FWG Holdings LLC Takes Position in APA Co. (NASDAQ:APA)

FWG Holdings LLC acquired a new position in shares of APA Co. (NASDAQ:APA) during the fourth quarter, Holdings Channel.com reports. The fund acquired 20,825 shares of the company’s stock, valued at approximately $447,000.

Several other large investors have also added to or reduced their stakes in APA. TD Private Client Wealth LLC boosted its position in shares of APA by 84.1% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company’s stock valued at $29,000 after acquiring an additional 540 shares during the last quarter. Riverview Trust Co raised its stake in 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 purchasing an additional 1,258 shares in the last quarter. Wilmington Savings Fund Society FSB raised its stake in APA by 77.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company’s stock valued at $31,000 after purchasing an additional 586 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in APA by 93.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,614 shares of the company’s stock valued at $37,000 after purchasing an additional 780 shares during the last quarter. Finally, Huntington National Bank grew its stake in APA by 48.8% in the 3rd quarter. Huntington National Bank now owns 1,710 shares of the company’s stock worth $42,000 after buying an additional 561 shares in the last quarter. Institutional investors own 83.01% of the company’s stock.

APA Trading Up 0.5 %

Shares of APA opened at $18.84 on Monday. 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 firm has a market capitalization of $6.86 billion, a price-to-earnings ratio of 2.66 and a beta of 3.26. The company has a 50-day moving average of $22.67 and a 200 day moving average of $23.62. APA Co. has a 1-year low of $17.66 and a 1-year high of $36.04.

APA (NASDAQ:APA) last posted its quarterly earnings results 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 the consensus estimate of $2.31 billion. APA had a net margin of 24.36% and a return on equity of 27.86%. On average, research analysts expect that APA Co. will post 4.03 EPS for the current year.

APA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Tuesday, April 22nd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.31%. The ex-dividend date is Tuesday, April 22nd. APA’s payout ratio is presently 44.25%.

Wall Street Analyst Weigh In

A number of research firms recently commented on APA. Susquehanna reduced their target price on APA from $33.00 to $31.00 and set a “positive” rating on the stock in a research note on Monday, March 3rd. Piper Sandler cut their price objective on APA from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, December 17th. Citigroup decreased their price objective on APA from $29.00 to $24.00 and set a “neutral” rating on the stock in a report on Tuesday, November 26th. UBS Group cut their target price on APA from $28.00 to $27.00 and set a “neutral” rating for the company in a research note on Monday, December 9th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $32.00 price target on shares of APA in a research note on Thursday, January 23rd. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $29.80.

Insider Activity

In other news, Director Juliet S. Ellis bought 4,391 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average price of $22.78 per share, with a total value of $100,026.98. Following the completion of the acquisition, the director now directly owns 12,436 shares of the company’s stock, valued at $283,292.08. This trade represents a 54.58 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.30% of the company’s stock.

APA Company 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.