Samalin Investment Counsel LLC Buys New Shares in APA Co. (NASDAQ:APA)

Samalin Investment Counsel LLC purchased a new position in shares of APA Co. (NASDAQ:APA) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 13,301 shares of the company’s stock, valued at approximately $307,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of APA. Janney Montgomery Scott LLC grew its holdings in shares of APA by 22.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 65,071 shares of the company’s stock valued at $1,503,000 after purchasing an additional 12,077 shares during the last quarter. US Bancorp DE grew its stake in shares of APA by 2.2% during the fourth quarter. US Bancorp DE now owns 47,719 shares of the company’s stock valued at $1,102,000 after buying an additional 1,010 shares during the last quarter. Baader Bank Aktiengesellschaft increased its holdings in shares of APA by 175.8% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 23,500 shares of the company’s stock worth $543,000 after buying an additional 14,980 shares during the period. HITE Hedge Asset Management LLC bought a new stake in shares of APA in the 3rd quarter valued at about $7,238,000. Finally, PVG Asset Management Corp purchased a new stake in APA during the 3rd quarter valued at about $757,000. 83.01% of the stock is currently owned by hedge funds and other institutional investors.

APA Trading Up 0.2 %

APA stock opened at $20.61 on Monday. APA Co. has a 12 month low of $17.66 and a 12 month high of $36.05. 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 business’s fifty day simple moving average is $21.97 and its two-hundred day simple moving average is $23.04. The company has a market capitalization of $7.50 billion, a price-to-earnings ratio of 2.91 and a beta of 3.26.

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

APA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Tuesday, April 22nd will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, April 22nd. This represents a $1.00 annualized dividend and a yield of 4.85%. APA’s dividend payout ratio is 44.25%.

Wall Street Analysts Forecast Growth

APA has been the subject of a number of analyst reports. JPMorgan Chase & Co. dropped their price objective on APA from $23.00 to $20.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th. Piper Sandler dropped their price target on shares of APA from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, December 17th. Barclays decreased 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 report on Tuesday, March 18th. Mizuho dropped their target price on shares of APA from $25.00 to $24.00 and set an “underperform” rating for the company in a report on Monday, December 16th. Finally, Wells Fargo & Company downgraded APA from an “overweight” rating to an “equal weight” rating and reduced 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, APA currently has an average 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.