Captrust Financial Advisors Lowers Holdings in APA Co. (NASDAQ:APA)

Captrust Financial Advisors trimmed its holdings in APA Co. (NASDAQ:APA) by 45.4% in the 4th quarter, HoldingsChannel reports. The fund owned 21,060 shares of the company’s stock after selling 17,486 shares during the quarter. Captrust Financial Advisors’ holdings in APA were worth $486,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Van ECK Associates Corp lifted its stake in APA by 0.6% during the fourth quarter. Van ECK Associates Corp now owns 77,110 shares of the company’s stock worth $1,780,000 after purchasing an additional 469 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in shares of APA by 0.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 138,991 shares of the company’s stock valued at $3,070,000 after acquiring an additional 544 shares in the last quarter. Segment Wealth Management LLC raised its stake in shares of APA by 1.1% in the fourth quarter. Segment Wealth Management LLC now owns 54,938 shares of the company’s stock valued at $1,269,000 after acquiring an additional 571 shares in the last quarter. Wilmington Savings Fund Society FSB raised its stake in shares of APA by 77.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company’s stock valued at $31,000 after acquiring an additional 586 shares in the last quarter. Finally, V Square Quantitative Management LLC raised its stake in shares of APA by 5.8% in the fourth quarter. V Square Quantitative Management LLC now owns 10,762 shares of the company’s stock valued at $248,000 after acquiring an additional 589 shares in the last quarter. 83.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on APA. Piper Sandler reduced their price objective on APA from $22.00 to $19.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 13th. Morgan Stanley set a $20.00 price objective on APA and gave the company an “underweight” rating in a research note on Tuesday, April 15th. JPMorgan Chase & Co. reduced their price objective on APA from $23.00 to $20.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Mizuho reduced their price objective on APA from $20.00 to $19.00 and set an “underperform” rating on the stock in a research note on Tuesday, May 13th. Finally, Barclays reduced their price objective on APA from $25.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 23rd. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $25.37.

APA Stock Performance

NASDAQ:APA opened at $17.59 on Monday. The firm has a market capitalization of $6.36 billion, a PE ratio of 2.48 and a beta of 1.18. The business’s fifty day moving average price is $17.51 and its 200 day moving average price is $20.69. 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 Co. has a 12 month low of $13.58 and a 12 month high of $33.41.

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

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.