Sava Infond d.o.o. Invests $230,000 in APA Co. (NASDAQ:APA)

Sava Infond d.o.o. acquired a new stake in shares of APA Co. (NASDAQ:APA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,950 shares of the company’s stock, valued at approximately $230,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Harris Associates L P increased its holdings in APA by 20.8% during the third quarter. Harris Associates L P now owns 24,914,700 shares of the company’s stock valued at $609,414,000 after buying an additional 4,293,932 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in shares of APA by 12.6% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 30,471,834 shares of the company’s stock worth $745,341,000 after purchasing an additional 3,411,270 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in APA by 29.4% in the 4th quarter. Bank of New York Mellon Corp now owns 4,092,666 shares of the company’s stock worth $94,500,000 after purchasing an additional 929,770 shares during the period. Charles Schwab Investment Management Inc. lifted its position in APA by 7.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 12,886,087 shares of the company’s stock valued at $297,540,000 after purchasing an additional 894,574 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in APA during the fourth quarter valued at about $14,524,000. Hedge funds and other institutional investors own 83.01% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on APA shares. Susquehanna decreased their price objective 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 decreased their target price on shares of APA from $26.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 17th. JPMorgan Chase & Co. dropped their price target on shares of APA from $23.00 to $20.00 and set a “neutral” rating for the company in a research report on Thursday, March 13th. Wells Fargo & Company decreased their price objective on shares of APA from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Finally, Morgan Stanley set a $22.00 target price on shares of APA and gave the stock an “underweight” rating in a report on Wednesday. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, APA has a consensus rating of “Hold” and an average price target of $28.20.

APA Stock Up 0.5 %

NASDAQ APA opened at $21.20 on Friday. The stock has a 50 day moving average price of $21.65 and a 200-day moving average price of $22.94. APA Co. has a one year low of $17.66 and a one year high of $36.05. The company has a market capitalization of $7.72 billion, a P/E ratio of 2.99 and a beta of 3.26. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.24 and a current ratio of 1.24.

APA (NASDAQ:APA) last issued 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). The business had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.31 billion. APA had a return on equity of 27.86% and a net margin of 24.36%. As a group, equities analysts predict that APA Co. will post 4.03 EPS for the current fiscal year.

APA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Tuesday, April 22nd will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, April 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 4.72%. APA’s dividend payout ratio (DPR) is presently 44.25%.

About APA

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.