APA Co. (NASDAQ:APA) Stock Holdings Lessened by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp lowered its stake in APA Co. (NASDAQ:APA) by 30.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 53,980 shares of the company’s stock after selling 23,641 shares during the period. OMERS ADMINISTRATION Corp’s holdings in APA were worth $1,246,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Invesco Ltd. increased its holdings in shares of APA by 6.9% in the fourth quarter. Invesco Ltd. now owns 13,230,751 shares of the company’s stock valued at $305,498,000 after buying an additional 850,052 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of APA by 7.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 12,886,087 shares of the company’s stock valued at $297,540,000 after buying an additional 894,574 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of APA by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 9,507,956 shares of the company’s stock valued at $219,016,000 after buying an additional 200,770 shares in the last quarter. Dimensional Fund Advisors LP grew its position in APA by 33.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,186,244 shares of the company’s stock worth $142,823,000 after purchasing an additional 1,540,055 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in APA by 29.4% during the 4th quarter. Bank of New York Mellon Corp now owns 4,092,666 shares of the company’s stock worth $94,500,000 after purchasing an additional 929,770 shares in the last quarter. Institutional investors own 83.01% of the company’s stock.

APA Trading Down 1.0%

APA stock opened at $17.59 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.24 and a quick ratio of 1.24. The company has a market capitalization of $6.36 billion, a price-to-earnings ratio of 2.48 and a beta of 1.18. APA Co. has a one year low of $13.58 and a one year high of $33.41. The company’s fifty day moving average price is $17.51 and its two-hundred day moving average price is $20.73.

APA (NASDAQ:APA) last posted its earnings results on Wednesday, May 7th. The company reported $1.06 EPS for the quarter, topping the consensus estimate of $0.83 by $0.23. The firm had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.17 billion. APA had a net margin of 24.36% and a return on equity of 27.86%. The business’s quarterly revenue was up 35.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.78 earnings per share. On average, analysts forecast that APA Co. will post 4.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on APA shares. Wells Fargo & Company lowered their price objective on shares of APA from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 26th. Susquehanna lowered their price objective on shares of APA from $31.00 to $30.00 and set a “positive” rating on the stock in a research report on Tuesday, April 22nd. The Goldman Sachs Group reiterated a “sell” rating and set a $23.00 price objective on shares of APA in a research report on Wednesday, March 19th. Morgan Stanley set a $20.00 price objective on shares of APA and gave the stock an “underweight” rating in a research report on Tuesday, April 15th. Finally, Scotiabank lowered their price objective on shares of APA from $26.00 to $14.00 and set a “sector perform” rating on the stock in a research report on Friday, April 11th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, APA presently has an average rating of “Hold” and an average price target of $25.37.

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.