HUB Investment Partners LLC Buys 1,183 Shares of APA Co. (NASDAQ:APA)

HUB Investment Partners LLC grew its stake in APA Co. (NASDAQ:APA) by 10.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 12,842 shares of the company’s stock after purchasing an additional 1,183 shares during the period. HUB Investment Partners LLC’s holdings in APA were worth $297,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of APA. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of APA by 12.6% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 30,471,834 shares of the company’s stock worth $745,341,000 after buying an additional 3,411,270 shares during the period. Harris Associates L P raised its holdings in shares of APA by 20.8% in the third quarter. Harris Associates L P now owns 24,914,700 shares of the company’s stock worth $609,414,000 after buying an additional 4,293,932 shares during the period. Charles Schwab Investment Management Inc. raised 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 worth $297,540,000 after buying an additional 894,574 shares during the period. Geode Capital Management LLC raised its holdings in shares of APA by 2.5% in the third quarter. Geode Capital Management LLC now owns 9,307,186 shares of the company’s stock worth $226,928,000 after buying an additional 224,547 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of APA by 17.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,102,659 shares of the company’s stock worth $100,351,000 after buying an additional 600,612 shares during the period. 83.01% of the stock is owned by institutional investors.

APA Stock Up 0.2 %

APA stock opened at $20.61 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 stock has a market capitalization of $7.50 billion, a price-to-earnings ratio of 2.91 and a beta of 3.26. APA Co. has a 1-year low of $17.66 and a 1-year high of $36.05. The business has a fifty day moving average price of $21.97 and a 200-day moving average price of $23.06.

APA (NASDAQ:APA) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.79 earnings per share 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 analyst estimates of $2.31 billion. APA had a return on equity of 27.86% and a net margin of 24.36%. Equities research analysts forecast that APA Co. will post 4.03 EPS for the current fiscal year.

APA Announces Dividend

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 given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.85%. APA’s payout ratio is 44.25%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on APA shares. Wells Fargo & Company downgraded APA from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $42.00 to $25.00 in a report on Tuesday, December 17th. Piper Sandler reduced their price target on APA from $26.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, December 17th. Mizuho reduced their price target on APA from $25.00 to $24.00 and set an “underperform” rating on the stock in a report on Monday, December 16th. Barclays reduced their price objective on APA from $27.00 to $25.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 18th. Finally, Raymond James downgraded 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 report on Monday, March 10th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, APA presently has an average rating of “Hold” and a consensus target price of $28.60.

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.