Mutual of America Capital Management LLC sells 3,257 shares of APA Co. (NASDAQ:APA)

Mutual of America Capital Management LLC reduced its holdings in shares of APA Co. (NASDAQ:APA – Free Report) by 6.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,407 shares of the company’s stock after selling 3,257 shares during the quarter. Mutual of America Capital Management LLC’s holdings in APA were worth $1,337,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of APA by 4.7% in the first quarter. Vanguard Group Inc. now owns 44,648,084 shares of the company’s stock valued at $1,535,001,000 after acquiring an additional 2,004,555 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its position in APA by 10.6% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 20,299,538 shares of the company’s stock worth $728,347,000 after purchasing an additional 1,938,335 shares during the period. Harris Associates LP grew its position in APA by 17.8% during the fourth quarter. Harris Associates LP now owns 15,705,693 shares of the company’s stock worth $563,520,000 after purchasing an additional 2,367,570 shares during the period. Dimensional Fund Advisors LP raised its stake in APA by 131.7% during the second quarter. Dimensional Fund Advisors LP now owns 4,813,655 shares of the company’s stock worth $141,704,000 after buying an additional 2,736,041 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in APA by 15.7% in the second quarter. Bank of New York Mellon Corp now owns 3,358,192 shares of the company’s stock valued at $98,865,000 after buying an additional 455,312 shares during the period. 83.01% of the shares are currently owned by institutional investors and hedge funds.

APA price performance

Shares of APA stock opened at $23.15 on Friday. The stock has a market cap of $8.59 billion, a price-to-earnings ratio of 2.59 and a beta of 3.24. APA Co. it has a 52 week low of $22.72 and a 52 week high of $43.58. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.01, and a current ratio of 1.01. The stock’s 50-day moving average is $27.71, and its two-hundred-day moving average is $29.93.

APA (NASDAQ:APA – Get Free Report ) last posted its 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. The company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.28 billion. APA had a net margin of 32.66% and a return on equity of 35.95%. APA revenues increased by 41.6% year-on-year. In the same period last year, the firm earned $0.85 per share. On average, equities analysts predict that APA Co. will post 4.04 earnings per share for the current year.

APA dividend announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Tuesday, October 22nd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a dividend of $1.00 on an annualized basis and a yield of 4.32%. APA’s dividend payout ratio (DPR) is currently 11.19%.

Analyst upgrades and downgrades

A number of research analysts recently issued reports on APA shares. Scotiabank decreased their price objective on shares of APA from $37.00 to $30.00 and set a “sector perform” rating on the stock in a research note on Friday, July 12th. Citigroup cut their price target on APA from $33.00 to $32.00 and set a “neutral” rating for the company in a report on Monday, September 9th. Bank of America restated an “underperform” rating and issued a $31.00 price objective on shares of APA in a research note on Friday, June 14th. Barclays reissued an “equal weight” rating and set a $35.00 target price on shares of APA in a research note on Wednesday, September 11th. Finally, JPMorgan Chase & Co. decreased their target price on shares of APA from $36.00 to $27.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $36.38, according to MarketBeat.

Check out our latest report on APA

APA profile

(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.

Read more

Want to see what other hedge funds own APA? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for APA Co. (NASDAQ:APA – Free Report).

Get news and reviews for APA Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for APA and related companies with MarketBeat.com’s FREE daily email newsletter.