Bank of New Hampshire Sells 715 Shares of APA Co. (NASDAQ:APA)

Bank of New Hampshire cut its stake in shares of APA Co. (NASDAQ:APA) by 33.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,410 shares of the company’s stock after selling 715 shares during the period. Bank of New Hampshire’s holdings in APA were worth $30,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in APA by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 9,507,956 shares of the company’s stock valued at $219,016,000 after purchasing an additional 200,770 shares in the last quarter. US Bancorp DE increased its holdings in APA by 2.2% in the 4th quarter. US Bancorp DE now owns 47,719 shares of the company’s stock worth $1,102,000 after acquiring an additional 1,010 shares in the last quarter. New York State Teachers Retirement System increased its holdings in APA by 7.7% in the 4th quarter. New York State Teachers Retirement System now owns 400,409 shares of the company’s stock worth $9,245,000 after acquiring an additional 28,664 shares in the last quarter. D.A. Davidson & CO. purchased a new stake in APA in the 4th quarter worth approximately $487,000. Finally, abrdn plc increased its holdings in APA by 48.4% in the 4th quarter. abrdn plc now owns 108,311 shares of the company’s stock worth $2,504,000 after acquiring an additional 35,317 shares in the last quarter. 83.01% of the stock is currently owned by hedge funds and other institutional investors.

APA Trading Up 3.6%

APA stock opened at $18.50 on Monday. The firm has a fifty day moving average price of $16.57 and a 200 day moving average price of $20.15. APA Co. has a fifty-two week low of $13.58 and a fifty-two week high of $33.41. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market cap of $6.69 billion, a PE ratio of 2.61 and a beta of 1.25.

APA (NASDAQ:APA) last posted its earnings results on Wednesday, May 7th. The company reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.23. APA had a net margin of 24.36% and a return on equity of 27.86%. The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period last year, the firm posted $0.78 earnings per share. APA’s revenue for the quarter was up 35.1% compared to the same quarter last year. Sell-side analysts anticipate that APA Co. will post 4.03 earnings per share for the current fiscal year.

APA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Tuesday, July 22nd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.41%. The ex-dividend date is Tuesday, July 22nd. APA’s dividend payout ratio (DPR) is presently 35.97%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on APA shares. The Goldman Sachs Group reissued a “sell” rating and issued a $23.00 target price on shares of APA in a report on Wednesday, March 19th. Susquehanna reduced their target price on shares of APA from $31.00 to $30.00 and set a “positive” rating for the company in a report on Tuesday, April 22nd. Mizuho reduced their target price on shares of APA from $20.00 to $19.00 and set an “underperform” rating for the company in a report on Tuesday, May 13th. Royal Bank of Canada reduced their target price on shares of APA from $27.00 to $24.00 and set a “sector perform” rating for the company in a report on Friday, April 11th. Finally, Scotiabank reduced their target price on shares of APA from $26.00 to $14.00 and set a “sector perform” rating for the company in a report on Friday, April 11th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, APA presently has an average rating of “Hold” and an average price target of $25.21.

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.