Semanteon Capital Management LP Invests $450,000 in APA Co. (NASDAQ:APA)

Semanteon Capital Management LP purchased a new position in shares of APA Co. (NASDAQ:APA) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 19,485 shares of the company’s stock, valued at approximately $450,000.

Several other institutional investors and hedge funds have also modified their holdings of APA. GSA Capital Partners LLP purchased a new position in shares of APA during the 3rd quarter worth $281,000. Natixis Advisors LLC raised its position in shares of APA by 15.1% during the 3rd quarter. Natixis Advisors LLC now owns 101,334 shares of the company’s stock valued at $2,478,000 after purchasing an additional 13,266 shares during the period. Swiss National Bank raised its position in shares of APA by 0.4% during the 3rd quarter. Swiss National Bank now owns 1,101,492 shares of the company’s stock valued at $26,942,000 after purchasing an additional 4,800 shares during the period. Quest Partners LLC bought a new stake in shares of APA during the 3rd quarter valued at $344,000. Finally, Pathstone Holdings LLC raised its position in shares of APA by 2.7% during the 3rd quarter. Pathstone Holdings LLC now owns 68,074 shares of the company’s stock valued at $1,665,000 after purchasing an additional 1,771 shares during the period. Hedge funds and other institutional investors own 83.01% of the company’s stock.

APA Price Performance

APA stock opened at $20.61 on Friday. 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 company has a 50-day moving average price of $21.97 and a 200 day moving average price of $23.08. The stock has a market cap of $7.50 billion, a PE ratio of 2.91 and a beta of 3.26.

APA (NASDAQ:APA) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.18). APA had a return on equity of 27.86% and a net margin of 24.36%. The firm had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.31 billion. Equities research analysts anticipate that APA Co. will post 4.03 earnings per share for the current year.

APA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors 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 dividend on an annualized basis and a dividend yield of 4.85%. APA’s dividend payout ratio is presently 44.25%.

Wall Street Analyst Weigh In

Several analysts have recently commented on APA shares. Wells Fargo & Company downgraded shares of APA from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $42.00 to $25.00 in a research report on Tuesday, December 17th. UBS Group decreased their price objective on shares of APA from $28.00 to $27.00 and set a “neutral” rating on the stock in a research report on Monday, December 9th. Susquehanna decreased their price objective on shares of APA from $33.00 to $31.00 and set a “positive” rating on the stock in a research report on Monday, March 3rd. Mizuho reduced their price target on shares of APA from $25.00 to $24.00 and set an “underperform” rating on the stock in a report on Monday, December 16th. Finally, Piper Sandler reduced their price target on shares of APA from $26.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, December 17th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $28.60.

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.