APA Co. (NASDAQ:APA) Shares Bought by Ceeto Capital Group LLC

Ceeto Capital Group LLC boosted its stake in shares of APA Co. (NASDAQ:APA) by 46.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,000 shares of the company’s stock after purchasing an additional 6,000 shares during the quarter. Ceeto Capital Group LLC’s holdings in APA were worth $653,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in APA by 4.7% during the first quarter. Vanguard Group Inc. now owns 44,648,084 shares of the company’s stock worth $1,535,001,000 after acquiring an additional 2,004,555 shares during the period. Hotchkis & Wiley Capital Management LLC raised 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 purchasing an additional 1,938,335 shares in the last quarter. Harris Associates L P raised its holdings in shares of APA by 17.8% in the 4th quarter. Harris Associates L P now owns 15,705,693 shares of the company’s stock worth $563,520,000 after purchasing an additional 2,367,570 shares in the last quarter. Smead Capital Management Inc. lifted its stake in APA by 13.6% during the fourth quarter. Smead Capital Management Inc. now owns 5,235,957 shares of the company’s stock valued at $187,866,000 after purchasing an additional 626,460 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in APA by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,619,374 shares of the company’s stock worth $93,983,000 after buying an additional 88,061 shares in the last quarter. 83.01% of the stock is currently owned by institutional investors.

APA Stock Down 0.2 %

Shares of APA traded down $0.07 during midday trading on Friday, reaching $31.21. 3,493,116 shares of the stock were exchanged, compared to its average volume of 4,692,342. The company has a market cap of $11.58 billion, a price-to-earnings ratio of 3.49, a P/E/G ratio of 0.40 and a beta of 3.26. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.42. APA Co. has a 12-month low of $27.17 and a 12-month high of $46.15. The firm has a 50 day simple moving average of $29.65 and a 200-day simple moving average of $31.02.

APA (NASDAQ:APA) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.12). The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.89 billion. APA had a net margin of 34.04% and a return on equity of 45.32%. APA’s revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.19 EPS. Research analysts forecast that APA Co. will post 4.17 EPS for the current year.

APA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 22nd. Stockholders of record on Monday, July 22nd will be issued 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 dividend yield of 3.20%. APA’s dividend payout ratio is currently 11.19%.

Analyst Ratings Changes

A number of brokerages have recently commented on APA. Susquehanna increased their price objective on APA from $54.00 to $57.00 and gave the company a “positive” rating in a research report on Tuesday, May 7th. Bank of America reiterated an “underperform” rating and issued a $31.00 price target on shares of APA in a research report on Friday, June 14th. JPMorgan Chase & Co. boosted their price objective on APA from $38.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Sanford C. Bernstein decreased their target price on shares of APA from $37.00 to $30.00 and set a “market perform” rating for the company in a report on Wednesday, July 17th. Finally, Truist Financial cut their price target on shares of APA from $52.00 to $45.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $38.86.

APA 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.