Intellectus Partners LLC Has $544,000 Holdings in APA Co. (NASDAQ:APA)

Intellectus Partners LLC lessened its holdings in APA Co. (NASDAQ:APA) by 5.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,550 shares of the company’s stock after selling 1,400 shares during the period. Intellectus Partners LLC’s holdings in APA were worth $544,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in APA. TD Private Client Wealth LLC increased its stake in APA by 84.1% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company’s stock valued at $29,000 after buying an additional 540 shares during the last quarter. Riverview Trust Co increased its stake in 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 buying an additional 1,258 shares during the last quarter. Wilmington Savings Fund Society FSB increased its stake in APA by 77.9% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company’s stock valued at $31,000 after buying an additional 586 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in APA by 93.5% in the 4th 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 last quarter. Finally, Huntington National Bank increased its stake in APA by 48.8% in the 3rd quarter. Huntington National Bank now owns 1,710 shares of the company’s stock valued at $42,000 after buying an additional 561 shares during the last quarter. Institutional investors and hedge funds own 83.01% of the company’s stock.

APA Stock Up 0.5 %

APA opened at $18.84 on Friday. The company has a 50 day moving average of $22.67 and a 200 day moving average of $23.65. The company has a market cap of $6.97 billion, a PE ratio of 2.66 and a beta of 3.26. APA Co. has a 12 month low of $17.66 and a 12 month high of $36.04. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03.

APA (NASDAQ:APA) last released its quarterly earnings data 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 business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.31 billion. On average, sell-side analysts expect that APA Co. will post 4.03 EPS for the current year.

APA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Tuesday, April 22nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 5.31%. The ex-dividend date is Tuesday, April 22nd. APA’s payout ratio is 44.25%.

Insider Buying and Selling at APA

In other news, Director Juliet S. Ellis purchased 4,391 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was purchased at an average cost of $22.78 per share, with a total value of $100,026.98. Following the acquisition, the director now directly owns 12,436 shares in the company, valued at approximately $283,292.08. This trade represents a 54.58 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $32.00 price objective on shares of APA in a research note on Thursday, January 23rd. JPMorgan Chase & Co. decreased their price objective on shares of APA from $29.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, November 13th. Susquehanna reduced their target price on shares of APA from $33.00 to $31.00 and set a “positive” rating for the company in a research report on Monday, March 3rd. The Goldman Sachs Group reduced their target price on shares of APA from $25.00 to $22.00 and set a “sell” rating for the company in a research report on Friday, January 3rd. Finally, Citigroup reduced their target price on shares of APA from $29.00 to $24.00 and set a “neutral” rating for the company in a research report on Tuesday, November 26th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, APA presently has a consensus rating of “Hold” and a consensus price target of $29.80.

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.