Atria Wealth Solutions Inc. Invests $485,000 in APA Co. (NASDAQ:APA)

Atria Wealth Solutions Inc. purchased a new position in APA Co. (NASDAQ:APA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,513 shares of the company’s stock, valued at approximately $485,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Alaska Permanent Fund Corp raised its holdings in shares of APA by 0.8% during the 4th quarter. Alaska Permanent Fund Corp now owns 70,390 shares of the company’s stock worth $2,526,000 after acquiring an additional 590 shares during the period. South Dakota Investment Council raised its stake in APA by 5.2% during the fourth quarter. South Dakota Investment Council now owns 38,303 shares of the company’s stock worth $1,374,000 after purchasing an additional 1,900 shares during the period. GAMMA Investing LLC acquired a new position in APA in the 4th quarter valued at about $95,000. Illinois Municipal Retirement Fund grew its stake in shares of APA by 30.0% in the 4th quarter. Illinois Municipal Retirement Fund now owns 176,896 shares of the company’s stock valued at $6,347,000 after buying an additional 40,785 shares during the period. Finally, Wedge Capital Management L L P NC increased its holdings in shares of APA by 8.8% during the 4th quarter. Wedge Capital Management L L P NC now owns 360,853 shares of the company’s stock worth $12,947,000 after buying an additional 29,300 shares during the last quarter. 83.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Truist Financial reduced their target price on shares of APA from $59.00 to $53.00 and set a “buy” rating on the stock in a report on Friday, April 5th. JPMorgan Chase & Co. lifted their target price on APA from $38.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Susquehanna upped their price target on APA from $50.00 to $54.00 and gave the stock a “positive” rating in a research note on Monday, April 22nd. The Goldman Sachs Group reduced their price objective on APA from $35.00 to $31.00 and set a “sell” rating on the stock in a research note on Tuesday, March 26th. Finally, Raymond James dropped their target price 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. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $42.05.

APA Stock Performance

APA stock opened at $29.26 on Monday. APA Co. has a 1 year low of $28.90 and a 1 year high of $46.15. The stock has a market capitalization of $8.81 billion, a price-to-earnings ratio of 3.27 and a beta of 3.29. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.02 and a current ratio of 1.16. The stock’s fifty day moving average is $32.52 and its two-hundred day moving average is $34.07.

APA (NASDAQ:APA) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.12). APA had a net margin of 34.04% and a return on equity of 45.32%. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the prior year, the business earned $1.19 earnings per share. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. On average, research analysts predict that APA Co. will post 5.03 EPS for the current year.

APA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Monday, April 22nd will be given a dividend of $0.25 per share. The ex-dividend date is Friday, April 19th. This represents a $1.00 dividend on an annualized basis and a yield of 3.42%. APA’s dividend payout ratio (DPR) is presently 11.19%.

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.