Boston Private Wealth LLC Makes New Investment in APA Co. (NASDAQ:APA)

Boston Private Wealth LLC bought a new stake in APA Co. (NASDAQ:APA) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 11,084 shares of the company’s stock, valued at approximately $237,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Key Square Capital Management LLC acquired a new position in APA in the third quarter valued at approximately $3,797,000. Commerce Bank boosted its position in shares of APA by 10.5% in the 3rd quarter. Commerce Bank now owns 13,773 shares of the company’s stock worth $295,000 after purchasing an additional 1,307 shares during the last quarter. JustInvest LLC grew its stake in shares of APA by 104.0% during the third quarter. JustInvest LLC now owns 25,073 shares of the company’s stock worth $537,000 after purchasing an additional 12,785 shares during the period. TD Asset Management Inc. increased its holdings in APA by 50.2% in the third quarter. TD Asset Management Inc. now owns 387,672 shares of the company’s stock valued at $8,308,000 after purchasing an additional 129,540 shares during the last quarter. Finally, Swiss National Bank lifted its stake in APA by 0.5% in the third quarter. Swiss National Bank now owns 835,000 shares of the company’s stock valued at $17,894,000 after buying an additional 4,000 shares during the period. Institutional investors own 86.34% of the company’s stock.

A number of brokerages recently weighed in on APA. Stifel Europe increased their price target on shares of APA from $33.00 to $37.00 in a research report on Tuesday, January 4th. TheStreet raised shares of APA from a “d+” rating to a “c-” rating in a research report on Tuesday, October 19th. KeyCorp boosted their price target on shares of APA from $33.00 to $37.00 and gave the company an “overweight” rating in a report on Wednesday. Raymond James reiterated a “strong-buy” rating and set a $45.00 target price on shares of APA in a report on Monday, January 3rd. Finally, Piper Sandler raised their price target on APA from $21.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, October 21st. Eight research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, APA presently has an average rating of “Buy” and an average target price of $34.55.

Shares of NASDAQ APA opened at $33.29 on Friday. The company has a debt-to-equity ratio of 110.79, a current ratio of 1.19 and a quick ratio of 1.19. The business has a 50-day moving average of $27.66 and a 200-day moving average of $23.37. The stock has a market capitalization of $12.09 billion, a price-to-earnings ratio of 22.19, a PEG ratio of 0.30 and a beta of 4.73. APA Co. has a fifty-two week low of $14.03 and a fifty-two week high of $33.37.

APA (NASDAQ:APA) last issued its quarterly earnings results on Wednesday, November 3rd. The company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.89 by $0.09. The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.76 billion. APA had a negative return on equity of 393.47% and a net margin of 8.91%. During the same period in the prior year, the firm posted ($0.16) earnings per share. On average, sell-side analysts expect that APA Co. will post 4.09 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 22nd. Stockholders of record on Friday, January 21st will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Thursday, January 20th. This is an increase from APA’s previous quarterly dividend of $0.06. APA’s dividend payout ratio is presently 16.67%.

APA Company Profile

APA Corp. explores for oil and natural gas through its subsidiaries. It produces oil and gas with operations in the the United States, Egypt and the United Kingdom and exploration activities offshore Suriname. The company was founded in 1954 and is headquartered in Houston, TX.

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Institutional Ownership by Quarter for APA (NASDAQ:APA)

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