Chevy Chase Trust Holdings LLC sells 3,078 shares of APA Co. (NASDAQ:APA)

Chevy Chase Trust Holdings LLC reduced its position in APA Co. (NASDAQ:APA – Free Report) by 1.5% during the second quarter, according to the company in its most recent SEC disclosure. The firm owned 196,555 shares of the company’s stock after selling 3,078 shares during the period. Chevy Chase Trust Holdings LLC owned about 0.05% of APA worth $5,787,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in APA. Sunpointe LLC boosted its holdings in shares of APA by 2.8% in the second quarter. Sunpointe LLC now owns 13,297 shares of the company’s stock worth $391,000 after acquiring an additional 362 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of APA by 6.9% in the second quarter. Nisa Investment Advisors LLC now owns 95,760 shares of the company’s stock worth $2,819,000 after acquiring an additional 6,152 shares during the period. Raymond James & Associates boosted its holdings in shares of APA by 29.2% during the second quarter. Raymond James & Associates now owns 644,140 shares of the company’s stock worth $18,963,000 after acquiring an additional 145,695 shares during the period. Boston Trust Walden Corp bought a new stake in APA in the second quarter valued at $5,787,000. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in APA by 32.7% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 987,588 shares of the company’s stock worth $29,075,000 after purchasing an additional 243,325 shares during the period. Institutional investors own 83.01% of the company’s shares.

APA stock performance

Shares of NASDAQ:APA opened at $28.06 on Thursday. The firm has a market cap of $10.42 billion, a PE ratio of 3.14 and a beta of 3.26. The company has a quick ratio of 1.16, a current ratio of 1.01, and a debt-to-equity ratio of 1.04. The company’s 50-day moving average price is $29.43, and its two-hundred-day moving average price is $30.72. APA Co. has a 12-month low of $26.81 and a 12-month high of $46.15.

APA (NASDAQ:APA – Get Free Report ) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.22. APA had a return on equity of 35.95% and a net margin of 32.66%. The company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.28 billion. The company’s revenue for the quarter was up 41.6% compared to the same quarter last year. In the same quarter last year, the company posted EPS of $0.85. Equities research analysts predict that APA Co. will post 4.17 earnings per share for the current year.

Analysts set new price targets

A number of equities research analysts recently issued reports on the company. Wolfe Research started coverage on APA in a research report on Thursday, July 18th. They issued an “outperform” rating and a $42.00 target price on the stock. Susquehanna lifted their target price on shares of APA from $54.00 to $57.00 and gave the company a “positive” rating in a research note on Tuesday, May 7th. Wells Fargo & Company reduced their price objective on shares of APA from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Wednesday, August 14th. Scotiabank cut their price target on APA from $37.00 to $30.00 and set a “sector perform” rating for the company in a research report on Friday, July 12th. Finally, UBS Group cut their price target on APA from $38.00 to $35.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. APA has a consensus rating of “Hold” and a consensus price target of $38.27, according to MarketBeat.com.

Get the latest APA report

About APA

(Free Report)

APA Corporation, an independent energy company, explores, develops and produces natural gas, crude oil and natural gas liquids. It has oil and gas operations in the United States, Egypt and the North Sea. The company also has exploration and appraisal activities in Suriname, as well as holding interests in projects located in Uruguay and internationally.

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