Lmcg Investments LLC Trims Holdings in APA Co. (NASDAQ:APA)

Lmcg Investments LLC trimmed its holdings in APA Co. (NASDAQ:APA) by 26.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,507 shares of the company’s stock after selling 13,991 shares during the quarter. Lmcg Investments LLC’s holdings in APA were worth $1,163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of APA. Vanguard Group Inc. grew its holdings in APA by 4.7% in the first quarter. Vanguard Group Inc. now owns 44,648,084 shares of the company’s stock worth $1,535,001,000 after purchasing an additional 2,004,555 shares during the period. Wealthquest Corp boosted its position in shares of APA by 21.7% in the 4th quarter. Wealthquest Corp now owns 154,200 shares of the company’s stock worth $5,533,000 after purchasing an additional 27,513 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of APA by 23.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,841,956 shares of the company’s stock worth $66,093,000 after buying an additional 345,192 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in APA by 10.6% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 20,299,538 shares of the company’s stock valued at $728,347,000 after buying an additional 1,938,335 shares in the last quarter. Finally, Mutual of America Capital Management LLC raised its stake in APA by 18.5% during the first quarter. Mutual of America Capital Management LLC now owns 48,664 shares of the company’s stock valued at $1,673,000 after buying an additional 7,580 shares during the last quarter. 83.01% of the stock is owned by hedge funds and other institutional investors.

APA Stock Up 3.3 %

Shares of APA stock opened at $25.25 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.04. APA Co. has a 12 month low of $22.72 and a 12 month high of $43.58. The stock has a market cap of $9.37 billion, a P/E ratio of 2.82 and a beta of 3.24. The company has a 50 day simple moving average of $28.62 and a two-hundred day simple moving average of $30.23.

APA (NASDAQ:APA) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.22. APA had a net margin of 32.66% and a return on equity of 35.95%. The firm had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the previous year, the firm posted $0.85 EPS. The company’s revenue for the quarter was up 41.6% compared to the same quarter last year. On average, research analysts expect that APA Co. will post 4.34 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on APA shares. JPMorgan Chase & Co. cut their target price on APA from $36.00 to $27.00 and set a “neutral” rating on the stock in a research note on Thursday, September 12th. Evercore ISI reissued an “in-line” rating and set a $39.00 price objective on shares of APA in a research report on Thursday, September 12th. Piper Sandler reduced their price objective on shares of APA from $34.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday, August 15th. Scotiabank dropped their target price 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. Finally, Citigroup reduced their price target on shares of APA from $33.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, September 9th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, APA has a consensus rating of “Hold” and an average price target of $36.67.

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.