Semanteon Capital Management LP Acquires Shares of 19,485 APA Co. (NASDAQ:APA)

Semanteon Capital Management LP acquired a new stake in APA Co. (NASDAQ:APA) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 19,485 shares of the company’s stock, valued at approximately $450,000.

Several other large investors also recently added to or reduced their stakes in the stock. HUB Investment Partners LLC raised its holdings in shares of APA by 10.1% in the 4th quarter. HUB Investment Partners LLC now owns 12,842 shares of the company’s stock valued at $297,000 after purchasing an additional 1,183 shares in the last quarter. iA Global Asset Management Inc. raised its holdings in shares of APA by 187.9% in the 4th quarter. iA Global Asset Management Inc. now owns 30,949 shares of the company’s stock valued at $715,000 after purchasing an additional 20,199 shares in the last quarter. Royal London Asset Management Ltd. raised its holdings in shares of APA by 53.2% in the 4th quarter. Royal London Asset Management Ltd. now owns 102,794 shares of the company’s stock valued at $2,374,000 after purchasing an additional 35,716 shares in the last quarter. Koss Olinger Consulting LLC bought a new stake in shares of APA in the 4th quarter valued at about $270,000. Finally, Intech Investment Management LLC bought a new stake in shares of APA in the 4th quarter valued at about $1,005,000. 83.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

APA has been the subject of several recent research reports. Piper Sandler reduced their price target on shares of APA from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, December 17th. The Goldman Sachs Group reduced their price target on shares of APA from $25.00 to $22.00 and set a “sell” rating for the company in a report on Friday, January 3rd. Citigroup reduced their price objective on shares of APA from $24.00 to $20.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Raymond James lowered shares of APA from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the stock from $45.00 to $32.00 in a research note on Monday, March 10th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $32.00 price objective on shares of APA in a research note on Thursday, January 23rd. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $28.60.

APA Trading Up 0.2 %

Shares of APA stock opened at $20.61 on Friday. The firm’s 50 day simple moving average is $21.97 and its two-hundred day simple moving average is $23.08. The firm has a market capitalization of $7.50 billion, a price-to-earnings ratio of 2.91 and a beta of 3.26. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03. APA Co. has a 12-month low of $17.66 and a 12-month high of $36.05.

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). The business had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.31 billion. APA had a net margin of 24.36% and a return on equity of 27.86%. Analysts predict that APA Co. will post 4.03 EPS for the current year.

APA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Tuesday, April 22nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.85%. The ex-dividend date is Tuesday, April 22nd. APA’s dividend payout ratio (DPR) is currently 44.25%.

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.