Lmcg Investments LLC Sells 13,991 Shares of APA Co. (NASDAQ:APA)

Lmcg Investments LLC trimmed its position in APA Co. (NASDAQ:APA) by 26.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,507 shares of the company’s stock after selling 13,991 shares during the period. Lmcg Investments LLC’s holdings in APA were worth $1,163,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of APA by 4.7% in the first quarter. Vanguard Group Inc. now owns 44,648,084 shares of the company’s stock worth $1,535,001,000 after purchasing an additional 2,004,555 shares during the last quarter. Wealthquest Corp increased its holdings in shares of APA by 21.7% in the 4th quarter. Wealthquest Corp now owns 154,200 shares of the company’s stock worth $5,533,000 after buying an additional 27,513 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of APA by 23.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,841,956 shares of the company’s stock valued at $66,093,000 after buying an additional 345,192 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of APA by 10.6% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 20,299,538 shares of the company’s stock worth $728,347,000 after acquiring an additional 1,938,335 shares during the last quarter. Finally, Mutual of America Capital Management LLC grew its position in APA by 18.5% in the first quarter. Mutual of America Capital Management LLC now owns 48,664 shares of the company’s stock worth $1,673,000 after acquiring an additional 7,580 shares in the last quarter. 83.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Barclays reiterated an “equal weight” rating and set a $35.00 price objective on shares of APA in a research report on Wednesday, September 11th. JPMorgan Chase & Co. reduced their price target on shares of APA from $36.00 to $27.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th. Sanford C. Bernstein lowered their price objective 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. Citigroup reduced their target price on shares of APA from $33.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday, September 9th. Finally, Wells Fargo & Company decreased their target price on shares of APA from $50.00 to $49.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 14th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $36.67.

APA Stock Up 3.3 %

Shares of NASDAQ APA opened at $25.25 on Wednesday. The firm has a fifty day simple moving average of $28.62 and a two-hundred day simple moving average of $30.23. APA Co. has a 12 month low of $22.72 and a 12 month high of $43.58. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $9.37 billion, a PE ratio of 2.82 and a beta of 3.24.

APA (NASDAQ:APA) last released its quarterly earnings results on Wednesday, July 31st. The company reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.22. The company had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.28 billion. APA had a net margin of 32.66% and a return on equity of 35.95%. APA’s revenue was up 41.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 earnings per share. Equities analysts expect that APA Co. will post 4.34 earnings per share for the current year.

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.