Newbridge Financial Services Group Inc. Invests $102,000 in APA Co. (NASDAQ:APA)

Newbridge Financial Services Group Inc. bought a new position in APA Co. (NASDAQ:APAFree Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 2,850 shares of the company’s stock, valued at approximately $102,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Harris Associates L P boosted its holdings in APA by 17.8% during the 4th quarter. Harris Associates L P now owns 15,705,693 shares of the company’s stock valued at $563,520,000 after acquiring an additional 2,367,570 shares during the period. Vanguard Group Inc. boosted its holdings in APA by 5.0% during the 3rd quarter. Vanguard Group Inc. now owns 41,719,129 shares of the company’s stock valued at $1,714,656,000 after acquiring an additional 2,003,862 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of APA by 10.6% in the 4th 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 during the period. Ameriprise Financial Inc. lifted its holdings in shares of APA by 130.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,534,209 shares of the company’s stock worth $63,037,000 after buying an additional 867,257 shares during the period. Finally, Smead Capital Management Inc. lifted its holdings in shares of APA by 13.6% in the 4th 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 during the period. Hedge funds and other institutional investors own 83.01% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on APA. Piper Sandler reduced their price target on APA from $35.00 to $33.00 and set a “neutral” rating for the company in a research report on Tuesday, May 14th. StockNews.com lowered APA from a “buy” rating to a “hold” rating in a research report on Friday, May 10th. Citigroup reduced their price target on APA from $35.00 to $33.00 and set a “neutral” rating for the company in a research report on Friday, May 24th. Wells Fargo & Company reduced their price target on APA from $53.00 to $52.00 and set an “overweight” rating for the company in a research report on Wednesday, May 22nd. Finally, JPMorgan Chase & Co. upped their target price on APA from $38.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $40.52.

Read Our Latest Stock Analysis on APA

APA Stock Performance

Shares of APA traded up $0.48 during mid-day trading on Tuesday, reaching $28.42. The company had a trading volume of 854,825 shares, compared to its average volume of 6,506,242. APA Co. has a 52-week low of $27.36 and a 52-week high of $46.15. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $10.55 billion, a P/E ratio of 3.13 and a beta of 3.25. The stock has a 50 day moving average of $30.88 and a two-hundred day moving average of $32.19.

APA (NASDAQ:APAGet Free Report) last issued its earnings results on Thursday, May 2nd. The company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.12). APA had a return on equity of 45.32% and a net margin of 34.04%. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the previous year, the company earned $1.19 EPS. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. On average, analysts expect that APA Co. will post 4.58 earnings per share for the current year.

APA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 22nd. Shareholders of record on Monday, July 22nd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, July 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 3.52%. APA’s dividend payout ratio is currently 11.19%.

APA Profile

(Free Report)

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.

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Institutional Ownership by Quarter for APA (NASDAQ:APA)

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