Amundi Has $31.49 Million Holdings in APA Co. (NASDAQ:APA)

Amundi lessened its stake in APA Co. (NASDAQ:APA) by 13.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,329,639 shares of the company’s stock after selling 208,993 shares during the quarter. Amundi’s holdings in APA were worth $31,486,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Janney Montgomery Scott LLC boosted its holdings in shares of APA by 22.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 65,071 shares of the company’s stock valued at $1,503,000 after buying an additional 12,077 shares during the period. US Bancorp DE boosted its holdings in shares of APA by 2.2% in the fourth quarter. US Bancorp DE now owns 47,719 shares of the company’s stock valued at $1,102,000 after buying an additional 1,010 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of APA by 4.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 11,991,513 shares of the company’s stock valued at $293,312,000 after buying an additional 485,291 shares during the period. Baader Bank Aktiengesellschaft boosted its holdings in shares of APA by 175.8% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 23,500 shares of the company’s stock valued at $543,000 after buying an additional 14,980 shares during the period. Finally, HITE Hedge Asset Management LLC acquired a new position in shares of APA in the third quarter valued at approximately $7,238,000. Institutional investors and hedge funds own 83.01% of the company’s stock.

APA Price Performance

NASDAQ:APA opened at $19.65 on Thursday. APA Co. has a one year low of $17.66 and a one year high of $36.05. The company has a market cap of $7.15 billion, a P/E ratio of 2.78 and a beta of 3.26. The firm’s fifty day moving average price is $22.45 and its two-hundred day moving average price is $23.46. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.24 and a quick ratio of 1.24.

APA (NASDAQ:APA) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.18). APA had a net margin of 24.36% and a return on equity of 27.86%. The company had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.31 billion. Equities analysts expect 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. Shareholders of record on Tuesday, April 22nd will be issued a $0.25 dividend. The ex-dividend date is Tuesday, April 22nd. This represents a $1.00 annualized dividend and a dividend yield of 5.09%. APA’s dividend payout ratio is currently 44.25%.

Analyst Upgrades and Downgrades

APA has been the topic of a number of research reports. Piper Sandler cut their price objective on shares of APA from $26.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 17th. The Goldman Sachs Group cut their price objective on shares of APA from $25.00 to $22.00 and set a “sell” rating on the stock in a research report on Friday, January 3rd. Royal Bank of Canada reissued a “sector perform” rating and issued a $32.00 price objective on shares of APA in a research report on Thursday, January 23rd. Mizuho cut their price objective on shares of APA from $25.00 to $24.00 and set an “underperform” rating on the stock in a research report on Monday, December 16th. Finally, Citigroup cut their price objective on shares of APA from $29.00 to $24.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 26th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, APA has a consensus rating of “Hold” and a consensus price target of $29.15.

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.