Valeo Financial Advisors LLC Makes New $287,000 Investment in APA Co. (NASDAQ:APA)

Valeo Financial Advisors LLC acquired a new stake in shares of APA Co. (NASDAQ:APA) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,012 shares of the company’s stock, valued at approximately $287,000.

Several other large investors also recently bought and sold shares of APA. Covestor Ltd lifted its holdings in shares of APA by 117.8% during the 1st quarter. Covestor Ltd now owns 808 shares of the company’s stock valued at $33,000 after buying an additional 437 shares during the period. Annis Gardner Whiting Capital Advisors LLC bought a new position in APA in the third quarter valued at about $34,000. Quent Capital LLC boosted its position in APA by 64.0% in the fourth quarter. Quent Capital LLC now owns 961 shares of the company’s stock worth $34,000 after purchasing an additional 375 shares during the last quarter. Money Concepts Capital Corp grew its stake in shares of APA by 228.6% during the 4th quarter. Money Concepts Capital Corp now owns 723 shares of the company’s stock valued at $34,000 after purchasing an additional 503 shares during the period. Finally, Quarry LP grew its stake in shares of APA by 2,535.1% during the 1st quarter. Quarry LP now owns 975 shares of the company’s stock valued at $35,000 after purchasing an additional 938 shares during the period. 83.01% of the stock is currently owned by institutional investors.

APA Trading Down 1.7 %

Shares of APA stock opened at $33.16 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.41. The firm has a market cap of $10.01 billion, a price-to-earnings ratio of 3.57 and a beta of 3.27. APA Co. has a twelve month low of $29.47 and a twelve month high of $46.15. The business has a 50-day moving average price of $32.21 and a 200-day moving average price of $34.81.

APA (NASDAQ:APA) last released its quarterly earnings results on Thursday, February 22nd. The company reported $1.15 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.18). The firm had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.07 billion. APA had a net margin of 34.95% and a return on equity of 62.64%. The business’s quarterly revenue was down 12.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.48 EPS. Equities research analysts anticipate that APA Co. will post 4.6 EPS for the current fiscal year.

APA Dividend Announcement

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 dividend on an annualized basis and a dividend yield of 3.02%. APA’s payout ratio is currently 10.78%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Mizuho dropped their price objective on shares of APA from $36.00 to $34.00 and set an “underperform” rating on the stock in a report on Friday, March 15th. Raymond James cut their price objective on shares of APA from $44.00 to $43.00 and set a “strong-buy” rating for the company in a research report on Wednesday, January 24th. JPMorgan Chase & Co. raised their target price on APA from $38.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Piper Sandler lowered their target price on APA from $36.00 to $33.00 and set a “neutral” rating on the stock in a research report on Thursday, March 7th. Finally, Roth Mkm upped their price target on APA from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $41.80.

APA 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.