Koss Olinger Consulting LLC Makes New Investment in APA Co. (NASDAQ:APA)

Koss Olinger Consulting LLC purchased a new position in APA Co. (NASDAQ:APA) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,689 shares of the company’s stock, valued at approximately $270,000.

Several other institutional investors have also added to or reduced their stakes in the business. TD Private Client Wealth LLC lifted its holdings in shares of APA by 84.1% during the third quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company’s stock worth $29,000 after purchasing an additional 540 shares during the period. Riverview Trust Co lifted its holdings in shares of APA by 5,718.2% during the fourth quarter. Riverview Trust Co now owns 1,280 shares of the company’s stock worth $30,000 after purchasing an additional 1,258 shares during the period. Wilmington Savings Fund Society FSB lifted its holdings in shares of APA by 77.9% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company’s stock worth $31,000 after purchasing an additional 586 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of APA by 93.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,614 shares of the company’s stock worth $37,000 after purchasing an additional 780 shares during the period. Finally, Huntington National Bank lifted its holdings in shares of APA by 48.8% during the third quarter. Huntington National Bank now owns 1,710 shares of the company’s stock worth $42,000 after purchasing an additional 561 shares during the period. Institutional investors and hedge funds own 83.01% of the company’s stock.

APA Stock Up 3.2 %

Shares of APA opened at $20.81 on Thursday. 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 Co. has a one year low of $17.66 and a one year high of $36.05. The stock has a market capitalization of $7.58 billion, a price-to-earnings ratio of 2.94 and a beta of 3.26. The stock has a 50 day moving average price of $22.09 and a 200 day moving average price of $23.15.

APA (NASDAQ:APA) last issued 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). APA had a return on equity of 27.86% and a net margin of 24.36%. The firm had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.31 billion. Equities research analysts forecast that APA Co. will post 4.03 earnings per share for the current fiscal year.

APA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Tuesday, April 22nd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.81%. The ex-dividend date of this dividend is Tuesday, April 22nd. APA’s payout ratio is 44.25%.

Wall Street Analyst Weigh In

A number of research firms recently commented on APA. JPMorgan Chase & Co. decreased their target price on APA from $23.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Raymond James downgraded APA from a “strong-buy” rating to an “outperform” rating and decreased their target price for the stock from $45.00 to $32.00 in a report on Monday, March 10th. Royal Bank of Canada reissued a “sector perform” rating and issued a $32.00 price target on shares of APA in a report on Thursday, January 23rd. Susquehanna decreased their price target on APA from $33.00 to $31.00 and set a “positive” rating for the company in a report on Monday, March 3rd. Finally, Wells Fargo & Company downgraded APA from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $42.00 to $25.00 in a report on Tuesday, December 17th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $28.60.

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.