Foster Group Inc. Cuts Holdings in APA Co. (NASDAQ:APA)

Foster Group Inc. decreased its stake in shares of APA Co. (NASDAQ:APAGet Rating) by 18.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,417 shares of the company’s stock after selling 1,473 shares during the quarter. Foster Group Inc.’s holdings in APA were worth $265,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. LSV Asset Management purchased a new stake in APA during the 4th quarter worth about $3,168,000. Strs Ohio increased its holdings in shares of APA by 13.4% in the 1st quarter. Strs Ohio now owns 1,186,000 shares of the company’s stock valued at $49,017,000 after acquiring an additional 140,000 shares during the last quarter. Pinnacle Private Wealth LLC purchased a new position in shares of APA in the 4th quarter valued at about $258,000. Guggenheim Capital LLC increased its holdings in shares of APA by 2.4% in the 4th quarter. Guggenheim Capital LLC now owns 98,091 shares of the company’s stock valued at $2,638,000 after acquiring an additional 2,289 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of APA by 37.8% in the 4th quarter. JPMorgan Chase & Co. now owns 743,157 shares of the company’s stock valued at $19,984,000 after acquiring an additional 204,051 shares during the last quarter. Institutional investors own 84.08% of the company’s stock.

In other news, insider P Anthony Lannie sold 86,750 shares of the stock in a transaction on Monday, May 16th. The stock was sold at an average price of $41.26, for a total transaction of $3,579,305.00. Following the completion of the sale, the insider now owns 58,844 shares in the company, valued at approximately $2,427,903.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.05% of the company’s stock.

APA has been the topic of a number of recent analyst reports. Truist Financial increased their price objective on APA from $55.00 to $65.00 in a report on Thursday, April 21st. Stifel Nicolaus increased their price objective on APA from $51.00 to $59.00 and gave the company a “buy” rating in a report on Friday, May 6th. Morgan Stanley upped their target price on APA from $41.00 to $57.00 and gave the company an “overweight” rating in a research report on Friday, April 22nd. Piper Sandler decreased their target price on APA to $54.00 and set a “na” rating for the company in a research report on Wednesday, May 18th. Finally, Mizuho upped their target price on APA from $56.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, May 31st. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $51.70.

Shares of NASDAQ APA opened at $35.35 on Tuesday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 6.77. The stock has a 50 day simple moving average of $42.32 and a 200-day simple moving average of $37.82. The company has a market cap of $11.96 billion, a PE ratio of 5.05, a P/E/G ratio of 0.14 and a beta of 4.06. APA Co. has a 12-month low of $15.55 and a 12-month high of $51.95.

APA (NASDAQ:APAGet Rating) last issued its quarterly earnings data on Wednesday, May 4th. The company reported $1.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.16). The business had revenue of $2.67 billion for the quarter, compared to analyst estimates of $2.44 billion. APA had a return on equity of 11,632.79% and a net margin of 30.21%. The business’s quarterly revenue was up 42.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.91 earnings per share. Sell-side analysts forecast that APA Co. will post 10.94 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 22nd. Shareholders of record on Friday, July 22nd will be given a $0.125 dividend. The ex-dividend date of this dividend is Thursday, July 21st. This represents a $0.50 dividend on an annualized basis and a yield of 1.41%. APA’s dividend payout ratio (DPR) is 7.14%.

APA Company Profile (Get Rating)

APA Corporation, through its subsidiaries, explores for, develops, and produces oil and gas properties. It has operations in the United States, Egypt, and the United Kingdom, as well as has exploration activities offshore Suriname. The company also operates gathering, processing, and transmission assets in West Texas, as well as holds ownership in four Permian-to-Gulf Coast pipelines.

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Institutional Ownership by Quarter for APA (NASDAQ:APA)

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