Annandale Capital LLC Makes New $288,000 Investment in APA Co. (NASDAQ:APA)

Annandale Capital LLC purchased a new stake in shares of APA Co. (NASDAQ:APA) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 12,474 shares of the company’s stock, valued at approximately $288,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Brown Brothers Harriman & Co. grew its position in APA by 1,087.9% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,176 shares of the company’s stock valued at $27,000 after buying an additional 1,077 shares in the last quarter. TD Private Client Wealth LLC lifted its stake in shares of APA by 84.1% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company’s stock worth $29,000 after acquiring an additional 540 shares during the period. Riverview Trust Co boosted its holdings in shares of APA by 5,718.2% in the fourth quarter. Riverview Trust Co now owns 1,280 shares of the company’s stock valued at $30,000 after acquiring an additional 1,258 shares in the last quarter. Wilmington Savings Fund Society FSB increased its stake in shares of APA by 77.9% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company’s stock valued at $31,000 after acquiring an additional 586 shares during the period. Finally, Runnymede Capital Advisors Inc. bought a new stake in APA during the fourth quarter worth approximately $35,000. 83.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on APA. Susquehanna lowered their price target on APA from $33.00 to $31.00 and set a “positive” rating on the stock in a research report on Monday, March 3rd. Citigroup lowered their target price on APA from $24.00 to $20.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. The Goldman Sachs Group restated 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 $22.00 target price on shares of APA and gave the stock an “underweight” rating in a report on Wednesday, March 26th. Finally, UBS Group reduced their target price on shares of APA from $28.00 to $27.00 and set a “neutral” rating for the company in a report on Monday, December 9th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, APA currently has a consensus rating of “Hold” and a consensus price target of $27.68.

APA Trading Down 14.4 %

Shares of NASDAQ APA opened at $15.18 on Friday. The firm has a market capitalization of $5.53 billion, a PE ratio of 2.14 and a beta of 2.73. APA Co. has a one year low of $14.86 and a one year high of $36.05. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03. The business has a 50-day moving average price of $21.14 and a two-hundred day moving average price of $22.75.

APA (NASDAQ:APA) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.79 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $2.31 billion. As a group, analysts predict that APA Co. will post 4.03 earnings per share for the current fiscal year.

APA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Tuesday, April 22nd will be paid a $0.25 dividend. The ex-dividend date is Tuesday, April 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 6.59%. 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.