Fox Run Management L.L.C. Acquires Shares of 18,668 APA Co. (NASDAQ:APA)

Fox Run Management L.L.C. bought a new stake in APA Co. (NASDAQ:APA) in the 4th quarter, Holdings Channel.com reports. The fund bought 18,668 shares of the company’s stock, valued at approximately $431,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. TD Private Client Wealth LLC increased its position in APA by 84.1% in 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 boosted its stake in shares of APA by 5,718.2% in the 4th quarter. Riverview Trust Co now owns 1,280 shares of the company’s stock valued at $30,000 after purchasing an additional 1,258 shares during the last quarter. Wilmington Savings Fund Society FSB grew its position in shares of APA by 77.9% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company’s stock worth $31,000 after buying an additional 586 shares during the period. Runnymede Capital Advisors Inc. bought a new stake in shares of APA during the fourth quarter worth approximately $35,000. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in APA by 93.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,614 shares of the company’s stock valued at $37,000 after buying an additional 780 shares during the period. Institutional investors own 83.01% of the company’s stock.

APA Stock Performance

APA opened at $20.89 on Wednesday. The company has a market capitalization of $7.61 billion, a price-to-earnings ratio of 2.95 and a beta of 3.26. The business’s 50-day moving average price is $21.82 and its two-hundred day moving average price is $22.97. APA Co. has a 1 year low of $17.66 and a 1 year high of $36.05. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.24 and a quick ratio of 1.24.

APA (NASDAQ:APA) last announced its earnings results on Wednesday, February 26th. The company reported $0.79 earnings per share (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 firm had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.31 billion. Equities analysts expect that APA Co. will post 4.03 EPS for the current fiscal year.

APA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Tuesday, April 22nd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.79%. The ex-dividend date of this dividend is Tuesday, April 22nd. APA’s payout ratio is 44.25%.

Analyst Ratings Changes

A number of research firms have commented on APA. Piper Sandler lowered their target price on shares of APA from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, December 17th. Raymond James downgraded APA from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the company from $45.00 to $32.00 in a report on Monday, March 10th. Susquehanna reduced their target price on APA from $33.00 to $31.00 and set a “positive” rating on the stock in a report on Monday, March 3rd. Citigroup lowered their price target on APA from $24.00 to $20.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Finally, Barclays reduced 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 note on Tuesday, March 18th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target 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.