Dodge & Cox Has $991,000 Holdings in APA Co. (NASDAQ:APA)

Dodge & Cox decreased its holdings in shares of APA Co. (NASDAQ:APA) by 8.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 42,900 shares of the company’s stock after selling 3,800 shares during the period. Dodge & Cox’s holdings in APA were worth $991,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of APA. Jump Financial LLC raised its position in shares of APA by 48.8% in the 4th quarter. Jump Financial LLC now owns 108,130 shares of the company’s stock valued at $2,497,000 after acquiring an additional 35,479 shares during the period. Bridgewater Associates LP raised its holdings in APA by 73.4% in the fourth quarter. Bridgewater Associates LP now owns 461,386 shares of the company’s stock worth $10,653,000 after purchasing an additional 195,319 shares during the period. Canada Post Corp Registered Pension Plan bought a new position in shares of APA during the fourth quarter worth $125,000. Belpointe Asset Management LLC acquired a new position in shares of APA in the 4th quarter valued at $166,000. Finally, Synovus Financial Corp increased its position in shares of APA by 292.9% in the 4th quarter. Synovus Financial Corp now owns 121,505 shares of the company’s stock valued at $2,806,000 after buying an additional 90,580 shares in the last quarter. 83.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on APA. Piper Sandler lowered their price target on 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 reiterated a “sell” rating and issued a $23.00 price target on shares of APA in a report on Wednesday, March 19th. Barclays cut their price objective on shares of APA from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 18th. Raymond James lowered APA from a “strong-buy” rating to an “outperform” rating and dropped their target price for the company from $45.00 to $32.00 in a research report on Monday, March 10th. Finally, Royal Bank of Canada decreased their price target on shares of APA from $27.00 to $24.00 and set a “sector perform” rating for the company in a research note on Friday, April 11th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $26.47.

APA Price Performance

Shares of NASDAQ APA opened at $14.89 on Wednesday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.03. The business’s 50 day moving average price is $19.82 and its two-hundred day moving average price is $22.15. The company has a market cap of $5.42 billion, a PE ratio of 2.10 and a beta of 2.74. APA Co. has a twelve month low of $13.58 and a twelve month high of $33.41.

APA (NASDAQ:APA) last posted its earnings results 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). APA had a return on equity of 27.86% and a net margin of 24.36%. The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.31 billion. On average, analysts predict that APA Co. will post 4.03 EPS for the current year.

APA Announces Dividend

The business 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. This represents a $1.00 annualized dividend and a dividend yield of 6.72%. The ex-dividend date is Tuesday, April 22nd. APA’s payout ratio is presently 44.25%.

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.