Readystate Asset Management LP Has $866,000 Holdings in APA Co. (NASDAQ:APA)

Readystate Asset Management LP lifted its holdings in APA Co. (NASDAQ:APA) by 52.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,145 shares of the company’s stock after acquiring an additional 8,300 shares during the period. Readystate Asset Management LP’s holdings in APA were worth $866,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in APA by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 42,643,529 shares of the company’s stock worth $1,530,050,000 after buying an additional 924,400 shares in the last quarter. BlackRock Inc. grew its stake in APA by 4.1% during the first quarter. BlackRock Inc. now owns 27,525,712 shares of the company’s stock worth $992,577,000 after buying an additional 1,073,681 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its stake in APA by 10.6% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 20,299,538 shares of the company’s stock worth $728,347,000 after buying an additional 1,938,335 shares in the last quarter. Harris Associates L P grew its stake in APA by 17.8% during the fourth quarter. Harris Associates L P now owns 15,705,693 shares of the company’s stock worth $563,520,000 after buying an additional 2,367,570 shares in the last quarter. Finally, Smead Capital Management Inc. grew its stake in APA by 13.6% during the fourth quarter. Smead Capital Management Inc. now owns 5,235,957 shares of the company’s stock worth $187,866,000 after buying an additional 626,460 shares in the last quarter. 83.01% of the stock is currently owned by institutional investors and hedge funds.

APA Stock Up 0.5 %

NASDAQ APA traded up $0.17 during mid-day trading on Thursday, hitting $32.43. The company’s stock had a trading volume of 5,679,121 shares, compared to its average volume of 6,927,484. The firm has a market capitalization of $9.76 billion, a price-to-earnings ratio of 3.49 and a beta of 3.27. The company’s 50 day simple moving average is $32.32 and its 200 day simple moving average is $34.72. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.41. APA Co. has a twelve month low of $29.47 and a twelve month high of $46.15.

APA (NASDAQ:APA) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $1.15 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 business’s revenue for the quarter was down 12.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.48 earnings per share. Analysts anticipate that APA Co. will post 4.85 earnings per share for the current year.

APA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders 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 dividend yield of 3.08%. APA’s payout ratio is 10.78%.

Analysts Set New Price Targets

A number of research firms have recently commented on APA. Royal Bank of Canada reissued a “sector perform” rating and issued a $45.00 target price on shares of APA in a report on Monday, April 8th. Morgan Stanley reissued an “underweight” rating and issued a $28.00 target price on shares of APA in a report on Monday. JPMorgan Chase & Co. increased their target price on shares of APA from $38.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Truist Financial dropped their price objective on shares of APA from $59.00 to $53.00 and set a “buy” rating for the company in a report on Friday, April 5th. Finally, Barclays assumed coverage on shares of APA in a report on Wednesday, April 10th. They issued an “equal weight” rating and a $40.00 price objective for the company. Three analysts have rated the stock with a sell rating, ten have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $41.80.

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.