now owns 21,901 shares of the company’s stock worth $900,000 after purchasing an additional 266 shares in the last quarter. DNB Asset Management AS boosted its stake in APA by 0.6% during the fourth quarter. DNB Asset Management AS now owns 49,846 shares of the company’s stock worth $1,788,000 after buying an additional 308 shares in the last quarter. HB Wealth Management LLC increased its holdings in APA by 5.0% in the 4th quarter. HB Wealth Management LLC now owns 6,528 shares of the company’s stock valued at $234,000 after buying an additional 309 shares during the period. Horizon Investments LLC raised its stake in shares of APA by 7.1% in the 2nd quarter. Horizon Investments LLC now owns 4,902 shares of the company’s stock valued at $166,000 after buying an additional 323 shares in the last quarter. Finally, Harbour Investments Inc. lifted its holdings in shares of APA by 30.7% during the 2nd quarter. Harbour Investments Inc. now owns 1,453 shares of the company’s stock worth $50,000 after acquiring an additional 341 shares during the period. 83.01% of the stock is currently owned by institutional investors and hedge funds.

APA Stock Down 2.0 %

Shares of APA stock opened at $33.72 on Friday. The firm’s fifty day moving average price is $32.14 and its two-hundred day moving average price is $34.97. APA Co. has a 1 year low of $29.47 and a 1 year high of $46.15. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.41. The firm has a market capitalization of $10.18 billion, a P/E ratio of 3.63 and a beta of 3.27.

APA (NASDAQ:APA) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $1.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.18). The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.07 billion. APA had a return on equity of 62.64% and a net margin of 34.95%. The company’s revenue for the quarter was down 12.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.48 EPS. On average, equities analysts predict that APA Co. will post 4.54 EPS for the current fiscal year.

APA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Monday, April 22nd will be paid a $0.25 dividend. The ex-dividend date is Friday, April 19th. This represents a $1.00 annualized dividend and a yield of 2.97%. APA’s dividend payout ratio is 10.78%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on APA shares. Truist Financial cut their target price on APA from $59.00 to $53.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Roth Mkm boosted their target price on shares of APA from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. The Goldman Sachs Group dropped their target price on shares of APA from $35.00 to $31.00 and set a “sell” rating for the company in a research report on Tuesday, March 26th. Johnson Rice lowered shares of APA from a “buy” rating to a “hold” rating and set a $40.00 price target on the stock. in a research report on Friday, January 5th. Finally, Susquehanna dropped their price objective on shares of APA from $53.00 to $50.00 and set a “positive” rating for the company in a report on Friday, January 26th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, APA has an average rating of “Hold” and an average price target of $42.30.

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.