HUB Investment Partners LLC Acquires 1,183 Shares of APA Co. (NASDAQ:APA)

HUB Investment Partners LLC grew its holdings in APA Co. (NASDAQ:APA) by 10.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,842 shares of the company’s stock after purchasing an additional 1,183 shares during the period. HUB Investment Partners LLC’s holdings in APA were worth $297,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of APA. GSA Capital Partners LLP purchased a new stake in APA during the third quarter valued at $281,000. Natixis Advisors LLC increased its position in APA by 15.1% during the third quarter. Natixis Advisors LLC now owns 101,334 shares of the company’s stock valued at $2,478,000 after acquiring an additional 13,266 shares during the last quarter. Quest Partners LLC purchased a new stake in APA during the third quarter valued at $344,000. Pathstone Holdings LLC increased its position in APA by 2.7% during the third quarter. Pathstone Holdings LLC now owns 68,074 shares of the company’s stock valued at $1,665,000 after acquiring an additional 1,771 shares during the last quarter. Finally, Caprock Group LLC increased its position in APA by 21.9% during the third quarter. Caprock Group LLC now owns 12,828 shares of the company’s stock valued at $314,000 after acquiring an additional 2,305 shares during the last quarter. Institutional investors own 83.01% of the company’s stock.

Analysts Set New Price Targets

APA has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their price objective on APA from $23.00 to $20.00 and set a “neutral” rating for the company in a research report on Thursday, March 13th. Wells Fargo & Company cut APA from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $42.00 to $25.00 in a research report on Tuesday, December 17th. UBS Group reduced their price target on APA from $28.00 to $27.00 and set a “neutral” rating for the company in a research report on Monday, December 9th. Barclays reduced their price target on APA from $27.00 to $25.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 18th. Finally, Piper Sandler reduced their price target on APA from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, December 17th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $28.60.

APA Stock Performance

NASDAQ APA opened at $20.61 on Friday. The firm has a market cap of $7.50 billion, a price-to-earnings ratio of 2.91 and a beta of 3.26. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.03. The business has a 50-day moving average price of $21.97 and a 200-day moving average price of $23.06. APA Co. has a twelve month low of $17.66 and a twelve month high of $36.05.

APA (NASDAQ:APA) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.18). APA had a net margin of 24.36% and a return on equity of 27.86%. The firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.31 billion. As a group, equities research analysts predict that APA Co. will post 4.03 EPS for the current fiscal year.

APA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Tuesday, April 22nd will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.85%. The ex-dividend date of this dividend is Tuesday, April 22nd. APA’s payout ratio is presently 44.25%.

APA Company 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.