Annandale Capital LLC Invests $288,000 in APA Co. (NASDAQ:APA)

Annandale Capital LLC purchased a new stake in APA Co. (NASDAQ:APA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 12,474 shares of the company’s stock, valued at approximately $288,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Brown Brothers Harriman & Co. lifted its holdings in shares of APA by 1,087.9% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,176 shares of the company’s stock valued at $27,000 after acquiring an additional 1,077 shares in the last quarter. TD Private Client Wealth LLC raised its position in APA by 84.1% in the third quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company’s stock valued at $29,000 after purchasing an additional 540 shares during the period. Riverview Trust Co lifted its stake in shares of APA by 5,718.2% during the fourth quarter. Riverview Trust Co now owns 1,280 shares of the company’s stock worth $30,000 after purchasing an additional 1,258 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its position in shares of APA by 77.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company’s stock worth $31,000 after buying an additional 586 shares during the period. Finally, Runnymede Capital Advisors Inc. acquired a new stake in shares of APA in the fourth quarter valued at about $35,000. 83.01% of the stock is owned by institutional investors and hedge funds.

APA Trading Down 14.4 %

NASDAQ APA opened at $15.18 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.24 and a current ratio of 1.24. APA Co. has a one year low of $14.86 and a one year high of $36.05. The company has a 50-day simple moving average of $21.14 and a 200-day simple moving average of $22.75. The firm has a market capitalization of $5.53 billion, a PE ratio of 2.14 and a beta of 2.73.

APA (NASDAQ:APA) last issued its earnings results on Wednesday, February 26th. The company reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.18). The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.31 billion. APA had a return on equity of 27.86% and a net margin of 24.36%. On average, equities analysts forecast that APA Co. will post 4.03 earnings per share for the current year.

APA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Tuesday, April 22nd will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, April 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 6.59%. APA’s dividend payout ratio is currently 44.25%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Wells Fargo & Company lowered their price objective on shares of APA from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 26th. UBS Group lowered their price target on shares of APA from $28.00 to $27.00 and set a “neutral” rating for the company in a report on Monday, December 9th. Raymond James lowered shares of APA from a “strong-buy” rating to an “outperform” rating and cut their price objective for the stock from $45.00 to $32.00 in a report on Monday, March 10th. Susquehanna lowered their target price on APA from $33.00 to $31.00 and set a “positive” rating for the company in a research note on Monday, March 3rd. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $32.00 price target on shares of APA in a research note on Thursday, January 23rd. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, APA presently has a consensus rating of “Hold” and an average target price of $27.68.

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.