APA Co. (NASDAQ:APA) Stock Holdings Lowered by Trexquant Investment LP

Trexquant Investment LP trimmed its holdings in shares of APA Co. (NASDAQ:APA) by 68.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 124,882 shares of the company’s stock after selling 276,228 shares during the period. Trexquant Investment LP’s holdings in APA were worth $2,884,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Quantinno Capital Management LP grew its holdings in shares of APA by 11.0% in the 3rd quarter. Quantinno Capital Management LP now owns 48,393 shares of the company’s stock worth $1,184,000 after acquiring an additional 4,787 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its holdings in shares of APA by 20.3% during the third quarter. Kovitz Investment Group Partners LLC now owns 72,258 shares of the company’s stock valued at $1,625,000 after purchasing an additional 12,207 shares during the last quarter. National Bank of Canada FI boosted its position in shares of APA by 50.1% in the 3rd quarter. National Bank of Canada FI now owns 202,962 shares of the company’s stock valued at $4,964,000 after purchasing an additional 67,788 shares during the period. MML Investors Services LLC purchased a new position in APA in the 3rd quarter worth about $214,000. Finally, Nomura Asset Management Co. Ltd. raised its holdings in APA by 1.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 188,891 shares of the company’s stock worth $4,620,000 after buying an additional 3,324 shares during the period. Institutional investors and hedge funds own 83.01% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on APA shares. JPMorgan Chase & Co. decreased their target price on shares of APA from $23.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Royal Bank of Canada reiterated a “sector perform” rating and set a $32.00 price objective on shares of APA in a research report on Thursday, January 23rd. Susquehanna reduced their target price on APA from $33.00 to $31.00 and set a “positive” rating for the company in a report on Monday, March 3rd. UBS Group decreased their target price on APA from $28.00 to $27.00 and set a “neutral” rating for the company in a research report on Monday, December 9th. Finally, Barclays dropped their price target on APA from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 18th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. According to MarketBeat, APA has an average rating of “Hold” and a consensus target price of $27.68.

APA Trading Down 1.4 %

Shares of NASDAQ:APA opened at $14.96 on Tuesday. APA Co. has a 1 year low of $14.37 and a 1 year high of $36.05. The firm has a fifty day moving average price of $20.97 and a 200 day moving average price of $22.65. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $5.45 billion, a PE ratio of 2.11 and a beta of 2.74.

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). APA had a net margin of 24.36% and a return on equity of 27.86%. The company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.31 billion. Analysts expect that APA Co. will post 4.03 EPS for the current fiscal year.

APA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Tuesday, April 22nd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.68%. The ex-dividend date of this dividend is Tuesday, April 22nd. APA’s payout ratio is 44.25%.

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.